Appraising 2-4 Unit Residences

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The appraisal of 2-4 unit residences poses unique and special challenges for appraisers. Many appraisers are not familiar with the appraisal methods and techniques used in appraising this type of property.  

Secondary mortgage market entities (Fannie Mae and Freddie Mac), and government agencies (FHA and VA) have specific requirements and guidelines for appraising this type of property. Furthermore, state appraisal enforcement agencies have identified 2-4 unit appraisals as an area where deficiencies are commonly found.

This course will provide appraisers with instruction on how to appraise 2-4 unit residences, and features numerous examples and case studies.