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Using The Assessor Sketch Instead

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Me neither, and I see about 1 in 40 or less MLS listings that references an appraiser measurement.


At this time in my market it's probably 1 in 15 that reference an appraisers measurements.
I took the advice from a post I read in this forum several years ago where the appraiser suggested using verbiage such as "This sketch is not to be used for marketing purposes" at the top of the sketch.

Yes, I do realize that agents will still do whatever they want to in their listing, regardless of what we write in our reports.
 
What I do is start going through MLS data where appraiser has uploaded GLA first on most similar properties. See, if the government owned Fannie, you would have better data.

so the data that appraisers send to your MLS is flawed?

the government does own FNMA, at least the good part - the profits.
 
are you trying to tell us that appraisers in TN populate comparable data on MLS based on the subject properties?

the government does own FNMA, at least the good part - the profits.

No. They upload GLA which is disclosed on MLS to members in many many cases. Have three divisions disclosed then. Appraiser, realtor, tax assessor.

It is crazy how far off realtor and public records are many times.

Realtor is required to note and identify appraiser in MLS.
 
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No. They upload GLA which is disclosed on MLS to members in many many cases. Have three divisions disclosed then. Appraiser, realtor, tax assessor,

so why is that data flawed and not as good as what other appraisers have sent to FNMA?
 
Both require measuring to the inch (or tenth if available).
The institutional stupidity of that is in the failure of guides to even address common measurement flaws such as tape stretch, tape tension, and holding the device or tape perfectly level. Surveyors of old used temperature tables, invar steel tapes, a tension handle, and a level that hung on the tape before the day of lasers. The most important function of transit, level, theodolite, or alidade work was to level it. And the obvious, namely the house "corner" itself varies by an inch or more depending upon the material for the siding....rock, brick, vinyl, etc. vary in uniformity. Few houses are perfectly square. Surely you see that when measuring. Garrett has it right. If the assessor measures to a half foot or foot, the appraiser will introduce false accuracy (aka significant digits error) by using a different measure.

Two identical houses 80 x 40 as measured by the assessor, one the subject one the comp, and the "accurate" measure of 80.4 x 40.4 yields a difference you might see an adjustment of several thousand dollars, an adjustment that should not be made.
and what little residential work you do is not for the secondary market?
Why oh wise one would that matter? I did bank work for 20 years before basically quitting them, although I've not done secondary market for 15 but those reports often went to the same bank reviewers working SM. So, again in the 5000 or so appraisals I've done, I don't recall a single instance where anyone mentioned the scale or measurements. I know of two sanctions where SF was an issue and in both cases we are talking several hundred SF, not tenths of inches. And I've seen bad measurements. I saw a log house with walk out basement, and sketched so bad it was obviously now even square in the sketch. One of those angled houses. But even then the real issue was lumping the basement in, calling it a two story log home when nary a log existed in the basement. I came in $150,000 less than the other appraiser but even so, in the end I was $15,000 higher than the actual sales price.

No I don't measure poultry barns because they have set contracts and sizes and you' d look worse than stupid trying to measure a barn to the inch, you'd look incompetent. I do measure farm houses and outbuildings to the same scale as the assessor- the foot. Like the farmer who said, "I knew she was no chicken farm appraiser when she got out of the car in skirt and heels." She didn't go in the barn. And sometimes you cannot under any circumstances, like in a bird flu outbreak, but whether she knew her stuff or not, he recognized she was not dressed for the occasion. When I put on Teflon booties and overalls, they know I have been on a farm before.

Measuring to the tenth is simply exercise, and your imaginary accuracy to anyone with math, surveying, and/or construction savvy makes you look like a dunderhead.
 
Why oh wise one would that matter? I did bank work for 20 years before basically quitting them, although I've not done secondary market for 15 but those reports often went to the same bank reviewers working SM. So, again in the 5000 or so appraisals I've done, I don't recall a single instance where anyone mentioned the scale or measurements. I know of two sanctions where SF was an issue and in both cases we are talking several hundred SF, not tenths of inches. And I've seen bad measurements. I saw a log house with walk out basement, and sketched so bad it was obviously now even square in the sketch. One of those angled houses. But even then the real issue was lumping the basement in, calling it a two story log home when nary a log existed in the basement. I came in $150,000 less than the other appraiser but even so, in the end I was $15,000 higher than the actual sales price.

No I don't measure poultry barns because they have set contracts and sizes and you' d look worse than stupid trying to measure a barn to the inch, you'd look incompetent. I do measure farm houses and outbuildings to the same scale as the assessor- the foot. Like the farmer who said, "I knew she was no chicken farm appraiser when she got out of the car in skirt and heels." She didn't go in the barn. And sometimes you cannot under any circumstances, like in a bird flu outbreak, but whether she knew her stuff or not, he recognized she was not dressed for the occasion. When I put on Teflon booties and overalls, they know I have been on a farm before.

Measuring to the tenth is simply exercise, and your imaginary accuracy to anyone with math, surveying, and/or construction savvy makes you look like a dunderhead.

the topic at hand, and what you quoted, was not using inches or tenths or meters, it was client's complaining about the use of someone else's sketch, namely an auditor. for secondary/FNMA work you have to show your calculations detailing how you arrived at the GLA figure, so if one has to go that far why not just do the sketch and have the calculations automatically completed by the software? but great story, did you get the matching t-shirt?
 
You lost me.

follow your own posts:

What I do is start going through MLS data where appraiser has uploaded GLA first on most similar properties. See, if the government owned Fannie, you would have better data.

so why is data from an appraiser submitted to FNMA better data than that which an appraiser submits to MLS? you said it.
 


What I do is start going through MLS data where appraiser has uploaded GLA first on most similar properties. See, if the government owned Fannie, you would have better data.

so why is data from an appraiser submitted to FNMA better data than that which an appraiser submits to MLS? you said it.
 
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