Fannie Mae does not require that the utilities serving the property be turned on prior to inspection for an appraisal. Of course, your buyers may have a different opinion!

Question:  Fannie Mae – Utility Accessibility – Appraisals: Will Fannie Mae lend on a property where the utilities were not turned on at the time of the appraisal inspection? Answer: Yes. Fannie Mae does not require that the utilities that serve the property be turned on at the time of the inspection. See Question #23 […]

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