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Depreciated Cost vs. Regression Clients are increasingly asking for documented and supported adjustments. But where do these numbers come from? We have several methods, like paired sales, regression analysis, and depreciated cost. Regression analysis is useful but has its issues. It needs a lot of data to be effective and struggles with fewer transactions. It also has trouble with qualitative factors like design, condition, quality, lot shape, view quality, and site improvements. Aloft has taken Depreciated Cost to a new level. You can quickly cost out the subject and comparables, creating a framework for your entire comp set. This approach covers both quantitative and qualitative adjustments. It’s easy to use! It's fast to learn! And the documentation looks great in your report! Try Toolkit for free for 30 days. We believe you’ll see how this tool can transform your appraisals and take your work to the next level! https://lnkd.in/g8gdr-An #Appraisal #RealEstate #DepreciatedCost #RegressionAnalysis #Aloft #AppraiserToolkit

Happy fourth from the Aloft team!

Big News for Appraiser Toolkit! We’ve made a significant update that redefines the concept of depreciated cost as an adjustment support tool. Appraiser Toolkit is now faster and more intuitive than ever before. Here’s what’s new: 🔄 Real-Time Depreciated Cost Calculations: • Increase the quality rating for an improvement and watch the cost of that improvement go up while the extracted site value decreases, right before your eyes. • Decrease the quality rating and see the cost drop and the site value rise, instantly. 📱 New User Interface: • An entirely new, sleek, and user-friendly design. 🖼 Integrated Image Recognition: • Effortlessly set quality ratings and effective ages of properties with image recognition technology. Remember, this is a tool to aid your analysis. Always verify and reconcile results, as you might sometimes disagree with the algorithm. Why Choose Toolkit? Toolkit is designed for adjustment support, helping you efficiently evaluate nearly any property in the country. It seamlessly integrates with Total, SFREP, and Clickforms, providing your clients with transparent and accurate data on where the numbers are coming from. Experience the future of appraisal adjustments with Appraiser Toolkit! 🚀 Try it now and see the difference. https://lnkd.in/g8gdr-An

Elevate Your Appraisal Skills with Aloft University! 📚 Join our FREE 4-hour training session on Mastering Market-Based Adjustments! Transform your appraisal analysis with this immersive course, designed to: - Delve into the intricacies of market analysis. - Debunk common myths and misconceptions. - Advance your understanding of analytical techniques. Gain hands-on experience through practical exercises and expert guidance. Perform complex calculations, evaluate data reliability, and engage in comprehensive case studies using Aloft's innovative Appraiser Toolkit. Learn a mathematically sound method to calculate and validate sales comparison grid adjustments by reintroducing the Cost Approach to Value as a foundation for market value determination. Seats are filling up fast—don't miss out! Visit www.AloftU.com to save your spot today.

𝗨𝗽𝗱𝗮𝘁𝗲: 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗨𝗔𝗗 𝗖𝗼𝘀𝘁 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 At Aloft, we believe in staying ahead of the curve. The landscape of real estate appraisals is evolving rapidly, and in less than 2 years, we'll be working with a completely new format. Today, let's take a closer look at the new UAD Cost Approach section. This section introduces several changes that require careful attention from appraisers. While Appraiser Toolkit already manages these aspects efficiently, we are continuously evolving our tools to align perfectly with these updates. Here are a few key points to consider: 1. 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆 𝗼𝗻 𝗥𝗲𝗺𝗮𝗶𝗻𝗶𝗻𝗴 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗟𝗶𝗳𝗲: Our detailed integration with our cost service and image recognition technology will help you provide this commentary with ease. 2. 𝗖𝗼𝗺𝗺𝗲𝗻𝘁𝗮𝗿𝘆 𝗼𝗻 𝗘𝗳𝗳𝗲𝗰𝘁𝗶𝘃𝗲 𝗔𝗴𝗲: Similar to above, there are multiple ways to derive a property’s effective age, and Toolkit has the answer. 𝗡𝗼𝘄 𝗵𝗲𝗿𝗲 𝗶𝘀 𝘄𝗵𝗲𝗿𝗲 𝘁𝗵𝗶𝗻𝗴𝘀 𝗴𝗲𝘁 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴! You will now be asked to itemize each Outbuilding as a component of this approach to value. Appropriately assessing the true value of these additional improvements is critical. Not only does Toolkit allow you to do this work already, but it also makes it easy to compare the features, quality, and condition of these improvements against one another to help you make incredibly accurate adjustments. 𝗡𝗲𝘄 𝗙𝗲𝗮𝘁𝘂𝗿𝗲 𝗔𝗹𝗲𝗿𝘁 There is also a section in the new UAD called "Land Comparables" where you will need to detail out your support for site value. This can be a mix of vacant land sales or improved land sales where you can use extraction to derive site value. And guess what? You can now see a list of proximate vacant land sales within Toolkit to help you align your site value with those trends or use them in your appraisal for additional site value support. So next time you're in Toolkit, just click on the graph icon on the right side of the screen and see this new feature in action! Stay tuned as we provide further insights and updates to help you navigate these changes seamlessly. At Aloft, we're committed to supporting appraisers through every transition.

🚨 Exciting News for Appraisers 🚨 The Uniform Appraisal Dataset (UAD) has been updated with new essential documents, including the Lender Readiness Kit and guidance on Functioning without Form Numbers. By 2026, form numbers will be phased out. In less than 2 years, we’ll transition to a new reporting system, impacting all form fillers, order management systems, and appraisal-related technology. Appraisers, we encourage you to visit the website below to download these documents and start preparing for the change. Training on the new Uniform Appraisal Dataset will be available later this year. Stay ahead and get ready to embrace the future of appraisal reporting! 🔗 https://lnkd.in/gQGFjrQ8 #Appraisal #RealEstate #UniformAppraisalDataset #AppraiserToolkit #FutureReady #RealEstateAppraisers

As we enjoy this Memorial Day weekend, we take a moment to honor and remember the brave men and women who have made the ultimate sacrifice for our country. Their courage and dedication allow us to enjoy the freedoms we have today. From all of us at Aloft we wish you a safe and reflective Memorial Day. 🇺🇸

Thank you Heather Sullivan for being such a huge part of the Aloft team!

We're proud to support the next generation of real estate appraisers. To help them thrive, we're now offering Aloft Toolkit for free to all appraiser trainees in the US. Toolkit enhances appraisal quality and efficiency and supports accurate, data-backed appraisals. Join us in shaping the future of real estate! Trainees can sign up here: https://lnkd.in/gk2B__2K #RealEstate #Appraisal #AloftToolkit #Innovation https://lnkd.in/gaHk3iQm

Aloft is proud to unveil our AI-Driven Image Analysis in Appraiser Toolkit™, designed to empower appraisers with cutting-edge tools that enhance their workflow. This innovation streamlines appraisals with automated property comparisons, setting a new standard for accuracy and efficiency. Join us in advancing the appraisal industry! #EmpoweringAppraisers #AloftInnovation #AIAppraisal #RealEstateTech