10/26/2026
Did You Know? Residential Appraisal Reports Are Changing November 2, 2026!
If you're planning to buy, sell, or invest in real estate, there's an upcoming change to the appraisal process worth knowing about.
Beginning November 2, Fannie Mae and Freddie Mac are introducing a new reporting standard called UAD 3.6.
The updated format will provide more detailed and consistent information about a property's condition, construction quality, renovations, and other features.
So, what does this mean for you?
Buying a home? Appraisal reports will include more structured property information. During the transition, some appraisals may take longer to complete.
Selling a home? Having information about past renovations and improvements available can be helpful. Permits, renovation records, and other supporting documents may assist the appraiser, although receipts aren't automatically required for every improvement.
Investing in real estate? If your investment property is being financed through a loan subject to Fannie Mae or Freddie Mac appraisal requirements, the new reporting format may apply.
Will appraisals cost more?
Possibly. Industry professionals have raised concerns about additional reporting work and its potential effect on fees and turnaround times.
However, there is no mandatory fee increase. Appraisal costs will continue to vary depending on the property, location, complexity, and services provided.
The purpose of an appraisal remains the same. The update focuses on how property information is documented and reviewed.
Certain lenders may qualify for temporary exceptions to the November 2 implementation requirement.
Sources: Fannie Mae and Freddie Mac — UAD 3.6 Implementation Guidance (2026); Appraisal Institute — October 2026.
Yoann Revuelta | eXp Realty