10/01/2026
🏠 Big Changes Are Coming to Home Appraisals
Effective Nov 2, 2026
***MUST READ**
this is Important for buyers and sellers
The appraisal process is getting a major update. This is the biggest change to appraisal reporting in more than 15 years, and while most of the changes happen behind the scenes, there are a few things home buyers should know.
Here’s the simple version:
📋 Appraisals will be much more detailed.
The new reports will contain significantly more information about the home, including its condition, quality, rooms, improvements, and potential issues.
🔎 More information means more questions.
The new system will use technology and AI to review the information in the appraisal. If something doesn't make sense or needs more support, the appraiser may have to go back and provide additional information.
🏡 The good AND the bad will be easier to see.
Property defects, maintenance issues, and areas that need improvement will be more clearly documented. The condition of the home will be broken down in much more detail, including the interior and exterior.
💰 Appraisals may cost more.
Because appraisers will have significantly more work to do, appraisal fees are expected to increase. Depending on the property, buyers could see fees increase by $150, $200, or more. More complex homes, including multi-unit properties, may cost even more to appraise.
⏰ Appraisals may take longer.
Instead of the turnaround we may be used to, appraisals could take 7–10 days or longer depending on the appraiser, property, and location.
📊 Home values will need stronger support.
Appraisers will need to provide more data to support the home's value and explain why adjustments are being made. In other words, they can't simply say, “This home is worth X.” They need to show the data that supports that conclusion.
🛠️ Your home's condition will matter.
The new reports will provide much more detail about the quality and condition of the property. Things like updates, deferred maintenance, and the condition of individual rooms will receive more attention.
🔄 There may be more back-and-forth.
Because the new system will identify questions or missing information, appraisers may have to make more revisions before the report is complete.
So, what does this mean for buyers?
Don't panic! This doesn't necessarily mean your home won't appraise. It simply means the appraisal process is becoming more detailed, more data-driven, and potentially more time-consuming and expensive.
For buyers, the biggest takeaway is to build a little more time and money into your home-buying process and understand that the appraisal may take longer than you're used to.
One more thing: FHA, VA, and USDA loans are not requiring the new format yet, but that is expected to change in the future.