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Amount of Purchase Price Existence of Pending Sales Price Deed Restrictions Asking Price Covenants Conditions Restrictions Option Price Moratoriums Other Section III Location Analysis Does report Region Sum up and rate the above area City Identify and discuss important trends Neighborhood Identify nuisances or hazards Comment upon the descriptions and analysis of the following IMPROVEMENTS SITE Adequate description of physical features Yes No Attention given to Identification of encumbrances ...

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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 does it mean appraisal is under review?

Usually, this is a routine procedure that the original appraiser barely notices. Sometimes, the review appraiser will come back with requests for extra information, or doubts, that the original appraiser might find annoying.

Is a review the same as an appraisal?

However, there is a difference. Performance reviews tend to have a development bias while appraisals focus more on achievement of objectives \u2013 in reality we need to balance both, which is something the marketing jargon doesn't usually explain!

What is an appraisal form 1004?

A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.

How long does a field review appraisal take?

While Electronic Reviews are available at warp speed or usually in less than 30 min. and Desk Reviews can be performed usually within one day, Field Reviews, like appraisals, can take four or five days to complete, sometimes more.

What is appraisal review process?

An appraisal review serves as a tool in measuring the credibility of the report by determining whether it supports a relevant development process. The review serves as a test of reasonableness to see if the methods and techniques used are appropriate to the assignment.

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