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Updated over 8 years ago,
HUD Appraisals
Hi all, I'm a new investor working on my first deal. I am going with USDA funding and I am at a point where they want to send the HUD appraiser out. Since I've already had the home inspection, I have a laundry list of needed improvements. With that said my question is:
What specifically does a HUD appraiser look for during the appraisal?
I don't want to go and fix everything on the list from the home inspection if I don't have to. But I also don't want to have the appraiser find something that needs to be fixed because the property is being sold "as-is" and the bank won't make any repairs. Let me know if it's easier to list the specific repairs that I have questions about and I will!