can an appraiser on a conventional loan require repairs for peeling paint?

Asked by Charlie, Yakima, WA Sun Sep 11, 2011

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Aaron Schrei…, Other Pro, Leavenworth, WA
Wed Sep 14, 2011
Peeling paint can be a concern that a home inspector would bring up. Does your potential home have this issue?
Web Reference:  http://www.amsinspection.com
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Christopher…, Agent, Tarrytown, NY
Sun Sep 11, 2011
Hi, The appraiser should only make a recommendation and the bank should be the one asking since they are funding the loan. It depends on the type of loan you are getting, some may have strict rules on possible lead based paint issues. Peeling paint is one of the ways the paint can cause harm (if ingested, etc).

Chris
Web Reference:  http://raveis.com/chrispagli
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Michael Cheng, Agent, San Jose, CA
Sun Sep 11, 2011
That sounds like an unconventional request from an appraiser. Typically, appraiser are hired to contribute an opinion on the probable market value of a property. That should be all. Only an inspector would make recommendations for certain repairs to be completed, sometimes to meet regulatory requirements and other times for aesthetic or functional reasons.
Web Reference:  http://www.archershomes.com
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