CoCat
Freshman Member
- Joined
- Oct 26, 2015
- Professional Status
- Certified Residential Appraiser
- State
- Colorado
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 subject and all comparables must be appropriately identified. Acceptable photographs include original images from photographs or electronic images, copies of photographs from a multiple listing service, or copies from the appraiser’s files. Photographs of comparable rentals utilized in the Small Income Residential Appraisal Report (Form 1025) are not required.
Are rental comp photos on the 1007 required then? Since Fannie changed the language from "Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each sold comparable" to "Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable [the word sold has been removed]" - does that mean rental comps are included in this, unless they are on the 1025? Or are they specifying rental comp photos are not required EVEN on the 1025?
Do you typically provide rental comp photos without being asked? Are they original or not? Do you charge extra for the photos?
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 subject and all comparables must be appropriately identified. Acceptable photographs include original images from photographs or electronic images, copies of photographs from a multiple listing service, or copies from the appraiser’s files. Photographs of comparable rentals utilized in the Small Income Residential Appraisal Report (Form 1025) are not required.
Are rental comp photos on the 1007 required then? Since Fannie changed the language from "Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each sold comparable" to "Clear, descriptive photographs showing the front, back, and a street scene of the subject property and the front of each comparable [the word sold has been removed]" - does that mean rental comps are included in this, unless they are on the 1025? Or are they specifying rental comp photos are not required EVEN on the 1025?
Do you typically provide rental comp photos without being asked? Are they original or not? Do you charge extra for the photos?
