Get Reo Addendum

Filling out the Reo Addendum online is a straightforward process that can help streamline your real estate appraisal needs. This guide provides clear, step-by-step instructions for each section of the form to assist you in completing it accurately and efficiently.

Follow the steps to fill out the Reo Addendum online:

1. Click the ‘Get Form’ button to obtain the Reo Addendum and open it in your preferred editor.
2. Begin filling in the property address and legal description fields accurately, ensuring all details are correct.
3. Indicate whether the subject property is currently listed by selecting 'Yes' or 'No'.
4. Provide the listing company name, along with their address and phone number.
5. For competing listings, enter the details for each listing, including address, city, state, county, zip code, agent information, and current list price.
6. Detail the original and current list prices, last price revision date, and days-on-market for each competing listing.
7. Input the above grade room count, including total rooms, bedrooms, and bathrooms for the subject property and each competing listing.
8. Describe the approximate gross living area and any other relevant specifications like basement area and car storage.
9. Elaborate on the value-related differences between the subject property and competing listings, touching on aspects such as location and appeal.
10. List positive and negative factors affecting marketability and value, alongside any current economic trends.
11. Provide an itemized list of recommended repairs along with cost estimates for each item.
12. List any recommended inspections and include explanations for these recommendations.
13. Document the number of days-on-market for comparable sales and provide any necessary comments.
14. Fill in the estimated market values, including 'AS-IS' and 'AS-REPAIRED' valuations based on provided criteria.
15. Finalize by signing the form, including the appraiser's and supervisory appraiser's signatures, names, and dates.
16. Once completed, you can save changes, download, print, or share the Reo Addendum as needed.

Complete your Reo Addendum online today for a smoother appraisal process.