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Transactions Under $400K No Longer Need An Appraisal

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Appraisals will no longer be required on certain home sales of $400,000 and under.

Federal Reserve signs off on appraisal rule change, making change official.

The appraisal threshold was last increased in 1994 when regulators approved an increase from $100,000 to $250,000.

And now, in a matter of days, the appraisal threshold will be increased from $250,000 to $400,000.

Sean Reynolds

Sean Reynolds

The Owner and Designated Managing Broker of Summit Properties NW and Reynolds & Kline Appraisal.

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