Desktop Appraisal Report Form PDF Details

In the realm of mortgage finance transactions, the Desktop Appraisal Report form plays a pivotal role, offering a comprehensive analysis tailored specifically for lender or client use. Created by Great Northwest Property Analysts, this structured document meticulously reports on various elements crucial to appraising a property’s value accurately. At its core, the form focuses on the subject property, detailing aspects such as location, legal description, current occupancy, and the financial obligations tied to the property like taxes and homeowner association fees. It ventures beyond mere descriptions, diving into the neighborhood's characteristics, zoning compliance, utilities, and site improvements, ensuring a holistic view of the property's context. Furthermore, it addresses the property's conformity within its neighborhood in terms of style, condition, and any potential environmental hazards that could impact value. Through a quantitative sales comparison analysis, the appraiser provides a market value estimation, drawing upon a range of comparable sales data, adjustments for financing or sales concessions, and addressing any special conditions affecting the appraisal. This extensive procedure underscores the rigorous standards upheld by appraisers to furnish an impartial and precise valuation, pivotal for guiding mortgage finance decisions. The document concludes with an appraiser certification, emphasizing integrity, unbiased analysis, and adherence to professional standards, ensuring trust in the appraisal's conclusions.

QuestionAnswer
Form NameDesktop Appraisal Report Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other nameshow to analysis appraisal report, fannie 2055, 1-800-ALAMODE, Bdrms

Form Preview Example

PAGE #1

Great Northwest Property Analysts (206) 392-4627

Desktop Underwriter Quantitative Analysis Appraisal Report

File No.

THIS SUMMARY APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT FOR A MORTGAGE FINANCE TRANSACTION ONLY.

SUBJECT

Property Address

 

 

 

 

City

 

 

 

 

State

Zip Code

 

 

 

Legal Description

 

 

 

 

 

 

 

 

 

County

 

 

 

 

 

 

Assessor's Parcel No.

 

 

 

 

Tax Year

 

R.E. Taxes $

 

 

Special Assessments $

 

 

 

Borrower

 

 

 

Current Owner

 

 

Occupant

 

 

Owner

 

 

Tenant

 

Vacant

 

 

 

 

 

 

 

 

 

 

Neighborhood or Project Name

 

 

 

 

Project Type

 

PUD

 

 

Condominium

 

HOA $

 

/Mo.

 

 

 

 

 

 

 

 

 

Sales Price $

 

Date of Sale

 

 

Description / $ amount of loan charges/concessions to be paid by seller

 

 

 

 

 

 

Property rights appraised

 

Fee Simple

 

Leasehold

Map Reference

 

 

 

 

Census Tract

 

 

 

 

 

 

NEIGHBORHOOD

Note: Race and the racial composition of the neighborhood are not appraisal factors.

 

Location

 

Urban

 

Suburban

 

Rural

Property values

 

Increasing

 

Stable

 

Declining

Single family housing

Condominium housing

 

 

 

 

 

 

 

PRICE

 

AGE

PRICE (if applic.)

AGE

 

Built up

 

Over 75%

 

25-75%

 

Under 25%

Demand/supply

 

Shortage

 

In balance

 

Over supply

 

 

 

 

 

 

 

 

$(000)

 

(yrs)

$(000)

 

 

(yrs)

 

 

 

 

 

 

 

 

 

 

 

Growth rate

 

Rapid

 

Stable

 

Slow

Marketing time

 

Under 3 mos.

 

3-6 mos.

 

Over 6 mos.

 

 

Low

 

 

 

Low

 

 

 

 

Neighborhood boundaries

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

 

High

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predominant

 

 

Predominant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SITE

IMPROVEMENTS

Dimensions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Site area

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shape

 

 

 

 

 

 

 

 

 

 

Specific zoning classification and description

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Zoning compliance

 

 

Legal

 

 

Legal nonconforming (Grandfathered use)

 

Illegal, attach description

 

No zoning

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Highest and best use of subject property as improved (or as proposed per plans and specifications):

 

 

 

 

 

 

Present use

 

 

 

 

 

Other use, attach description.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Utilities

Public

 

 

 

Other

 

 

Public

 

Other

 

 

 

 

 

 

Off-site Improvements

 

 

Type

Public

Private

 

 

Electricity

 

 

 

 

 

 

 

 

 

 

Water

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas

 

 

 

 

 

 

 

 

 

 

 

Sanitary sewer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Alley

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are there any apparent adverse site conditions (easements, encroachments, special assessments, slide areas, etc.)?

