So far, appraisers haven't had much guidance about how to handle short-term rental assignments. How do you appraise them? Are you supposed to estimate the income and put it on the 1007 form?

Stop what you're doing (especially if you're using the 1007), because we finally have some guidance. A recent Fannie Mae Update stated clearly:  "Form 1007 cannot be used to estimate the nightly fee for an STR."

Listen in as Bryan asks Fannie Mae chief appraiser, Lyle Radke, for more detail about how to appraise STRs.


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