source:
  type: guide
  id: va-m26-7-ch11-t22
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant
    Land Appraisals
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant
    Land Appraisals.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch11-t22-full
  canonical_id: va-m26-7-ch11-t22-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant Land
    Appraisals
  type: do
  tags:
  - regulator-direct
  - va
  - va-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 11, Topic 22 — Vacant
      Land Appraisals
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: faa7d8c84a0580f3
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:960cb068c0b142cd1bb4a0e38f29c6c5b725d24095781b92c663a83e9fd36263
    paragraph_quote: '22. Vacant Land Appraisals Change Date February 22, 2019 • This
      Chapter has been revised in its entirety. a. Liquidation Appraisals A vacant
      land appraisal may be needed for a liquidation appraisal if there are no improvements
      on the land or if the improvements have no contributory value. b. Appraisal
      Requirements The appraiser must provide a written narrative format or a commercially
      available vacant land appraisal form. Like all VA appraisals, the appraisal
      must meet USPAP. The appraisal report must include: • property address • legal
      description • owner of record • assessment and property tax information • property
      rights appraised • site size • zoning • highest and best use • shape • topography
      • drainage • availability of utilities • flood zone information • estimated
      cost of razing any existing improvements which must be considered in market
      approach • comparable sales grid with three comparable sales, adjusted to indicate
      the estimated market value of the subject property • Assumptions and Limiting
      Conditions, and Appraiser Certifications'
  judgment: false
