Joan Trice: CRN – Gross Living Area Measuring Standards Announcement

[Sadie]

Isn't ANSI already used by most appraisers?

Not all of them. I do not like ANSI.

 

[Tawfik Ahdab]

If the county assessor doesn’t use ANSI, and neither do the real estate brokers in the local market area, and MLS’s in most markets don’t use it either, then who is the appraiser via his/her nvestor/client overlord to impose ANSI standards without bothering to meet the defining reality of buyer/seller acceptance worked out ON THEIR OWN in their direct, forthright, and fully earnest transactions as described in the commonly-accepted definition of market value?

 

[Fernando]

Isn't ANSI already used by most appraisers?

Does ANSI mention whether to round up or down or to nearest half foot?
Does ANSI mention how to measure stairs in which some stairs use the area under the stairs as closets and others just wasted space?
Does ANSI address how to measure so called "basement" level which is interpreted differently in different locales?
Current ANSI standards are not sufficient.

 

[Mejappz]

This is just another attempt to try and widgetize the appraisal industry even more. These geniuses still have not figured out that Real estate is not a commodity.

 

[Tim Hicks (Texas)]

Yeah, OK, collateral whatever is trying to impose measuring standards.

We’ve heard about this before and it’s been beaten to death on his forum.

But hey, we need Joan Trice to save the real estate world. I got to say though she’s a great self-promoter, With emphasis on self.

CRN – Gross Living Area Measuring Standards Announcement - Appraisal Buzz

The Collateral Risk Network (CRN) announced today its formal endorsement of the gross living area measuring standard developed by the National Association of Home Builders (NAHB). This standard, published by the American National Standards Institute (ANSI), entitled Square Footage - Method for...

www.appraisalbuzz.com

Amateurs think that tweaking technicalities is the same as revolutionizing an entire field of expertise.

They make it seem that their imagined diligence equates to some sort of superior insight, as though revealing that perceived, or rather, imagined deficiencies of any sort and however minor are somehow fatal to the entire enterprise of appraising, and that only by the acumen that they bring can they save the appraisal profession from the incompetence of its own benighted participants.

do what?

 

[Tim Hicks (Texas)]

Does ANSI mention whether to round up or down or to nearest half foot?
Does ANSI mention how to measure stairs in which some stairs use the area under the stairs as closets and others just wasted space?
Does ANSI address how to measure so called "basement" level which is interpreted differently in different locales?
Current ANSI standards are not sufficient.

Have you ever read ANSI standards?

 

[Tim Hicks (Texas)]

If the county assessor doesn’t use ANSI, and neither do the real estate brokers in the local market area, and MLS’s in most markets don’t use it either, then who is the appraiser via his/her nvestor/client overlord to impose ANSI standards without bothering to meet the defining reality of buyer/seller acceptance worked out ON THEIR OWN in their direct, forthright, and fully earnest transactions as described in the commonly-accepted definition of market value?

real estate brokers don't measure GLA. I don't know about your area, but around here they use tax records, but MLS listings do not state GLA, the state "living area." Agents will combine guest quarters, sun rooms, enclosed patios, etc with GLA because they consider that living area by their definition.

 

[Tim Hicks (Texas)]

Personally, I think all appraisers should use a standard so that all appraisers are on the same page with regard measuring and GLA. That how we ended up with UAD, the lenders got tired of appraisers being on different pages with regard to quality, condition, above grade, below grade, etc.

 

[Joe Flacco]

Sadie,


“GLA by definition is above grade.”

That may be true for the GSE’s, But that’s not true for market participants in my market area. Believe me, there’s plenty of active and useful family life with direct access to the outdoors under street grade.

I suppose the people who promulgated the standards at Fannie and Freddie were born in the utter flatlands of the American plains and had no hillsides to hang off of or onto for household existence. .

I did not know that the definition of basement is space under street grade that is not useful for family life without access to outdoors.

 

[Joe Flacco]

If they want all the appraisers reporting structure size in ANSI then what they need to do is reach out to all the assessor offices in the country and tell them to go recalculate the structure size for all the homes in their jurisdiction and report it in ANSI.

Somebody let me know when it happens.