 

 

 

Yes

 

 

 

 

 

No If Yes, attach description.

 

 

Source(s) used for physical characteristics of property:

 

 

Interior and exterior inspection

 

 

Exterior inspection from street

 

 

 

 

 

Previous appraisal files

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MLS

 

 

 

 

 

Assessment and tax records

 

 

Prior inspection

 

 

Property owner

 

 

 

Other (Describe):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

No. of Stories

 

 

Type (Det./Att.)

 

Exterior Walls

 

 

 

 

Roof Surface

 

 

 

 

 

 

 

Manufactured Housing

 

 

Yes

 

 

No

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Does the property generally conform to the neighborhood in terms of style, condition and construction materials?

 

Yes

 

 

 

No If No, attach description.

 

 

 

 

 

Are there any apparent physical deficiencies or conditions that would affect the soundness or structural integrity of the improvements or the livability of the property?

 

 

 

 

 

 

 

Yes

 

 

 

 

 

No If Yes, attach description.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are there any apparent adverse environmental conditions (hazardous wastes, toxic substances, etc.) present in the improvements, on the site, or in the immediate vicinity of

the subject property?

Yes

No If Yes, attach description.

 

 

 

 

 

I researched the subject market area for comparable listings and sales that are the most similar and proximate to the subject property.

 

My research revealed a total of

 

 

sales ranging in sales price from $

 

 

to $

 

.

My research revealed a total of

 

 

listings ranging in list price from $

 

 

to $

 

.

The analysis of the comparable sales below reflects market reaction to significant variations between the sales and the subject property.

QUANTITATIVE SALES COMPARISON ANALYSIS

FEATURE

SUBJECT

SALE 1

SALE 2

SALE 3

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proximity to Subject

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales Price

$

 

 

 

$

 

 

 

 

$

 

 

 

$

 

Price/Gross Living Area

$

/

$

/

 

$

 

/

 

$

 

/

 

Data & Verification Sources

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

VALUE ADJUSTMENTS

DESCRIPTION

DESCRIPTION

+( )$ Adjust.

DESCRIPTION

+( )$ Adjust.

DESCRIPTION

 

+( )$ Adjust.

Sales or Financing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Concessions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date of Sale/Time

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Site

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

View

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Design (Style)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actual Age (Yrs.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condition

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Above Grade

 

Total Bdrms

Baths

Total Bdrms

Baths

 

Total

Bdrms

Baths

 

Total Bdrms

Baths

 

Room Count

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross Living Area

 

Sq. Ft.

 

Sq. Ft.

 

 

 

Sq. Ft.

 

 

Sq. Ft.

Basement & Finished

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Rooms Below Grade

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Garage/Carport

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Adj. (total)

 

 

+

$

+

$

 

+

$

 

Adjusted Sales Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

of Comparables

 

 

 

 

$

 

 

 

 

$

 

 

 

$

 

Date of Prior Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Price of Prior Sale

$

 

$

 

 

$

 

 

 

 

$

 

 

 

Analysis of any current agreement of sale, option, or listing of the subject property and analysis of the prior sales of subject and comparables:

Summary of sales comparison and value conclusion:

This appraisal is made

"as-is",

subject to completion per plans and specifications on the basis of a hypothetical condition that the improvements have been completed, or

subject to the following repairs, alterations or conditions

 

 

 

 

 

 

 

 

 

 

BASED ON AN

EXTERIOR INSPECTION FROM THE STREET OR AN

INTERIOR AND EXTERIOR INSPECTION , I ESTIMATE THE MARKET VALUE, AS DEFINED, OF THE REAL

PROPERTY THAT IS THE SUBJECT OF THIS REPORT TO BE $

 

 

, AS OF

 

.

PAGE 1 OF 3

Fannie Mae Form 2055 9-96

Form 205 – "TOTAL for Windows" appraisal software by a la mode, inc. – 1-800-ALAMODE

 

DEFINITION OF MARKET VALUE:
PURPOSE OF APPRAISAL:

PUD

PAGE #2

Desktop Underwriter Quantitative Analysis Appraisal Report

 

File No.

 

Project Information for PUDs

(If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)?

