Does ANSI apply?

[Dublin ohio]

Selling Guide

selling-guide.fanniemae.com

How about a link to you actual post. Like I said. I couldn't find that actual statement in any of the selling guide references to ANSI

 

[NJ Valuator]

Fannie Mae requires appraisers to use the American National Standards Institute (ANSI) Z765 standard to measure the following types of properties when valuing them for loans that Fannie Mae will purchase:
Single-family homes: Detached or attached, including manufactured housing
Townhouse-style condominium units: Also known as attached single-family houses, these units have their own roof and foundation, dividing walls, and don't share utilities with other houses
Detached condominium units: Also known as "site condos"

The ANSI standard does not apply to apartment-style units in condo or co-op projects, or to two- to four-unit properties. For apartment-style units, appraisers should use interior perimeter measurements to calculate the gross living area (GLA).

And, @Fernando - it is ANSI Not ANZI...you are confusing it with NAZI...an easy mistake to make when dealing with FNMA.

Hi Terrel, I cannot find the specific commentary you mentioned above in the Selling Guide for "Townhouse-style condominium units: Also known as attached single-family houses, these units have their own roof and foundation, dividing walls, and don't share utilities with other houses". Where is this stated?

Even though my unit is 2 levels, it would still be considered apartment style because there is a separate unit underneath it so technically it does not have a foundation. Right??

 

[Dublin ohio]

Hi Terrel, I cannot find the specific commentary you mentioned above in the Selling Guide for "Townhouse-style condominium units: Also known as attached single-family houses, these units have their own roof and foundation, dividing walls, and don't share utilities with other houses". Where is this stated?

Even though my unit is 2 levels, it would still be considered apartment style because there is a separate unit underneath it so technically it does not have a foundation. Right??

This is a close as I have come using the selling guide. See under gross living area

B4-1.3-05, Improvements Section of the Appraisal Report (09/06/2023)

This topic contains information on reviewing the Improvements section of the appraisal report form, including:

selling-guide.fanniemae.com

 

[NJ Valuator]

This is a close as I have come using the selling guide. See under gross living area

B4-1.3-05, Improvements Section of the Appraisal Report (09/06/2023)

This topic contains information on reviewing the Improvements section of the appraisal report form, including:

selling-guide.fanniemae.com

Yes, I am aware if that, but specifically the comment Terrel made: "Townhouse-style condominium units: Also known as attached single-family houses, these units have their own roof and foundation, dividing walls, and don't share utilities with other houses". I could not find this anywhere.

 

[Terrel L. Shields]

Does ANSI apply to attached condo's. BofA is requesting exterior dimensions..

Thank goodness I believe there's a grandfather/honeymoon period before all these confused issues are settled.;)

appraisersforum.com

Plus a Reddit post

 

[Surf Cat]

huh?

A typical reaction to many of Zoe's posts.

 

[sputnam]

Hi Terrel, I cannot find the specific commentary you mentioned above in the Selling Guide for "Townhouse-style condominium units: Also known as attached single-family houses, these units have their own roof and foundation, dividing walls, and don't share utilities with other houses". Where is this stated?

Even though my unit is 2 levels, it would still be considered apartment style because there is a separate unit underneath it so technically it does not have a foundation. Right??

It has a foundation. It does not have a SEPARATE foundation.... or roof, I guess.

Please... and this is to every appraiser... just buy a copy of the current ANSI standard and read it. Or... take a class and read the text book.

 

[djd09]

It has a foundation. It does not have a SEPARATE foundation.... or roof, I guess.

Please... and this is to every appraiser... just buy a copy of the current ANSI standard and read it. Or... take a class and read the text book.

buy the book...take the class...snake oil salesmen

 

[Fernando]

buy the book...take the class...snake oil salesmen

Hard for y'all to imagine but I never bought the book. It's not right to pay for something Fannie should give to us for free.

 

[Dublin ohio]

Hard for y'all to imagine but I never bought the book.

Takes no imagination whatsoever