To GLA or Not to GLA

[J Grant]

You may be technically correct but the overall big picture is that Shrub is right.... we mirror the market.

The problem is we have to follow USPAP, Fannie Mae guidelines, lender guidelines and of course, ANSI standards which, realtors do not use in their MLS listings.

On top of all the aforementioned items, we have a communicating problem with typical words in the English language that could be taken out of context.

AND....Let's not forget the biggest elephant in the room, the highest authority of the land has deemed us biased and the cause of preventing generational wealth.

We are not liked very much right now and we're walking on eggshells in every aspect of the appraisal assignment...

Technically correct also means professionally correct.
I don't give a f that RE agents do not adhere to ANSI for their listings. They are not appraisers so they have no obligation to do so

We are appraisers and we have instructions now to use ANSI for the lender products -

As far as how the market values it, that is for us to determine and we adjust and value accordingly. Explain any difference between MS reported sf and what is on the appraisal and why We have never been liked so who cares, doing shifty work or incorrect reporting to be liked is worse

Stop dragging bias into every post where it does not belong. IF appraisers stopped whining so loudly about it every time they open their mouth maybe it would be in the rear view mirror faster.

 

[Brian W Street]

How so?

As I read the requirements it is my understanding that if a ceiling is sloped then the ceiling must have a flat area at least one-half of the finished square footage of that room. Again I'm not sure if I understand 3.6 in its entirety and I could be wrong but why or what would it be referring to in this section, that is pulled right from the source? Yet I am a little confused as to the vertical ceiling height of 7', but what else would it be referring to when they have a 5' minimum knee wall?

My point is to add the entire area as an additional line item and then adjust as your market demands and comment.

 

[Carnivore]

Thats why I brought up this: :Then I would possibly report this area on a separate line using GX001 This way you can account for how the market accepts items/rooms like have been presented. It's possible that one specific room may not qualify for reporting as Finished Space".

 

[Overimprovement]

Thats why I brought up this: :Then I would possibly report this area on a separate line using GX001 This way you can account for how the market accepts items/rooms like have been presented. It's possible that one specific room may not qualify for reporting as Finished Space".

But you can report on a separate line without invoking GX001...

 

[shrubberyvaluation]

Stop dragging bias into every post where it does not belong. IF appraisers stopped whining so loudly about it every time they open their mouth maybe it would be in the rear view mirror faster.

Maybe, I think it has more to do with the political climate and who is appointed politically to organizations. You can be quiet all you want, but if the same fraudsters are voted in it continues as we are good scapegoats for their bad policies.

 

[Carnivore]

But you can report on a separate line without invoking GX001...

Correct. Invoking GX001 is for reasons why you cant comply with ANSI for some other reason at all...like a state Law.

So the answer is just what someone said above put it on a separate line and explain. Ain't fun trying find a reaction to a room that has no area above 7 foot!

I know Just Call Bert

 

[NC Appraising]

Looks like a ceiling height issue. What's next? Basement height is 6.5 I guess we'll include that too. The market perceives it as living space...I'm sure the seller and the listing agent will you for it.

Ps....you might get sued later on by the buyer for misrepresention.

 

[Fernando]

One time I saw this commercial building (no need to measure in ANSI, thank God).
There was sort of a "second" level in which the ceilings must be under 5 feet 5 inches. It was awkward for me to walk around there and I would just consider it as storage space.
However the tenant was shorter than 5 feet 5 inches and able to freely move about and used the space as office usage.
Different value for different size people.

 

[Carnivore]

Looks like a ceiling height issue. What's next? Basement height is 6.5 I guess we'll include that too. The market perceives it as living space...I'm sure the seller and the listing agent will you for it.

Ps....you might get sued later on by the buyer for misrepresention.

Nah, We just be following the rules forced down our throats.

What was interesting about the OP photos the one room peaked at the top. So we don't know if it is 7 foot. That pitch was pretty steep. The Picture did show the knee walls and I don't think they are 5 ft. With that pitch the counted floor area is going to be low, unless that room is long and narrow. I was thinking of printing the photo and do some calculations, LOL

 

[J Grant]

That ceiling looks like the Sistine Chapel to a hamster.