FHA 3.6

[sputnam]

Does USPAP state "you have to drive the comparables"? The answer is "No." We have had to deal with this argument for decades, and finally we are past it and can focus on what is really important in the appraisal report: market analysis, adjustment support, and coming up with a defensible opinion of value, not exterior property viewing of a home that is different from when it sold, photography, and hopefully we will remove the architect hat soon. Ugh. Let's put this nonsense to bed as a profession as we move into the future of valuation.

USPAP doesn't. The certification that you sign in most appraisal software says you, at minimum, viewed the exterior of the comparables from the public street.

 

[Non Sequitur]

Since this thread is a FHA question, i don't believe FHA will split the appraisal into 2 parts. What can they then say about MPR misses by the handy dandy inspection person.

There's a good chance MPRs are going away or will be gutted. FHA is working to "modernize" under Executive Order 14393. Think "modernization" will include language that leans toward PDCs? Check out the 9/22/2026 info release (bolding mine):

"FHA’s MPRs have long supported the safety and soundness of single-family homes FHA insures. However, these standards have not been updated in over two decades and no longer reflect current industry practices. The MPRs are dated, creating unnecessary burdens that increase housing costs, discourage industry participation, limit access to FHA insured financing - particularly for first-time and low- to moderate-income American homebuyers - and outweigh the benefits they provide.

This proposal seeks to modernize and strengthen FHA’s MPRs by aligning with industry standards, making it easier to do business with FHA, reorganizing MPR content and structure for ease of use, simplifying policy with more concise language, refining the scope of standards to reasonably necessary actions, and defining property eligibility and acceptability standards more clearly."

https://www.HUD.gov/HUD-partners/single-family-policy-drafts

https://www.HUD.gov/HUD-partners/single-family-FHA-info

 

[NC Appraising]

Does USPAP state "you have to drive the comparables"? The answer is "No." We have had to deal with this argument for decades, and finally we are past it and can focus on what is really important in the appraisal report: market analysis, adjustment support, and coming up with a defensible opinion of value, not exterior property viewing of a home that is different from when it sold, photography, and hopefully we will remove the architect hat soon. Ugh. Let's put this nonsense to bed as a profession as we move into the future of valuation.

Are you the same guy on the Facebook complaining about measuring homes? Lol. If it went your way, why not just use a avm with a pcr?

As for when it sold...being different. Ok...

Agent took photos and listed home on 03/2026. Sold 07/2026. You used that comp 08/2026. Which is more representative of the condition when it sold????? A month ago or 4 months ago. Unless I missed something and the agent updated the pics after it went under contract?

How about the heavily sloping rear yard. Or the noise from the nearby plant? Or the issues with the neighbors. Or the view. Not all can be changed by the agent or be seen with g maps.

Not saying this is you, but based on my experience that is a cop out. Like the Seinfeld episode with george...if you belive it it is true. Same with saying...it is a better representation of what the home looked like when it sold. ......ie, that is what I tell myself becuse I really didn't drive by it. But, it makes me feel better.

Ps...yes, homes do get remodeled after purchase...<10%. Still a cop out.