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The Uniform Residential Appraisal Report (URAR) is the most commonly used single-family appraisal form, and it is also known as Form 1004. Keep in mind that Form 1004C is used for appraising single-family manufactured housing, while Form 1073 is used for inium units.
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.
Appraisal reports that communicate either complete or limited appraisals may be presented in three formats: self-contained reports, summary reports, and restricted reports.
The main difference between a desktop appraisal form and the one used in a full appraisal is that the desktop form leaves out actions that require an in-person inspection. A full appraisal requires detailed notes about a propertys condition often accompanied by photos.
A 1004 Appraisal Report, also known as the Uniform Residential Appraisal Report (URAR), is a document used to estimate the market value of a single-family home. This report is commonly requested by lenders during conventional loan transactions to ensure the property is worth the loan amount being offered.
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The Fannie Mae 1004C and Freddie Mac 70B forms are appraisal forms that many lenders may require when requesting an appraisal for a manufactured home. Many real estate appraisal CE schools are offering classes to assist the appraiser with the completion of this form.
While a CMA is a fairly casual process driven by an agents experience and instinct, an appraisal is a formal valuation. Rather than being driven by the selling process, an appraisal occurs on the buyers end, and its typically driven by the needs of the mortgage lender.
1004 - (URAR) Uniform Residential Appraisal Report - One Unit (Single Family) appraisal with an interior and exterior inspection. 1004C - Manufactured Home Appraisal Report - One Unit manufactured homes (mobile home) based on an interior and exterior property inspection.

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