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Seller's Information for Appraiser provided to Buyer - Illinois

Seller's Information for Appraiser provided to Buyer - Illinois 2026

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The document is an information form for appraisers, designed to collect essential details about the property and its owner for appraisal purposes. It includes sections for owner information, property details, known liens, and the purpose of the appraisal, such as selling or refinancing.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Owner Information. Fill in your Name, Address, City, State, Zip code, Work Phone, Home Phone, Fax, and E-mail. Ensure all details are accurate for effective communication.
Next, provide the Property Information. Enter the Property Address and indicate whether this is a Residential Appraisal by selecting 'YES' or 'NO'. If available, include a brief Property Description; you can attach additional documents if necessary.
In the Known Liens section, list any Lender (Lien Holder), along with the Date and Amount Owed. This information is crucial for transparency during the appraisal process.
Finally, specify the Purpose of Appraisal (e.g., Selling, refinance). This helps clarify your intentions regarding the property.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What information should a listing agent leave for an appraiser?

Provide Comps and Explanations Appraisers dont know the backstories behind the neighborhood sales. Inform the Appraiser of distressed sales due to job loss, divorce, death, etc.. Leave any information about neighboring houses that may be relevant.

Should I share an appraisal report with a seller?

Once the borrower receives the appraisal report from the lender, they can share it with their agent, the seller, or whomever they please. In a Divorce situation. If one party orders the appraisal, that party is in control of who has access to the final report.

Which of the following is required information in a private appraisal report?

Letter report. The report consists of a brief description of the property, the type of value sought, the purpose served by the appraisal, the date of value, the value opinion and the signature of the appraiser.

Is an appraisal confidential?

The Confidentiality Section of the Ethics Rule of USPAP and the Appraisal Institute Code of Professional Ethics provide that an appraiser must not disclose confidential information or assignment results to anyone other than the client and persons specifically authorized by the client; state enforcement agencies and

What information does an appraiser need?

U An appraiser will review recent sales and listings of comparable properties. Comparables are recently sold or listed properties that have similar utility, quality, age and amenities as the subject property and are located in the subject propertys market area.

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Can a buyer get a copy of the appraisal?

Yes. The Federal Equal Credit Opportunity Act requires lenders to automatically send you a free copy of home appraisals and all other written valuations on the property after they are completed.

Does the buyer have to show the seller the appraisal?

The seller often does not generally get a copy of the appraisal, but they can request one. The CRES Risk Management legal advice team noted that an appraisal is material to a transaction and like a property inspection report for a purchase, it needs to be provided to the seller, whether or not the sale closes.

Seller's Information for Appraiser provided to Buyer - Illinois 2026

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