source:
  type: guide
  id: va-m26-7-ch10-t08
  authority: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 8 — Market
    Data Submitted During the Appraisal Process
  description: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 8 — Market
    Data Submitted During the Appraisal Process.
  coverage_tier: operative
obligations:
- id: va-m26-7-ch10-t08-full
  canonical_id: va-m26-7-ch10-t08-full
  section: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 10, Topic 8 — Market Data
    Submitted During the Appraisal Process
  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 10, Topic 8 — Market
      Data Submitted During the Appraisal Process
    source_class: va-handbook
    source_url: https://www.benefits.va.gov/warms/pam26_7.asp
    snapshot_id: 454f0e7af6f49c3b
    fetched_at: '2026-05-23T01:53:53Z'
    content_hash: sha256:0551eb031df071b1ef69a627ad29b5a2c41dc00e3e2b9ccd421133b2561fa57d
    paragraph_quote: '8. Market Data Submitted During the Appraisal Process Change
      Date March 11, 2019 • This chapter has been revised in its entirety. a. Notification
      from the Appraiser During the appraisal process, fee appraisers are required
      to notify the requester before completing the appraisal when it appears that
      the estimated market value will be below the sales price. The appraiser will
      allow 2-business days for the requester, or any parties to the transaction contacted
      by the requester, to submit any additional sales data that they wish to have
      considered. This process is known as the “Tidewater Procedure” as VA first piloted
      this procedure in the Tidewater area of Virginia. b. Comparable Sales Data For
      each potential comparable sale submitted, the following information should be
      provided: • street address, • sales price, • date of sale, • gross living area,
      • if the property was listed, a copy of the listing with details about the property,
      and • any other information to assist the appraiser in determining whether the
      sale could be used as a comparable property. It is the responsibility of the
      requester to provide sufficient information for the appraiser to analyze. c.
      Notation in the Appraisal If market data is submitted, the appraiser will note
      in the appraisal that this procedure was followed and include the following
      information: • street address of each sale submitted, • whether or not each
      sale was considered and, if not, the reason, and • the effect of the data, if
      any, on the opinion of value. Continued on next page VA Pamphlet 26-7, Revised
      Chapter 10: Appraisal Process 10-14 8. Market Data Submitted During the Appraisal
      Process, continued d. No Data Submitted If no market data is submitted, after
      2-business days, the appraiser will note in the appraisal that the Tidewater
      Procedure was followed and complete the appraisal report. e. Process is for
      Sharing Market Data Only This process is in no way to be considered as instruction
      to the appraiser to meet any preset value. VA Pamphlet 26-7, Revised Chapter
      10: Appraisal Process 10-15'
  judgment: false
