Conventional vs. FHA/VA appraisals

[residentialguy]

Yes. It needs to be clear to anyone reading your report what you did, and did not inspect. Lines 427-432 of USPAP cover it quite clearly.

Thanks Couch...I'll get more specific and at those to "the list"

 

[Mike Garrett RAA]

What standard of inspection in USPAP?

It would make sense for all appraisers to use the same level of inspection regardless of the type of loan.

I prefer not to do FHA appraisals because I believe FHA puts too much on the appraiser when it comes to inspections. I am not a home inspector. Remember the VC sheets?

Things I don't know and really don't want to know...

is the electrical service adequate?

does the furnace work properly?

are there foundation problems?

are there environmental problems?

is the septic system adequate?

is the well 75 feet from the leech field?

are there 3 or more years remaining life for the roof?

Just to name a few.