|
Appraisal Overview
|
|
An appraisal is an inspection of land or real property done by a state licensed or certified real estate appraiser. The appraiser uses specific information to determine the market value of the property.
|
|
What cfacts offers:
|
|
|
Fannie Mae form
|
Freddie Mac form
|
|
Uniform Residential Appraisal Report (URAR) |
1004 |
70 |
|
A market analysis and estimate of the value of single-family properties and PUD
units that secure conventional first or second mortgages. Based on an interior
and exterior inspection. Photographs of the subject front, rear, and street
scene, as well as all comparables, provided.
|
 |
Individual Condominium Appraisal Report |
1073 |
465 |
|
A market analysis and estimate of value for an individual condominium unit that
secures a conventional mortgage. Based on an interior and exterior
inspection. Photographs of the subject front, rear, and street scene, as well
as all comparables, provided.
|
 |
Quantitative Analysis - Interior/Exterior |
2055 |
2055 |
|
An interior and exterior inspection is used to form a quantitative sales
comparison analysis. The appraiser assigns a dollar value to reflect
the market's reaction to any features of a comparable sale that differ from
those of the subject property. Includes photographs of the subject property, a
map detailing the location of the subject and comparable properties, and
sketches as required.
|
 |
Quantitative Analysis - Exterior Only |
2055 |
2055 |
|
An exterior-only inspection is used to form a quantitative sales
comparison analysis. The appraiser assigns a dollar value to reflect the
market's reaction to any features of a comparable sale that differ from those of
the subject property. Includes a photograph of the front scene of the subject
property, and a street map detailing the location of the comparable properties.
|
 |
Automated Valuation Model (AVM) |
|
|
|
An estimated property value with descriptive characteristics and up to 3 comparable sales within the subject property’s jurisdiction. No physical inspection of the property is made. Rather, the valuation is based on an analysis of similar properties as reported by various databanks, including the assessor's office. This product is not to be considered an appraisal of the subject property.
|