Appraisal Buzz

MARCH 28, 2022

Appraising compliance with the American National Standard for Single-Family Residential Buildings. The FNMA requirement will take effect April 1, 2022. The FNMA requirement will take effect April 1, 2022. The standard does not prescribe what method of obtaining measurements is required.

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Appraisal Today

JULY 21, 2023

The value of a pool for Homes? July 18, 2023 By Ryan Lundquist Excerpts: Some areas have more pools than others Real estate is about location. That’s what we always hear. And, it’s true. Homes in different locations and price points tend to have different amenities, and that includes pools. What are buyers willing to pay? It was tricky.

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Cleveland Appraisal Blog

JANUARY 13, 2022

So, having a measure of skepticism can be a protection. “What’s the big deal about measuring the home we are appraising? But, it happens enough that it can create a little skepticism in the minds of an appraiser. I think our culture is becoming more skeptical and less trusting in general, which really saddens me. ADJUSTMENTS.

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Appraisal Today

OCTOBER 28, 2022

The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. There’s been a lot of buzz about measuring homes to ANSI standards in the appraisal industry–what can you tell us about the VA’s stance on ANSI? October 10, 2022. By Isaac Peck.

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Appraiserblogs

FEBRUARY 18, 2022

So what does Fannie Mae do? ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. Changes from Fannie Mae Fannie Mae has decided to make at least 2 significant changes.

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McKissock

FEBRUARY 15, 2022

In May 1996, I received the very first copy distributed to the public of The American National Standards Institute, Inc.’s, s, American National Standard for Single-Family Residential Buildings, SQUARE FOOTAGE-METHOD FOR CALCULATING: ANSI Z765. Why was I so aggressive in getting my hands on a copy of ANSI Z765?

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McKissock

DECEMBER 15, 2021

On December 15, 2021, Fannie Mae issued Announcement SEL-2021-11 which heralded a number of changes that were made to its Selling Guide. As of April 1, 2022, Fannie Mae will require appraisers to measure subject property improvements using ANSI Standard Z765-2021.

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McKissock

APRIL 4, 2022

As of April 1, 2022, Fannie Mae now requires appraisers to measure single-family properties in accordance with ANSI Standard Z765-2021. The PDF includes 19 FAQs, including this one on measuring condominium units: Q11. Does Fannie Mae require condominiums to be measured per the ANSI standard?

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Town & Country Residential Appraisals

JUNE 13, 2022

Fannie Mae started requiring appraisers starting on April 1, 2022 to measure all single family homes and condominiums using the ANSI Z765-2021 standards. In order to create less confusion and advertise the correct square footage, prior to listing your home, have an expert measure your home.

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Appraisal Today

NOVEMBER 10, 2023

Appraisers: Be Careful with Your Words Fannie: Words and Phrases in Appraisals Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!! A highlight of this exceptional home is its recently updated kitchen, completed in 2022.

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Appraisal Today

NOVEMBER 20, 2022

Fannie Mae Takes A Closer Look at Appraisals. Unfortunately, because many appraisals were rarely rejected or required corrections, appraisers developed the false notion that poorly crafted appraisals were okay to turn in. Sins of the Past Are Back to Haunt Appraisers. By Richard Hagar, SRA. Using only a single approach to value.

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Appraisal Today

JULY 22, 2022

Fannie’s New ANSI FAQS July 2022. Standardized Property Measuring Guidelines. In response to your feedback, we’ve updated the Standardized Property Measuring Guidelines with some new and substantively revised FAQs, including clarifications on the terms “declaration” and “statement of finished sq ft.”.

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Appraisal Today

MAY 5, 2023

Fannie’s New Appraisal Online Formats By Brent Owen Excerpts: To Be Or Not To Be (a form), That Is The Question The first thing to notice is that the ‘form’ isn’t really a form anymore. It is more of a complex decision tree or flow chart, where ‘yes/no’ questions trigger new sections and required data and supplements.

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