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Lot size

Fernando

Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
This is second time in a month that reviewer asked me why my lot size doesn't match public records.
Don't reviewers look at the plat map and verify that I'm right?
Do most appraisers actually look at the dimensions or just rely on public records?
 

Carnivore

Elite Member
Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
North Carolina
Big Data is pushing all this. Frankly, I don't think we should be explaining these minute differences that don't really have any measurable effect on the OMV. The only way yo deal with it is to use Boiler Plate comments, which I hate. It's not my job to fix their data issues.
 

KHS445

Member
Joined
Aug 20, 2011
Professional Status
Appraiser Trainee
State
Michigan
Generally, I site my source for this type of information. In my area often the County Equalization description of area will differ from a survey. Most times the County will include the entire description, but then exempt the road right-of-way thereby providing a net land area, while the survey will also include the entire description but will include the right-of-way as a part of the parcels area. My reports also have a place where I can enter gross land area, as well as net usable land area and that is where I usually include an explanation.
 

Fernando

Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
In my report, I specifically indicated my lot size is from the plat map. I don't know I can be more direct.
 

Tim The Enchanter

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
In my report, I specifically indicated my lot size is from the plat map. I don't know I can be more direct.

Assuming you got it right,

Tell them to RTFA, and shake your fist! :peace:
 

Tom D

Senior Member
Gold Supporting Member
Joined
May 22, 2015
Professional Status
Certified Residential Appraiser
State
Pennsylvania
why not mention both, if there is a difference.
i just have it to easy. little row homes, tons of comps, little driving, and itty bitty rectangular lots.
 

Fernando

Elite Member
Joined
Nov 7, 2016
Professional Status
Certified Residential Appraiser
State
California
As a follow up, like before, I reiterate that I got lot size from plat map.
After that, reviewer left me alone.
 

sputnam

Senior Member
Joined
Apr 24, 2012
Professional Status
Certified General Appraiser
State
North Carolina
It's simple... just put a copy of the plat in your report.
 
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