Standardized Property Measuring Guidelines

[Terrel L. Shields]

Many states already require ANSI for appraisers.

Name one that requires ALL appraisers to use ANSI.

 

[Fernando]

I like to round off to nearest half foot. I found it to be more accurate from years of measuring.
With Ansi, I have to round off to nearest foot. Ugh.

 

[djd09]

what standards does fannie follow when the waive the appraisal? it seems like our competition requires more then they do. market participants may differ.

 

[Mejappz]

I like to round off to nearest half foot. I found it to be more accurate from years of measuring.
With Ansi, I have to round off to nearest foot. Ugh.

Just keep doing it the Fernando way.

 

[Mejappz]

what standards does fannie follow when the waive the appraisal?

None.

 

[Fernando]

Just keep doing it the Fernando way.

You just want to get me in trouble with Fannie so she can kick me out.

 

[Mejappz]

You just want to get me in trouble with Fannie so she can kick me out.

Lol. No, I'm not. No one will be following it anyway, so you will be in good company.

 

[djd09]

None.

ironic, eh?

 

[Charles West]

Next time you measure use your way and do it a second time to the ANSI standard. If you measure to the half foot as I always did I don't think you'll see much difference.

 

[Fernando]

Lol. No, I'm not. No one will be following it anyway, so you will be in good company.

Client will have me follow ANSI in engagement letter.
When there's a discrepancy with my measurement and comps, I have to estimate to best of my knowledge what gross area of comps should be.
I already have to estimate size of basement and in law units when no public sources available. Now estimating comp measurements will bring more room for errors.