 

 

Yes

No

Provide the following information for PUDs only if the developer/builder is in control of the HOA and the subject property is an attached dwelling unit:

 

Total number of phases

 

 

 

 

Total number of units

 

 

 

 

Total number of units sold

 

 

Total number of units rented

 

 

 

Total number of units for sale

 

 

 

 

Data Source(s)

 

 

 

 

Was the project created by the conversion of existing buildings into a PUD?

 

Yes

No

If yes, date of conversion:

 

 

 

 

Does the project contain any multi-dwelling units?

Yes

No

Data Source:

 

 

 

 

 

 

 

 

Are the common elements completed?

Yes

No

If No, describe status of completion:

 

 

 

 

 

 

 

 

 

 

 

 

Are any common elements leased to or by the Home Owners' Association?

 

Yes

No

If yes, attach addendum describing rental terms and options.

Describe common elements and recreational facilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CONDOMINIUM

Project Information for Condominiums

(If applicable) - - Is the developer/builder in control of the Home Owners' Association (HOA)?

 

 

 

Yes

 

 

No

Provide the following information for all Condominium Projects:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total number of phases

 

 

 

 

 

 

 

Total number of units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total number of units sold

 

 

 

 

 

 

 

 

Total number of units rented

 

 

 

 

 

 

 

Total number of units for sale

 

 

 

 

 

 

Data Source(s)

 

 

 

 

 

 

 

 

 

Was the project created by the conversion of existing buildings into a condominium?

 

 

 

 

 

Yes

 

 

 

No

If yes, date of conversion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Project Type:

 

Primary Residence

 

 

Second Home or Recreational

 

 

Row or Townhouse

 

 

 

 

Garden

 

Midrise

 

 

 

Highrise

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Condition of the project, quality of construction, unit mix, etc.:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are the common elements completed?

 

 

 

Yes

 

 

No If No, describe status of completion:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are any common elements leased to or by the Home Owners' Association?

 

 

Yes

 

 

No

If yes, attach addendum describing rental terms and options.

 

 

 

 

Describe common elements and recreational facilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The purpose of this appraisal is to estimate the market value of the real property that is the subject of this report based on a quantitative sales comparison analysis for use in a mortgage finance transaction.

The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller, each acting prudently, knowledgeably and assuming the price is not affected by undue

stimulus.

Implicit in this definition is

the consummation of a sale as

of

a

specified date

and

the

passing of

title

from

seller

to

buyer

under conditions

whereby:

(1) buyer

and seller are typically motivated;

(2)

both parties are well informed or well advised, and each acting

in

what

he considers

his

own

best

interest;

(3)

a reasonable time is

allowed for exposure in

the open market;

(4) payment

is

made

in

terms

of cash in U.S. dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration

for

the

property

sold

unaffected

by

special

or

creative financing or

sales

concessions*

granted

by anyone

associated

with

the

sale.

* Adjustments to the comparables must be made for special or creative financing or sales concessions. No adjustments are necessary for those

costs

which

are normally paid by sellers as a

result of tradition or

law

in

a market

area; these costs are

readily

identifiable

since the

seller

pays

these costs in virtually all sales transactions.

Special

or

creative financing adjustments can be made

to the comparable

property

by

comparisons to

financing terms offered by a

third party institutional lender that is not already involved in the property or

transaction.

Any adjustment should not be calculated on a

mechanical dollar for dollar cost of the financing or concession but the dollar

amount

of

any adjustment

should approximate

the market's

reaction

to

the

financing

or concessions based

on the

appraiser's

judgment.

STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION

CONTINGENT AND LIMITING CONDITIONS: The appraiser's certification that appears in the appraisal report is subject to the following conditions:

1. The appraiser will not be responsible for matters of a legal nature that affect either the property being appraised or the title to it. The appraiser assumes that the title is good and marketable and, therefore, will not render any opinions about the title. The property is appraised on the basis of it being under responsible ownership.

2.

The appraiser has provided any required sketch in the appraisal report to show approximate dimensions of the improvements and the sketch

is

included only to assist the reader of the report in visualizing the property and understanding the appraiser's determination of its size.

3.The appraiser will not give testimony or appear in court because he or she made an appraisal of the property in question, unless specific arrangements to do so have been made beforehand.

