appraiser Article Collection

Q&A: Fannie Mae and the Cost Approach

Q&A: Fannie Mae and the Cost Approach

We often receive questions from appraisers regarding Fannie Mae and the cost approach. For example: “I’m appraising a property and have been instructed to comply with Fannie Mae guidelines. I understand that Fannie Mae requires the sales comparison approach, but what if there aren’t…

The 5 Biggest Myths About Appraisal

There’s a lot of confusion around the appraiser’s role in a real estate transaction. Many people don’t understand what an appraisal is or what an appraiser does. This has lead to a number of myths surrounding the profession. We recently asked our appraisal community,…

Fannie Mae Freddie Mac 1094 selling guide

Freddie Mac Officially Eliminates 1004MC Requirement

On August 29, Freddie Mac released Bulletin 2018-13 which officially confirmed what almost everyone had already suspected—they are following Fannie Mae’s lead in eliminating the requirement for appraisers to include the 1004MC (Freddie Mac Form 71) as an attachment to appraisal reports.   In…

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