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Click ‘Get Form’ to open the uniform residential appraisal report example in the editor.
Begin by filling out the property information section, including the address, city, state, and zip code. Ensure accuracy as this data is crucial for the appraisal process.
Next, move to the borrower details section. Input the borrower's name and contact information. This helps in identifying who is requesting the appraisal.
Proceed to the property description area. Here, you will need to provide details about the type of property, its condition, and any unique features that may affect its value.
Finally, review all entered information for completeness and accuracy before saving or exporting your document. Utilize our platform’s tools to sign or share your completed report seamlessly.

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Why do appraisers use URAR?

Appraisers: Appraisers use the URAR to communicate their appraisal findings, detailed information about the propertys characteristics, any relevant data, and analysis that support the appraisers conclusions. Lenders: Lenders use the URAR to assess the value of a property used as collateral for a mortgage loan.

What does the URAR show?

URAR includes details about the subject property, such as its location, lot size, building size, construction quality, and condition. It also includes information on comparable sales in the area, which are used to determine the subject propertys market value.

What are the 3 types of appraisal reports?

Appraisal reports that communicate either complete or limited appraisals may be presented in three formats: self-contained reports, summary reports, and restricted reports.

What are the red flags on an appraisal report?

What are FHA Appraisal Red Flags? An FHA red flag is any safety hazard, health hazard, or deteriorating element of a home that would jeopardize financing. While one red flag might be linked with a homes backed-up sewage system, another homes red flag might be a crumbling foundation.

Why would an appraiser use the cost approach?

The cost approach can be used to appraise all types of improved property. It is the most reliable approach for valuing unique properties. The cost approach provides a value indication that is the sum of the estimated land value, plus the depreciated cost of the building and other improvements.

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