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Get Ahead of Appraiser Required Repairs: How Sellers Can Avoid the Most Common Closing Killers

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It’s important to distinguish that appraisals are not intended to be a home inspection. While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards.

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Will My House Appraise for Its Selling Price? 10 Tips to Steer Clear of a Low Valuation

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FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Learn how different loan requirements can impact an appraisal. FHA and VA loans have stricter requirements for the appraisal, as well as different underwriting guidelines. Find an Agent.