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Upported, opinion of the market value of the subject property. Property Address City State Zip Code Borrower Owner of Public Record County Legal Description Tax Year R.E. Taxes $ S Assessor s Parcel # U Neighborhood Name Map Reference Census Tract B J Occupant Owner Tenant Vacant Special Assessments $ PUD HOA $ per year per month E Property Rights Appraised Fee Simple Leasehold Other (describe) C T Assignment Type Purchase Transaction Refinance Transaction Other (describe) Lender/Client Addres.

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Form 1004 appraisal Questions & Answers

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From Wikipedia, the free encyclopedia. A Uniform Residential Appraisal Report or URAR is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings or single-family dwellings with an "accessory unit".

Form: Form 1004. Purpose: Used to estimate the market value of a property as defined in Uniform Standard of Professional Appraisal Practice (USPAP). It provides the benefit of a full interior and exterior inspection.

You could also dispute a low appraisal by taking the following steps: Review the appraisal report for errors and inconsistencies, such as incorrect square footage or missing improvements. Find recent sales from the last 90 days in your neighborhood that may not have been factored into the appraisal.

Depending on how convincing your argument is, your lender has the ability to override the appraisal estimate, which is unlikely, or to order a new appraisal, which is more likely. ... If you order your own appraisal and your loan is an FHA loan, ask the lender for a list of approved appraisers.

The Uniform Standards of Professional Appraisal Practice set forth the requirements for appraisal reports, which may be presented in one of three written formats: self-contained reports, summary reports, and restricted-use reports.

Get your own copy of the appraisal. ... Look for mistakes. ... Look for comparisons that you don't agree with. ... Make sure there are no permit issues. ... Create your own (unofficial) appraisal. ... Petition the appraiser for another appraisal. ... Take a hard look at the appraiser. ... Request another appraisal.

What is a 1004 appraisal report? A 1004 appraisal form is considered to be one of the most commonly used forms in residential real estate appraisals. In accordance with USPAP a 1004, or URAR, is completed when estimating the market value of a single-family dwelling complete with an exterior and interior inspection.

Fannie Mae continues to require full appraisals on the vast majority of purchase money mortgages to establish market value of homes and to provide valuable input to our appraisal database.

The form is not for manufactured homes, or condominium units. A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232