The Cost Approach
The Cost Approach is no longer required by Fannie Mae!
The new form does not require the "cost" or "income" approaches, if the appraiser doesn't think it's necessary. Due to this development, we prefer not to perform the Cost Approach, if it is not needed. We understand that some companies continue to ask for it, for insurance purposes, but the Cost Approach cannot be relied upon for insurance purposes. With this in mind, please inform us if you do not need the Cost Approach. It will save us a lot of valuable time to omit this process. However, if it is needed, it is still a service that we provide.