Get Guide Note 13 - Appraisal Institute - Appraisalinstitute

This guide provides a clear and structured approach to filling out the Guide Note 13 - Appraisal Institute - Appraisalinstitute online. By following the outlined steps, users can effectively prepare evaluations of real property collateral for lenders while ensuring compliance with relevant guidelines and standards.

Follow the steps to complete the form accurately and efficiently.

1. Press the ‘Get Form’ button to obtain the document and open it in your preferred editing tool or interface.
2. Begin with the header section by entering the date of report and the client or intended user information. Specify that the report is exclusively for the designated lender.
3. In the assignment objective section, clearly define the purpose of the evaluation. Provide a concise statement explaining the market value of the property interest being evaluated.
4. Fill in the effective date of the value opinion, ensuring it reflects the date when the analysis was concluded.
5. Identify the real property interest being valued, such as fee simple, leased fee, or leasehold, and provide the property address.
6. Include current listing or contract information, indicating whether the property is currently listed or under contract, along with the asking or contract price.
7. Document any previous sale data for the property within the last three years, offering a brief analysis of any significant transactions.
8. Detail any extraordinary assumptions that affect the analysis, ensuring to highlight how they may influence the results.
9. Describe the scope of work performed during the evaluation, including the level of inspection and data gathering methods for comparable sales.
10. Conclude with a certification statement that confirms the accuracy and impartiality of the evaluation, including the signature of the preparer.
11. After completing all fields and ensuring accuracy, save changes, and consider options to download, print, or share the form as required.

Complete your evaluations online with confidence and ensure compliance with the necessary guidelines.