source:
  type: guide
  id: fnma-sel-b4-1.4-03
  authority: Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements
  description: Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements.
  coverage_tier: operative
obligations:
- id: fnma-sel-b4-1.4-03-full
  canonical_id: fnma-sel-b4-1.4-03-full
  section: Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B4-1.4-03 — Condo Appraisal Requirements
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B4-1.4-03, Condo Appraisal Requirements (04/15/2014) Introduction
      This topic contains information on special appraisal considerations for units
      located in condo projects, including: Overview Appraisal Requirements for Units
      in a Condo Project Overview A condo project is one in which individual owners
      hold title to units in the project along with an undivided interest in the real
      estate that is designated as the common area for the project. Appraisal Requirements
      for Units in a Condo Project The appraisal of an individual unit in a condo
      project requires the appraiser to analyze the condo project as well as the individual
      unit. The value and marketability of the individual units in a project depend
      on the marketability and appeal of the project itself. Therefore, the appraiser
      must pay special attention to the location of the individual unit within the
      project, the project amenities, and the amount and purpose of the owner’s association
      assessment. See B4-1.3-08, Comparable Sales, for general requirements regarding
      comparable selection. Recent Related Announcements There are no recently issued
      Announcements related to this topic. Published May 6, 2026 601'
  judgment: false