4.The appraiser has noted in the appraisal report any adverse conditions (such as, but not limited to, needed repairs, the presence of hazardous

wastes,

toxic substances, etc.)

observed

during the

inspection

of

the

subject

property

or

that

he

or

she

became aware

of during

the

normal research

involved in

performing

the

appraisal.

Unless otherwise stated

in the

appraisal

report,

the appraiser has no knowledge

of

any

hidden

or

unapparent

conditions

of

the

property or adverse environmental conditions (including

the

presence

of

hazardous

wastes,

toxic substances, etc.) that would make the

property more or less valuable,

and has

assumed

that there

are

no

such

conditions and

makes

no guarantees or warranties, expressed

or

implied,

regarding

the condition

of

the

property.

 

The appraiser will not be

responsible for any such conditions that do exist or

for

any engineering or testing that might

be

required

to

discover

whether

such

conditions

exist.

Because

the

appraiser

is not an

expert

in

the

field

of

environmental

hazards,

the

appraisal

report

must

not

be

considered

as an environmental assessment of the property.

5.The appraiser obtained the information, estimates, and opinions that were expressed in the appraisal report from sources that he or she considers to be reliable and believes them to be true and correct. The appraiser does not assume responsibility for the accuracy of such items that were furnished by other parties.

6.The appraiser will not disclose the contents of the appraisal report except as provided for in the Uniform Standards of Professional Appraisal Practice.

7.The appraiser must provide his or her prior written consent before the lender/client specified in the appraisal report can distribute the appraisal

report

(including

conclusions

about

the

property

value,

the

appraiser's identity

and

professional

designations,

and

references

to any

professional appraisal

organizations

or the

firm with

which

the

appraiser

is

associated) to anyone other than the

borrower;

the mortgagee or its successors and

assigns; the mortgage

insurer;

consultants;

professional

appraisal

organizations;

any

state

or

federally approved financial institution; or any department, agency, or instrumentality of

the United States or any state or the

District

of

Columbia; except that the lender/client may distribute the report to data

collection

or

reporting service(s) without having to

obtain

the

appraiser's prior

written consent.

The

appraiser's

written consent

and

approval

must also

be

obtained

before the appraisal can

be

conveyed by anyone to the public through advertising, public relations, news, sales, or other media.

8.The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion per plans and specifications on on the basis of a hypothetical condition that the improvements have been completed.

9.The appraiser has based his or her appraisal report and valuation conclusion for an appraisal that is subject to completion, repairs, or alterations on the assumption that completion of the improvements will be performed in a workmanlike manner.

PAGE 2 OF 3

Fannie Mae Form 2055 9-96

Form 205 – "TOTAL for Windows" appraisal software by a la mode, inc. – 1-800-ALAMODE

 

PAGE #3

Desktop Underwriter Quantitative Analysis Appraisal Report

File No.

APPRAISER'S CERTIFICATION: The Appraiser certifies and agrees that:

1.I performed this appraisal by (1) personally inspecting from the street the subject property and neighborhood and each of the comparable sales (unless I have otherwise indicated in this report that I also inspected the interior of the subject property); (2) collecting, confirming, and analyzing data from reliable public and/or private sources; and (3) reporting the results of my inspection and analysis in this summary appraisal report. I further certify that I have adequate information about the physical characteristics of the subject property and the comparable sales to develop this appraisal.

2.I have researched and analyzed the comparable sales and offerings/listings in the subject market area and have reported the

comparable

sales

in

 

this

report that are the best

available

for

 

the

subject

property.

 

I

further

certify

that

adequate

comparable

market

data

exists

in the

general

market area

to

develop

a

reliable

sales comparison

analysis

for

the

subject

property.

3.

I have

taken

into

 

consideration the factors

that

have

an

impact

on

value

in

my

development

of

the estimate of

market

value

in

the

appraisal report.

I

further

certify

that I have

noted any

apparent

or

known

adverse

conditions

in

the

subject

improvements,

on

the

subject

site, or

on

any

site

within

the immediate

vicinity

of

the subject

property

of

which

I am

aware,

have

considered

these

adverse

conditions in my analysis of the property value to the extent that I had market evidence to support them, and have commented about the effect of the adverse conditions on the marketability of the subject property. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct.

4. I stated in the appraisal report only my own personal, unbiased, and professional analysis, opinions, and conclusions, which are subject only to the contingent and limiting conditions specified in this form.

