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The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects.
What is the most commonly used land appraisal form?
The most commonly-used land appraisal report form in the United States is the Uniform Residential Appraisal Report (URAR), also known as Form 1004. This form is used by appraisers to evaluate residential properties, including land.
What is the most common appraisal report?
The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal.
What is appraisal form 1073?
Form 1073. Form 1073 is the second most commonly used property appraisal form for residential properties. This form is used for appraising iniums. Essentially, it is the same form as Form 1004 and also serves the same purpose.
What is form 1073 used for?
The main purpose of a 1073 Appraisal is to provide an unbiased and professional estimate of the fair market value of a inium, cooperative unit, or Planned Unit Development (PUD). This information is typically used by lenders to help determine the maximum loan amount they are willing to lend on a property.
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