Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements
Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements
B4-1.4-03, Condo Appraisal Requirements (04/15/2014) Introduction This topic contains information on special appraisal considerations for units located in condo projects, including: Overview Appraisal Requirements for Units in a Condo Project Overview A condo project is one in which individual owners hold title to units in the project along with an undivided interest in the real estate that is designated as the common area for the project. Appraisal Requirements for Units in a Condo Project The appraisal of an individual unit in a condo project requires the appraiser to analyze the condo project as well as the individual unit. The value and marketability of the individual units in a project depend on the marketability and appeal of the project itself. Therefore, the appraiser must pay special attention to the location of the individual unit within the project, the project amenities, and the amount and purpose of the owner’s association assessment. See B4-1.3-08, Comparable Sales, for general requirements regarding comparable selection. Recent Related Announcements There are no recently issued Announcements related to this topic. Published May 6, 2026 601