Product
|
Description
|
Drive By (2065) |
Property value derived by using county records and an exterior inspection. A qualitative sales comparison in terms of value relationships between the comparable properties and the subject property without assigning an estimated dollar value to those relationships. Includes subject photos and comparable photos. |
Full (1004) |
Uniform Residential Appraisal Report. Two to Four pages including floor plan with exterior dimensions photographs of the subject and comparable properties, location and flood maps and any assumption and limiting condition addenda. Requires licensed or certified appraiser to inspect the property and gather the information for the report. |
Review |
Conducted by certified appraiser to ensure the validity of the data provided on the original appraisal report (Forms 2000, 2006) |
Tax Assessed Value |
Value assigned to the property by the local taxing jurisdiction. |
Desk Review - Limited (2075) |
Property Inspection Report. An exterior-only property inspections report of the subject property from the street by a licensed or certified appraiser without an estimate of market value for the property. |
Desk Review - Complete (2006) |
Property Inspection Report. An exterior-only property inspections report of the subject property from the street by a licensed or certified appraiser without an estimate of market value for the property. |
Field Review (2000) |
A spot-check appraisal report to enable a review appraiser to address the accuracy of the data in the appraisal report being reviewed and to develop an opinion on the appropriateness of the appraisal methods and techniques that the original appraiser used. |
Recertification of Value |
If an unacceptable amount of time has passed since the original appraisal was performed and the closing of the loan, the appraiser will be asked to re-verify the value of the property that is stated on the appraisal. |
Employee Relocation (ERC) |
Six page form utilizing Multiple Listing data regarding subject and comparable properties. Relocation appraisals are used by companies that relocate employees and assume their properties. These companies need to verify the value of the employee's property for future sale. |
Comparable Rent Schedule (1007/216) |
(Rent Sched. 1007, Oper. Stmt Form 216) Estimation of market rent and rental analysis. Usually ordered for duplexes and multi-family properties. |
Misc. |
Miscellaneous appraisal product, not specified in other products. Please note exact requirements in Special Instructions Screen. |
DU Quantitative Analysis - Interior (2055) |
Interior inspection report of one-family properties (including units in condominium or PUD projects) with a quantitative sales comparison analysis in which 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 |
Full-FHA (1004) |
Uniform Residential Appraisal Report. Two to Four pages including floor plan with exterior dimensions photographs of the subject and comparable properties, location and flood maps and any assumption and limiting condition addenda. Requires licensed or certified appraiser to inspect the property and gather the information for the report. |
Comp Check |
Preliminary search of compatible data in the subject market area. Often ordered when property value is uncertain or final appraisal value is crucial. |
Certified Market Analysis (CMA) |
For listing the property purposes, Real Estate Brokers provide comparable sales and their estimate of market value based on a 90-120 day market. |
BPO |
Broker's Price Opinion. Real Estate Brokers provide comparable sales and their estimate of market value based on a 90-120 day market. |
DU Property Inspection (2075) |
An exterior-only property inspections report of the subject property from the street by a licensed or certified appraiser without an estimate of market value for the property. |
Drive By with Exterior (2055) |
Provides a specific market value; Exterior inspection only and comparable sales; certification and statement of limiting conditions; front and street scene photos of the property; comparable photos available at an additional fee; comparable adjustment grid in the Sales Comparison Analysis |
Land Appraisal Report |
None given on RealEC |
Condominium (1073/465) |
The appraiser's analysis and estimate of value for an individual condominium unit. |
Condominium Addendum Form (1073a/465a) |
Addendum form, Analysis of Annual Income and Expenses-Operating Budget. Summarized information about the operating budget and reserves for the coming year for Type C condominium projects and Type 2 cooperative projects. |
Quantitative Analysis Report - Exterior (704) |
Exterior summary appraisal report. Replaced by 2055. |
Small Residential Income (1025) |
The appraiser's analysis and estimate of value for either a conventional or a VA mortgage that is secured by a two- to four-family property. |
Operating Income Statement (216/996) |
Reports the amount of operating income that can be used in evaluating the applicant's credit on applications for conventional mortgages that are secured by one-family investment properties and all two- to four-family properties (including those in which the applicant occupies one of the units as a principal residence). |
Quantitative Analysis Report - Interior (704) |
Interior summary appraisal report. Replaced by 2055. |
Restricted Appraisal Report (Blakewood/U.S. Forms) |
None given on RealEC |
DU Quantitative Analysis - Exterior (2055) |
Exterior inspection report of one-family properties (including units in condominium or PUD projects) with a quantitative sales comparison analysis in which 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. |
Individual Cooperative Interest (1075) |
The appraiser's analysis and estimate of value for an individual cooperative unit that secures a conventional cooperative share loan. |
Condition & Marketability - Exterior (2070) |
Exterior report of the condition and marketability of the subject property, and does not report a value for the subject property. |
Condition & Marketability - Interior (2070) |
Interior report of the condition and marketability of the subject property, and does not report a value for the subject property. |
Drive By with Interior (2055) |
Provides a specific market value; Interior inspection and comparable sales; certification and statement of limiting conditions; front and street scene photos of the property; comparable photos available at an additional fee; comparable adjustment grid in the Sales Comparison Analysis |
DU Qualitative Analysis - Interior (2065) |
Property value derived by using county records and an interior inspection. A qualitative sales comparison in terms of value relationships between the comparable properties and the subject property without assigning an estimated dollar value to those relationships. Includes subject photos and comparable photos |
Small Residential Income FHA (1025) |
2-4 Family Property. The appraiser's analysis and estimate of value for a FHA loan that is secured by a two- to four-family property. |
