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Appraising New Construction

Appraisal Today

6 Tips for Appraising New Construction Homes Excerpts: Lenders, FHA, and the GSEs (Fannie Mae and Freddie Mac) treat new construction a little differently. When appraising new construction homes, certain factors that don’t always apply to existing dwellings must be considered. I finally quit doing them – too much hassle.

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Top 10 Things Appraisers Wish Real Estate Agents Understood

McKissock

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” .” “How value is derived.”