Appraisal Conditions

Appraisal conditions are generally any repairs that will need to be done before the Appraiser will sign off on the appraisal they have completed. The home may have appraised to the contract price but the appraisal is unusable by the lender until the necessary repair conditions of the appraisal have been met. In short, lenders cannot submit the mortgage loan for final underwriting approval to close the sale until the appraisal is signed off by the Appraiser.