Appraisals

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It’s official: Appraisals are no longer required on some home sales of $400,000 and under

Oct 08, 2019By

Beginning Oct. 9, 2019, certain home sales of $400,000 and under will no longer require an appraisal. Under previous rules that have been in place since 1994, appraisals were not required on all home sales of $250,000 and below, but last year, federal regulators proposed increasing the appraisal threshold for the first time in 25 years.