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Multi-purpose supplemental addendum purpose & function of ... - s88344842 onlinehome

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The document is an appraisal report by Keystone Appraisal Services, LLC for the property located at 1195 Delpha Lane, Brownsville, Texas. It outlines the purpose of the appraisal, which is to estimate the market value of the property for lending purposes, specifically for eValue8 America. The report includes details about the appraisal process, data sources, comparable sales analysis, and certifications from the appraiser. The estimated market value of the property is determined to be $80,000 as of April 10, 2006.

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What is the purpose of the appraisal?

The appraisal gives you useful information about the property. It describes what makes it valuable and may show how it compares to other properties in the neighborhood. An appraisal is an independent assessment of the value of the property.

What is an appraisal addendum?

What is an appraisal contingency addendum? An addendum is a separate form that, once signed by the buyer and seller, becomes part of the sales contract. Appraisal contingency addendums are state-specific and allow buyers to move forward with their purchase under certain agreed-upon conditions.