Residential Appraisal Report Writing

Job Type

  • Uniform Residential Appraisal (FNMA 1004)
  • 1007 Comaprable Rent Schedule
  • 216 Operating Income Statement
  • Exterior Only Residential Report (FNMA 2055)
  • Multi-Family Appraisal (FNMA 1025)
  • Condo Appraisal (FNMA 1073)
  • Appraisal Update/Recertification (FNMA 1004D)
  • FHA Conversion Appraisal Update
  • Land Appraisal
  • Manufactured Home (FNMA 1004C)
  • Mobile Home Appraisal
  • Co-op Appraisal (FNMA 2090)
  • Exterior Only Co-op Appraisal (FNMA 2095)
  • Exterior Only Condo Appraisal (FNMA 1075)
  • Field Review (FNMA 2000)

Types Of Value

  • Market Value
  • Value in Use
  • Investment Value
  • Liquidation Value
  • Assessed Value
  • Insurable Value
  • Going Concern Value

Forms of Depreciation

  • Physical
  • Functional
  • External

Appraisal Process

  • Define the Problem
  • Determine the Scope of Work
  • Collect and Verify Data
  • Analyze Data
  • Determine Site Value
  • Apply Three Approaches to Value
  • Reconcile Value Indication

Categorize Appraisal Data

  • Genral and Specific OR Primary and Secondary

Approaches to Value

  • Sales Approach
  • Income Approach
  • Cost Approach

Legal Description

  • Metes and Bounds
  • Government Rectangular Survey
  • Lot and Block System

Highest and Best Use

  • Legally Permissible
  • Physically Possible
  • Financially Feasible
  • Maximally Productive