What is an appraisal form 72?

What is an appraisal form 72?

Small Residential Income Property Appraisal Report Form 72 is designed to report the results of an appraisal of a 2- to 4-unit property, including a 2- to 4-unit property in a Planned Unit Development (PUD).

What are the different appraisal forms?

There are four home appraisal types for the mortgage loan process. The four types are the full appraisal, exterior-only appraisal, the rental analysis, and the broker price opinion. A full appraisal is the most common type of appraisal.

What is a 1004MC appraisal form?

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum will be required with all one- to four-unit property appraisals performed on or after April 1, 2009.

What are the 3 types of appraisal?

There are three primary types of real estate appraisals that may be used, including the “cost approach,” the “sales comparison approach,” and the “income capitalization approach.”

What is two to four unit appraisal-1025 form?

Description of Two-to-Four Unit Residential Appraisal-1025 Form: The 1025 Report provides analysis of competitive listings, cost approach, an analysis of competitive rents, and a sales comparison analysis. Included in the attachments: Listings and sales utilized in the report. Subject property photographs including a front, rear and street scene.

What should be included in small residential income property appraisal report?

Includes rental information and income approach . A Small Residential Income Property Appraisal Report allows an appraiser to document observations based off of the following actions: An interior and exterior inspection of the subject property; A street map that shows the location of the subject property and of all comparables used

How to prepare a single family housing appraisal report?

FHA Single Family Housing Appraisal Report and Data Delivery Guide 2 APPRAISAL REPORT AND DATA DELIVERY TO FHA This document provides guidance to appraisers who are preparing residential appraisal reports utilizing the industry standard forms and to lenders who are submitting the appraiser’s completed reports to FHA.

What kind of document is an FHA appraisal report?

Language (XML) document with an embedded Portable Document Format (PDF) as created by the appraiser. This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit, including a unit