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What is the difference between 1004 and 1073 appraisal?

For a detached unit in a condo project that includes a mixture of both attached units and detached units, the condo appraisal Form 1073 must be used even when the subject unit is a detached unit. The appraiser may only use Form 1004 for a detached condo unit when the project consists solely of detached units.

What are the 3 types of appraisal reports?

In addition to these two types of appraisals, there are three types of report formats: self-contained, summary, and restricted.

What is the difference between 1004 and 1025 appraisal form?

Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for condominium units. On the other hand, Form 1025 is for small multi-family investment properties.

What appraisal method is used for land?

The Market (Sales Comparison) approach to appraisal is utilized in determining the actual value of both Vacant and Residential land, appraised if vacant. The Market approach uses sales of other similar properties within defined economic areas.

What is the difference between 1075 and 2055 appraisal?

Readers will note that the 2055 is designed to report appraisals of one unit properties or one unit properties with accessory units while the 1075 form is designed to report appraisals of a unit in a condominium project or a condominium unit in a planned unit development.

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What is the most commonly used land appraisal form?

The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal.

What are the appraisal forms?

An appraisal form is a document that managers and human resources staff use to evaluate the performance of employees. The form often includes ratings and room for comments on performance. On an appraisal form, managers keep track of employees achievements and contributions during a specific period.

What is the 2055 form for appraisal?

Exterior-Only Inspection Residential Appraisal Report Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached Condominium Unit or a 1-unit property with an accessory unit.

What is a 1075 appraisal form?

Exterior-Only Inspection Individual Condominium Unit Appraisal Report (Form 1075) This report form is designed to report an appraisal of a unit in a condominium project or a condominium unit in a planned unit development (PUD) based on an exterior-only inspection of the subject property from at least the street.

What is a form 1007 or form 1025?

returns, one of the following Fannie Mae forms must be used to support the. income-earning potential. One-unit properties: Single-Family Comparable Rent Schedule (Form 1007) For two-to-four unit properties: Small Residential Income Appraisal Report (Form 1025)

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