FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022)

hud-4000-1-ii-a-standard

FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022).

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source:
  type: guide
  id: hud-4000-1-ii-a-standard
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022).
  coverage_tier: operative
obligations:
  - id: hud-4000-1-ii-a-standard-full
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    section: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022)
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    primary_source:
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      authority: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022)
      source_class: hud-handbook
      source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
      snapshot_id: 8c03836f77f317e1
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      paragraph_quote: 'a. Standard (05/09/2022) There are three valuation approaches as applied to one-to four-residential unit Properties and Manufactured Homes: • sales comparison approach; • cost approach; and • income approach to value. The Appraiser must consider and attempt all approaches to value and must develop and reconcile each approach that is relevant. If the Appraiser cannot find sufficient data to complete one or more of the approaches to provide a credible valuation, the Appraiser must explain the lack of inclusion of that approach and the effect on the valuation and credibility of the appraisal analysis.'

Verbatim regulatory text (1)

Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022) — 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.

FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022)

a. Standard (05/09/2022) There are three valuation approaches as applied to one-to four-residential unit Properties and Manufactured Homes: • sales comparison approach; • cost approach; and • income approach to value. The Appraiser must consider and attempt all approaches to value and must develop and reconcile each approach that is relevant. If the Appraiser cannot find sufficient data to complete one or more of the approaches to provide a credible valuation, the Appraiser must explain the lack of inclusion of that approach and the effect on the valuation and credibility of the appraisal analysis.

Source: FHA Single Family Housing Policy Handbook 4000.1, Part II — a. Standard (05/09/2022) · source URL · snapshot 8c03836f77f317e1