Changes to Appraisal Report
One flexible report replaces the familiar fixed forms. The report adapts to the property type and its features, so it may look different from appraisals clients have seen before.
More detailed property information is recorded. Appraisers document features such as individual levels, rooms, improvements, amenities and site characteristics in greater detail.
Photos and supporting information have more defined reporting requirements. The redesigned report specifies which images are required, required with certain circumstances, or optional
Impact on REALTORS®
Explain the new appearance without treating it as a sign of a problem.
Provide clear facts about improvements, including what was done and when. “Updated kitchen” is less useful than a dated description of work.
Help clients know what to expect at the appointment and respond promptly if an appraiser requests factual information about a property or past sale.
Buyers and sellers may receive a less familiar-looking report, but the appraiser’s responsibility to determine value remains the same.
Sellers should be ready to share records of renovations and allow for a potentially longer property visit. More detail does not automatically mean a higher appraisal value.
A visit may involve more documentation than they expect; the homeowner should ask the lender/appraiser about any access or preparation needs for their specific assignment.
For more practical guidance, read NAR’s article: “Appraisal Ready: What Agents and Brokers Can Do Now for UAD 3.6.”
Post and Present like a Pro: Video calls. Phone calls. Or no calls at all. No matter how you stay connected with your clients, these tools make it simple and fun to communicate when you’re not in-person.
CCAR is proud to be a RESO Platinum Certified MLS, the highest level of certification available.
