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Standardized Property Measuring Guidelines

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why doent radke come here and answer questions. :rof:
:rof: :rof:
 
djd09 said:
why doent radke come here and answer questions. :rof:
:rof: :rof:
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Lol. I think you know the answer to that one. He would pee in his pants about a minute in. With Reynolds, he will throw one softball after another. Hell, Reynolds wants to sell as many classes as possible. And the other idiot from Classless wants his hospitality greeters to use his scanners so he can become wealthy.
 
fanni wants interior walls. we had to do that long ago just drew some lines. i don't see where they are saying you need interior room measurements.
am i missing that. so why do i need to pay $30 for an interior room measurement sketch tool, if i don't need to post them. am i missing that requirement.
when i started i just drew a box with a pen and wrote in the rooms, after that they wanted walls & doors, then they went back to no walls.
 
Here is the assessor sketch of a property I appraised today. I went around the perimeter, and the measurements were precisely correct. Now Fannie wants us to use a standard that nobody else uses? Despite the public threats by their so-called chief appraiser. I don’t think so.

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As a retired appraiser, I don't have a bone to fight over in this issue. But, I learned very early in my career that, if I wanted to keep a client's business, I had to conform to its requirements. I recall more than several discussions about GLA calculation in this august forum: some of the back and forths about precision in measuring were intereresting - appraisers claiming they measured and reported dimensions to tne nearest foot, six inches, etc. justifying such an admission as warranted because such laxness existed in "the market", MLS, tax offices, etc. And, when I was on the mortgage side of the house finance business, I had a hard time doing repeat business with an appraiser whose information that was reported as factual was not factual.
 
So it seems everyone or at least a large number of appraisers are speaking out about the standard especially the level of precision it is going to take on larger houses. Certainly, it really will slow you up. Time is money. The below is just an example of how complicated it can get. (time is money) This one is really not that bad compared to others I have looked at.

I have not read through all of what they(FNMA) have put out. I skimmed through it. So if we look at the 1004 statement of assumptions & limitations pages specifically #2 You will notice this does not say anything about precision. I am sure they will change that down the road.

It raises a question: What are the real-world consequences. One for sure is the Appraisal fee for an FHA Grade on Slab Vinyl Village will plummet. Time is money is the reason. What fool would take on anything more complex? Well, some will, and they will get a much much larger Fee.

So here is my question: Can I as an appraiser sub-out the Sketch to a high tech company and use that in my report? Let's say I do some cursory measurements and bump that against the High Tech company's sketch! Does this meet the SOW requirements?

Well, I have done this for Private work. Specifically marriage dissolution. I use a non-lender report format. Unlike some who use a 1004 for private work. In this months NCAB Newsletter an Appraiser was sanctioned in part for doing this very thing. The guy was an Idiot.
Floor Plan (version 1).jpg
 
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