General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 16 years ago,
Is the appraisal system changing?
I was told that lenders will no longer be able to choose the appraiser or give the appraiser a copy of the sales contract prior to the appraisal. My understanding is that when a lender needs an appraisal they would request one from a random pool that would then appraise the property without knowledge of the pending offer. Can anyone confirm this? If so when does this go into effect?