T,81,783,2,0,Agencies have required that the following information be
T,9,792,2,0,included in an Appraisal Report:
T,9,806,4,0,a)
T,25,806,4,0,Uniform
T,56,806,4,0,Standards of
T,107,806,4,0,Professional
T,153,806,4,0,Appraisal
T,190,806,4,0,Practice have been followed
T,25,816,4,0,and complied with.
T,25,829,4,0,The
T,43,829,4,0,Market
T,73,829,4,0,Value conclusion is the most probable price the property
T,25,839,4,0,should bring.
T,9,829,4,0,b)
T,9,853,4,0,c)
T,25,853,4,0,The format or forms used allow the reader to understand all conclusions
T,25,862,4,0,and analysis procedures and all supporting documentation used to arrive at
T,25,871,4,0,the value conclusion.
T,25,885,4,0,Prior
T,43,885,4,0,Sales are within 1 year on 1-4 family residential, within 3 years on all
T,25,895,4,0,other properties.
T,9,885,4,0,d)
T,9,908,4,0,e)
T,25,908,4,0,Analysis on current revenues, expenses and vacancies for continuing
T,25,918,4,0,income-producing properties.
T,325,783,4,0,f)
T,341,783,4,0,Marketing time is reasonably estimated, cash flow discounted for
T,341,792,4,0,marketing times over 12 months.
T,341,806,4,0,Current market trends affecting value are analyzed. g)
T,325,822,4,0,h)
T,341,822,4,0,Analysis of appropriate deductions and discounts for proposed
T,341,831,4,0,construction, partially leased or leased at other than market rent, or tract
T,341,840,4,0,developments with unsold units.
T,341,854,4,0,No direction was given to influence the appraiser. i)
T,325,870,4,0,j)
T,341,870,4,0,A legal description is included.
T,341,885,4,0,Any items not real property that impact the market value are identified and
T,341,895,4,0,valued.
T,341,908,4,0,A reasonable valuation method explains approaches to market values used
T,341,918,4,0,and not used.
T,325,908,4,0,l)
T,325,885,4,0,k)
T,1,1228,5,0,Copyright c 1992 by the National Association of Review Appraisers and Mortgage Underwriters, 8383 East Evans Road, Scottsdale, Arizona 85260-3614 USA.
T,547,1228,5,0,Review Form No. 2004
T,536,340,1,0,Sq.Ft.
T,476,311,1,0,Total
T,500,311,1,0,Bdrms
T,533,311,1,0,Baths
T,566,156,5,0,+(-) Adjustments
T,245,340,1,0,Sq.Ft.
T,185,311,1,0,Total
T,210,311,1,0,Bdrms
T,242,311,1,0,Baths
T,156,340,1,0,Sq.Ft.
T,96,311,1,0,Total
T,120,311,1,0,Bdrms
T,153,311,1,0,Baths
T,327,125,1,0, $
T,112,157,2,0,DESCRIPTION
T,391,340,1,0,Sq.Ft.
T,330,311,1,0,Total
T,355,311,1,0,Bdrms
T,387,311,1,0,Baths
T,540,573,1,0, $
T,492,157,2,0,DESCRIPTION
T,502,47,6,0,COMPARABLE NO. 3
T,357,47,6,0,COMPARABLE NO. 2
T,212,47,6,0,COMPARABLE NO. 1
T,117,47,6,0,SUBJECT
T,36,47,6,0,ITEM
T,5,156,2,0,VALUE ADJUSTMENTS
T,202,157,2,0,DESCRIPTION
T,275,155,5,0,+(-) Adjustments
T,93,109,1,0, $
T,395,109,1,0, $
T,347,157,2,0,DESCRIPTION
T,540,109,1,0, $
T,420,156,5,0,+(-) Adjustments
T,93,125,1,0, $
T,249,109,1,0, $
T,182,125,1,0, $
T,472,125,1,0, $
T,9,594,1,0,Comments on Sales Comparison:
T,395,542,1,0, $
T,249,573,1,0, $
T,540,542,1,0, $
T,490,542,1,0,+
T,199,542,1,0,+
T,344,542,1,0,+
T,249,542,1,0, $
T,395,573,1,0, $
T,1,1237,5,0,This form was reproduced by United Systems Software Company (800) 969-8727