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How should appraisers approach short-term rentals?

DataMaster

In 2018, the GSEs changed policy to allow hosts of Airbnb, VRBO, Vacasa… etc. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new. If only it was that simple.

Appraisal 148
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How should appraisers approach short-term rentals?

DataMaster

In 2018, the GSEs changed policy to allow hosts of Airbnb, VRBO, Vacasa… etc. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. The purchase of real property for the purpose of investment is not new. If only it was that simple.

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Appraisal Value Vs. Sale Price

Appraisal Today

Value is defined in the Uniform Standards of Professional Appraisal Practice (USPAP) as: “The monetary relationship between properties and those who buy, sell, or use those properties, expressed as an opinion of the worth of a property at a given time. Unlike value, price is not an opinion. What is Sale Price?

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What Do Appraisers Look For in a Sales Contract?

Appraisal Today

To read many practical tips, click here My comments: Worth reading. Fannie Update: Uniform Appraisal Dataset (UAD) and Forms Redesign Excerpt from 3-29-23 email The Uniform Appraisal Dataset (UAD) and Forms Redesign has taken a big step with the release of the implementation resources.