5.I have no present or prospective interest in the property that is the subject of this report, and I have no present or prospective personal interest or bias with respect to the participants in the transaction. I did not base, either partially or completely, my analysis and/or the

estimate

of market value in the appraisal report on the

race,

color,

religion, sex,

age,

marital status, handicap, familial

status,

or national

origin of

either the prospective owners or occupants of

the

subject

property or

of

the present owners or occupants

of the

properties

in the vicinity of the subject property or on any other basis prohibited by law.

 

 

 

 

 

6.I have no present or contemplated future interest in the subject property, and neither my current or future employment nor my compensation for performing this appraisal is contingent on the appraised value of the property.

7.I was not required to report a predetermined value or direction in value that favors the cause of the client or any related party, the amount of the value estimate, the attainment of a specific result, or the occurrence of a subsequent event in order to receive my

compensation and/or employment for performing the appraisal.

I did not base the appraisal report on a requested minimum valuation,

a specific valuation, or the need to approve a specific mortgage loan.

 

8.I estimated the market value of the real property that is the subject of this report based on the sales comparison approach to value. I further certify that I considered the cost and income approaches to value, but, through mutual agreement with the client, did not develop them, unless I have noted otherwise in this report.

9.I performed this appraisal as a limited appraisal, subject to the Departure Provision of the Uniform Standards of Professional Appraisal

Practice that were adopted and promulgated

by

the

Appraisal

Standards Board of The Appraisal Foundation and that were in place as of

the

effective

date

of

 

 

the appraisal (unless I

have

otherwise

indicated in this

report that the

appraisal

is

a complete appraisal,

in

which

case, the Departure Provision does not apply).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. I acknowledge that an estimate of a reasonable

time for

exposure in the open market is a condition in the

definition

of market

value.

The

exposure

time

associated

with

the estimate of

market

value for the subject property is consistent

with

the

marketing

time

noted

in the Neighborhood

 

section of

this

report.

The

marketing

period

concluded

for

the subject

property

at

the

estimated

market

value

is

also consistent with the marketing time noted in the Neighborhood section.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

11.

 

I personally

prepared

all

conclusions

and

 

opinions

about

the

real

estate that were set forth

in

the

appraisal

report.

I

further certify that no one provided significant professional assistance to me in the development of this appraisal.

 

 

 

 

 

 

 

 

 

SUPERVISORY APPRAISER'S CERTIFICATION:

If

a

supervisory

appraiser

signed

the

appraisal report, he

or

she

certifies

and

agrees

that:

I directly supervise the appraiser who prepared the appraisal report, have examined

the appraisal report for compliance

with

the Uniform

Standards

of Professional Appraisal Practice, agree with the statements

and conclusions of the appraiser, agree to be bound by the appraiser's

certifications numbered 5 through 7 above, and am taking full responsibility for the appraisal and the appraisal report.

 

 

 

 

 

 

 

 

 

APPRAISER:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUPERVISORY APPRAISER (ONLY IF REQUIRED):

 

 

 

 

 

 

Signature:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Signature:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Name:

 

 

 

 

 

 

 

 

 

 

 

Company Address:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Company Address:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Date of Report/Signature:

 

 

 

 

 

 

 

 

 

Date of Report/Signature:

 

 

 

 

 

 

 

 

 

 

State Certification #:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State Certification #:

 

 

 

 

 

 

 

 

 

 

 

or State License #:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

or State License #:

 

 

 

 

 

 

 

 

 

 

State:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

State:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expiration Date of Certification or License:

 

 

 

 

 

 

Expiration Date of Certification or License:

 

 

 

 

 

 

 

ADDRESS OF PROPERTY APPRAISED:

SUPERVISORY APPRAISER:

,

SUBJECT PROPERTY

APPRAISED VALUE OF SUBJECT PROPERTY $ EFFECTIVE DATE OF APPRAISAL/INSPECTION

LENDER/CLIENT:

Name:

Company Name:

Company Address:

Did not inspect subject property

Did inspect exterior of subject property from street Did inspect interior and exterior of subject property

COMPARABLE SALES

Did not inspect exterior of comparable sales from street Did inspect exterior of comparable sales from street

PAGE 3 OF 3

Fannie Mae Form 2055 9-96

Form 205 – "TOTAL for Windows" appraisal software by a la mode, inc. – 1-800-ALAMODE