Get 2-4 Unit Residential Appraisal Report
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How to fill out the 2-4 UNIT RESIDENTIAL APPRAISAL REPORT online
Completing the 2-4 Unit Residential Appraisal Report online can streamline the appraisal process and ensure that all necessary information is accurately captured. This guide will provide users with step-by-step instructions to fill out the form effectively.
Follow the steps to fill out the report correctly.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Enter the property address in the designated fields, including the county, city, state, and zip code. Ensure that this information matches the official records to avoid inconsistencies.
- Fill in the legal description and file number. This section may require referencing public records or legal documents related to the property.
- Provide information about the current owner of record, and if applicable, the borrower’s details. Make sure that these entries are up to date.
- Indicate the occupancy status of the property by selecting 'Owner,' 'Tenant,' or 'Vacant' as applicable.
- Select the project type, such as 'PUD' or other, and if necessary, describe the type appropriately.
- Specify the intended use of the appraisal, including the type of value being sought (e.g., market value, retrospective value, etc.).
- Complete the market area name and census tract information. This is typically found on zoning maps or local government websites.
- Fill in all relevant sections regarding property characteristics such as building dimensions, zoning classification, and current use.
- Record the details about the improvements on the property, including the number of units, stories, type of construction, and general condition.
- At the end of the form, review all entered information for accuracy and completeness.
- Save your changes, download a copy, print, or share the form as needed to complete your assessment.
Take the next step and complete your 2-4 Unit Residential Appraisal Report online today!
Appraisers fill out the form and insert data about the subject, neighborhood, comparable sales, valuation and more. Appraisers include additional data not part of the form such as pictures, maps, valuation analyses and more, depending on the property and assignment.
Fill 2-4 UNIT RESIDENTIAL APPRAISAL REPORT
10. Are the Zoning Classification and Description residential in nature (i.e. R1–Residential SF or Residential 1 to 4 family)?. This document provides guidance to Appraisers who are preparing residential appraisal reports. 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). This adjustment is based on an analysis of the 16 sales of 2-4 unit. Appraisal reports must be completed on one of the following Fannie Mae appraisal forms. This course provides the student with an explanation of the 2-4 unit small residential income property type; of the economic principles of supply and demand. This report is for 2-4 unit residential properties. This includes a duplex, triplex or fourplex. The table below shows the appraisal report form that must be used to complete an exterioronly inspection appraisal for each property type.
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