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FHA Extends Appraisal Validity Period

Appraiserblogs

On July 12, 2022, the FHA announced that it is extending the initial appraisal validity period from 120 days to 180 days and the appraisal update validity period from 240 days to one year. FHA Implements Revised Appraisal Validity Period Guidance Today, the Federal.

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McKissock Ditches PAREA

Appraiserblogs

This decision was made with the recognition that a higher cost would create a new barrier to entry into the appraisal profession, potentially hindering individuals from pursuing a career due to financial constraints. But the profession… The post McKissock Ditches PAREA appeared on Appraisers Blogs. Happy New Year to you and yours.

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Does Pre-Approval Affect Your Credit?

Assurance Financial

There can be circumstances that stand in the way of getting approved, such as an issue with the property’s title or a home appraised at less than the sale price. Usually, a pre-approval locks in the interest rate for a limited period, such as 90 days. That means you should find and buy a house within that period to get the rate.

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Appraising Short-Term Rentals/Airbnb

Appraisal Today

Debate on Appraising Short-Term Rentals. Excerpt: What can appraisers learn when it comes to short-term and long-term rentals? What role does an appraiser take when sorting between the two? What can appraisers learn when it comes to short-term and long-term rentals? I have been a commercial appraiser for over 40 years.