Square footage is calculated based on three required fields in REcolorado Matrix. I’ll bring the broom and popcorn!Īpparently MLS is not even bothering with the ANSI standard. Someone should put the RESO group, FNMA, and the ANSI group together so they can clean up this tremendous mess they just made. * A bi-level house does not typically have a basement. Claiming RESO compliance! Let’s ask FNMA whom is more authoritative, the RESO group or the ANSI residential measuring standards work group. Come again? It’s not over yet.įrom the Corelogic Matrix MLS system none the less. Especially after so many posters on this page were slinging mud and pushing fallacy and false accusation. And how do we apply the ANSI measuring standard on exterior-only appraisals, desktops, hybrids and 2055s? However, how is this going to help if Realtors, assessors, builders and architects are not measuring by the same standard? Will this create a false sense of accuracy? Will there be a lot more discrepancies once the ANSI measuring standard is used by appraisers for the subject property while the comparable sales are measured by a different measuring standards. The adjustment process does not change the requirement to report subject GLA to the ANSI standard.ĭoes following ANSI even reflect the market? Perhaps, adopting the ANSI standard will make the description of the subject property more precise. Through research and their knowledge of the local market, appraisers determine if the GLA provided through alternate sources should be adjusted. The appraiser may not know what method an MLS listing or assessor used to calculate the GLA. GLA for properties in local MLS systems and assessor records may not be ANSI-compliant. What if comparable sales are measured differently? The report will be ANSI-compliant and also acknowledge the contributing value of the non-GLA square footage.
If a house has a finished area that does not have a ceiling height of 7’ for 50% of the finished area, e.g., some cape cods, in conformance with the ANSI Standard, the appraiser may put this area on a separate line in the Sales Comparison Grid with the appropriate market adjustment.In a room with a sloping ceiling, at least 50% of the finished square footage of the room must have a ceiling height of at least 7’ and no portion of the finished area that has a ceiling height of less than 5’ can be included in the GLA. Finished areas must have a ceiling height of at least 7’.The GLA calculation does not include openings to the floor below, e.g., two-story foyers.Basement is any space that is partially or completely below grade.Staircases are included in the GLA of the floor from which they descend.Measurements are taken to the nearest inch or tenth of a foot, and the final square footage is reported to the nearest whole square foot.Here are some items for appraisers to consider when using the ANSI standard
0 kommentar(er)
