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rental

  1. AppraizerZ

    Can I require the lender to add a 1007 Comparable Rent Schedule if the majority of homes in my subject's market area are rentals?

    Hey all, this is my first post, I hope it comes out coherently! My assignment: I was engaged to perform an appraisal on a FNMA 1004 form. The subject property is in close proximity to Arizona State University. In the subject's market area, the majority of comparable homes are rented as...
  2. AppraizerZ

    Can I require the lender to add a 1007 Comparable Rent Schedule if the majority of homes in my subject's market area are rentals?

    Hey all, this is my first post, I hope it comes out coherently! My assignment: I was engaged to perform an appraisal on a FNMA 1004 form. The subject property is in close proximity to Arizona State University. In the subject's market area, the majority of comparable homes are rented as...
  3. CoCat

    Rental Comp Photos On The 1007

    I was unable to find a recent post regarding rental comp photos so I figured I would post an updated thread. Fannie Mae Selling Guide as of 2018 states: Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable. The...
  4. V

    Appraising Weekly Vacation Rentals On The Outer Banks

    Hi Everyone. Soon I’ll be moving the Outer Banks — again..... I wasn’t a summer job/college kid type, on the OBX just for the summer, I lived there year round. My appraising career began after I moved away to an area that is not full of weekly rentals nor tourist seasons, actually none, only...
  5. MrSpokaneValue

    216 For Single Family New Construction?

    I'm doing a proposed construction of a new single family residence to be used as a rental income property near campus of the local University. Obviously the Income Approach to value is a necessary approach due to the high ratio of rentals in the area, but would you complete a 216 Operating...
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