Editor’s Note: Appraiser Pat Butler shares little-known but common measuring mistakes, reveals why two competent appraisers might produce varying sketch measurements and provides the best ways to reconcile the differences. Everything You Don’t Know about Measuring (Really) By Patrick J. Butler An important part of the appraisal review process performed by relocation companies and others...…
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Measuring Up: Understanding ANSI Standards By Scott Austin “Would you mind going back to the house and re-measuring? There is more than a five percent difference in GLA (gross living area) between your sketch and that of the other appraiser.” I received this question from a specialist with a large relocation company. As per Employee…
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A common issue in residential appraising is construction which has not been issued an appropriate building permit by the jurisdictional authority. Here’s how to handle this sometimes difficult situation.
Examples of this issue include: additions and detached guesthouses; and garages that have been modified for use as a living area. One needs only to peruse online…
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My last article discussed choosing comparable sales in a tough market. As was discussed in that article, in today’s market, it is very difficult to obtain comparable sales and listings that best reflect comparison to the subject. Some sales and/or listings might be older but more similar to the subject; others may be…
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