ANSI -Split Level Property

[sputnam]

People keep conflating Fannie's requirements and ANSI Z765-2021 standards. Yep, Fannie adopted ANSI... but, not exactly. Fannie's measurement rules are based on ANSI Z765-2021. They don't conform exactly. ANSI doesn't allow for 'exceptions' based on common market practice. Fannie does.

 

[Dublin ohio]

ANSI doesn't allow for 'exceptions' based on common market practice. Fannie does.

From what I understand. The only exception Fannie allows. Is the use of GXX001 for homes that don't conform to ANSI guidelines. Such as berm homes. Where there is no "above grade" living area.

 

[Terrel L. Shields]

One of the areas that we seem to be bringing up quite a bit are discussions about Above and Below Grade Finished area. 1st: Basements are basements. Above and below grade finished space is just what it means. Its not a basement per se. What is a common response: The market recognizes this area as finished space, Ok! What is not talked about is Fit N Finish of those separate areas.

Zack Lee. It doesn't matter what you call it. Just because the kittens are born in the oven doesn't make them biscuits.

Just call it what FNMA wants it called (basement finished is just that, it's not GLA even if it is valued identically.) See it all the time.
"Oh, it's walk out in the back so its GLA..." Nope. It is what it is. I see a local house been on market 3 times in last few years. Listed as 4400 Sf. Well it is 2,200 GLA and 2,200 finished basement. Listed that way for over 1 year and no sale. Relisted new agent as 2,200 SF with basement - sold in a few weeks. Now on market. It's shrunk as it is listed as 4,000 SF....since I measured it years ago, I know it is 4,400 total SF and the basement ceiling is painted wood subfloor of the floor above, and it has a basement "moldy" smell.

 

[djd09]

you are not following ansi standards as defined. and if that is the case, why didn't all knowing fannie just update their long standing measuring guidelines. oh yeah that's right buy the book or take the class. scammers. common sense left the building a long time ago

 

[RCA]

People keep conflating Fannie's requirements and ANSI Z765-2021 standards. Yep, Fannie adopted ANSI... but, not exactly. Fannie's measurement rules are based on ANSI Z765-2021. They don't conform exactly. ANSI doesn't allow for 'exceptions' based on common market practice. Fannie does.

Generally speaking, you can state that you are doing some task according to some standard, - with whatever exceptions you list.

The question is whether such exceptions are allowed by the pertinent local regulations or guidelines.

So, for example, "Measurements were done according to the ANSI Z765-2021 standard, with the following exceptions."

Yet the latter is even not necessary. Simply state the results of the measurements per ANSI, with separate amounts for above and below grade areas as one ANSI compliant step. Then, take those results and modify them for the FNMA report, as a second step - outside of the ANSI standard.

It's called "workflow."

 

[Carnivore]

Zack Lee. It doesn't matter what you call it. Just because the kittens are born in the oven doesn't make them biscuits.

Just call it what FNMA wants it called (basement finished is just that, it's not GLA even if it is valued identically.) See it all the time.
"Oh, it's walk out in the back so its GLA..." Nope. It is what it is. I see a local house been on market 3 times in last few years. Listed as 4400 Sf. Well it is 2,200 GLA and 2,200 finished basement. Listed that way for over 1 year and no sale. Relisted new agent as 2,200 SF with basement - sold in a few weeks. Now on market. It's shrunk as it is listed as 4,000 SF....since I measured it years ago, I know it is 4,400 total SF and the basement ceiling is painted wood subfloor of the floor above, and it has a basement "moldy" smell.

I don't disagree. My Post comes across as bending ANSI Rules, or I am not understanding ANSI. I did not intend that interpretation. I do understand it. I just did not say it very well and should have re-read it all and stated it correctly.

It's not hard to follow ansi. It requires paying attention to it while you measure. It also cause some reporting issues as our users. intended and unintended readers will interpret it differently or will have their own thoughts. AKA RE Agents. Fit N Finish is one area above and below grade areas that causes some head scratching and trying to extract that from the market is not all that simple.

 

[djd09]

football is a game of inches, but the stats are based in yards woke jokes

 

[Fernando]

After four months, we are still confused with ANSI.
As I expected, Fannie was too ambiguous for many appraisers on ANSI especially with above and below grade.
Time for Fannie to reevaluate ANSI because many measurements coming out now are inconsistent from misunderstanding of ANSI.

 

[sputnam]

After four months, we are still confused with ANSI.
As I expected, Fannie was too ambiguous for many appraisers on ANSI especially with above and below grade.
Time for Fannie to reevaluate ANSI because many measurements coming out now are inconsistent from misunderstanding of ANSI.

WE are not confused with ANSI. Maybe... YOU are.

 

[Fernando]

WE are not confused with ANSI. Maybe... YOU are.

I'm glad you're among few who are not confused with ANSI.
Unfortunately, many appraisers out there are confused.

Fannie wanted consistency in square footage for her database by measuring to nearest inch.
You still will get different square footages from two appraisers on a more complicated sketch. Fannie, what were you thinking?