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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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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.

appraisal review form 4002

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What appraisal form is used for 2 unit?

What is a Small Residential Income Property Appraisal Report (Form 1025)? This is the industry-standard appraisal report type for 2-4 unit residential properties. It is the most commonly used report format for two to four unit residential income property appraisals.

What is a 1025 appraisal form used for?

This report form is designed to report an appraisal of a two- to four-unit property, including a two- to four-unit property in a planned unit development (PUD).

What are the different types of appraisal forms?

There are four home appraisal types for the mortgage loan process. The four types are the full appraisal, exterior-only appraisal, the rental analysis, and the broker price opinion. A full appraisal is the most common type of appraisal.

What is required in an appraisal field review?

The review appraiser must, at a minimum: (1) read the entire appraisal report under review, (2) perform a visual inspection of the exterior areas of the subject property from at least the street, (3) inspect the neighborhood, (4) inspect each of the comparable sales from at least the street, (5) perform data research ...

What is an appraisal form 1073?

An Individual Condominium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in accordance with the UAD Specification.

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What does it mean appraisal is under review?

Is a review the same as an appraisal?

What is an appraisal form 1004?

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What appraisal form is used for 2 unit?

What is a 1025 appraisal form used for?

What are the different types of appraisal forms?

What is required in an appraisal field review?

What is an appraisal form 1073?

commercial appraisal review form 4002

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