![]() ![]() This form is used to produce an individual condominium unit appraisal report. The 1073 form is probably the second most commonly used real estate appraisal form for residential properties. Here is a sample of a Form 1004 appraisal. This is the detached single-family residential form, as well as the townhouse appraisal form. It is typically used when a lender is ordering an appraisal for a refinance or purchase transaction. ![]() The 1004 is used when an appraiser is required to do an interior and exterior inspection. That is because it is the form for single-family residential properties. The 1004 appraisal form is probably the most common and widely used appraisal form for residential appraisers. Interior and Exterior Inspection Forms 1004 – Single-Family Residential Properties that are considered residential properties include: single-family homes, condominiums, mobile homes, and 2-4 unit properties.įannie Mae and Freddie Mac developed the following six forms in 2005. Residential forms are used for residential properties, and commercial forms are used for commercial properties. ![]() Inspection by Third Party (Not Appraiser)Īppraisal forms can be divided into a few categories, but the main two are residential and commercial forms. The following forms are the real estate appraisal forms most commonly used by real estate appraisers. The following is a list of the different types of appraisal forms that we appraisers typically use. When it comes to appraisal forms, there are a lot of them because each serves a specific purpose. Real estate appraisals can be done in a variety of ways, from forms to written narrative reports to even verbal communication of a value.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |