FHA appraisal on condo

Our buyer switched their financing to FHA in hopes to get a reverse mortgage. Now we have to have an appraisal on our condo (which we didn’t before) and I am super nervous! The buyer waived an inspection so that’s one thing we don’t have to worry about but I’m nervous about the appraisal coming in low. There’s nothing glaringly wrong besides maybe some cosmetic things but I’ve been reading that the fha appraisal process is much more strict than conventional so I’m just super nervous. Anything I should be expecting or am I overthinking?

submitted by /u/writethe
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Our buyer switched their financing to FHA in hopes to get a reverse mortgage. Now we have to have an appraisal on our condo (which we didn’t before) and I am super nervous! The buyer waived an inspection so that’s one thing we don’t have to worry about but I’m nervous about the appraisal coming in low. There’s nothing glaringly wrong besides maybe some cosmetic things but I’ve been reading that the fha appraisal process is much more strict than conventional so I’m just super nervous. Anything I should be expecting or am I overthinking? submitted by /u/writethe [link] [comments]

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