09/22/2026
🏡 BIG CHANGES ARE COMING TO HOME APPRAISALS
Beginning November 2, 2026, a major change to appraisal reporting for Fannie Mae and Freddie Mac conventional loans takes effect, the largest overhaul to the appraisal reporting process in more than 15 years.
What could this mean for buyers and sellers?
🔑 The appraisal format is being completely redesigned
📊 Reports will contain significantly more structured property data
🏠 Property condition and improvements will be documented in much greater detail
🔍 Value adjustments will require stronger data support and explanation
📄 Reports may be considerably longer and more detailed
🤖 Automated technology will perform additional checks on appraisal data, which could lead to more questions or revisions
⏰ Industry professionals are preparing for potentially longer appraisal turnaround times, especially during the transition
💰 Appraisal costs may also increase as appraisers adjust to the additional reporting requirements
One of the biggest changes? The new reports are designed to provide a much deeper look at the property itself, including condition, improvements, rooms, and other characteristics that can affect value.
For buyers: allow plenty of time for financing and appraisal and be prepared for the possibility of higher appraisal costs.
For sellers: accurate property information, improvement history, permits, documentation, and overall condition may become even more important.
The goal is better data, greater consistency and more transparency, but with a change this significant, there will likely be a learning curve throughout the industry.
At The Six Realty, we’re staying ahead of the changes so we can help our clients know what to expect before they get to the closing table.
