Does an appraisal include an engineers report or whole house inspection?
The appraiser is not a whole house inspector, engineer, architect, electrician, plumber, H.V.A.C. technician or contractor. The appraiser briefly walks through the house to get an idea of the general condition and room count. An appraisal is not a guarantee of condition. The appraiser will ask about any visible problems and those which may not be visible, and will do his/her best to gauge any impact on value attributable to those problems. You are encouraged to seek the advice of experts if you have any questions about the structural or mechanical aspects What is the difference between a short form report and the more traditional “Fannie Mae” (URAR) Uniform Residential Appraisal Report and other “lender” orientated reports? A “Fannie Mae” – URAR form report has many items required by the secondary mortgage lending market, that are not neccesarily needed in a simple report to find the market value. Both primarily rely on a direct sales comparison or market approach with a comparison gri
