Urar 2026

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The document is a Uniform Residential Appraisal Report for the property located at 1757 Citadel Street, Anywhere, IL. It provides an assessment of the property's market value, which is determined to be $273,000 as of September 1, 2011. The report includes details about the property, neighborhood characteristics, comparable sales data, and market conditions. It highlights that the property is in good condition with recent renovations and is situated in a residential area with stable housing trends. The appraisal aims to assist the lender/client in evaluating the property for mortgage financing.

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Click ‘Get Form’ to open the URAR in the editor.
Begin by entering the property address, including city, state, and zip code. This information is crucial for identifying the subject property.
Fill in the borrower and owner details. Ensure that names are spelled correctly to avoid any discrepancies.
Complete the neighborhood section by providing relevant data such as neighborhood name and characteristics. This helps in assessing market conditions.
In the improvements section, detail the condition of the property, including any recent renovations or repairs. Use our platform's commenting features to add notes if necessary.
Review all entries for accuracy before saving your work. Utilize our platform’s tools to check for any missing fields or errors.

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What is the intended use of the Uniform Residential Appraisal Report?

The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.

What does the URAR show?

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.

What is the purpose of the Uniform Residential Appraisal Report?

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 is the purpose of the URAR?

A Uniform Residential Appraisal Report or URAR is one of the most common forms used in United States real estate appraisals. It was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an accessory unit.

Why do appraisers use the Uniform Residential Appraisal Report Quizlet?

What describes why the appraisal report form is used by appraisers? The form standardizes the information provided to support the appraisers opinion of market value.

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What is the purpose of the home appraisal report?

A lender uses an appraisal not only to assess the value of the property, but also to determine such things as your interest rate, required down payment, and whether you will be approved for the loan.

Urar 2026

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