Get Mgic Misc Competitive Market Analysis Form (fnma) 2003-2026

Filling out the MGIC MISC Competitive Market Analysis Form (FNMA) online can be straightforward when you follow the right steps. This guide will provide you with detailed instructions to ensure that you complete the form accurately and efficiently.

Follow the steps to successfully complete the form online.

1. Click the ‘Get Form’ button to access the form and open it in the editor.
2. Begin by entering the client name, which should be MGIC. Next, specify the inspection type — select either 'Accessed,' 'Drive-by,' or 'Conformity to Neighborhood' based on the property in question.
3. Indicate whether the subject property is vacant by selecting 'Yes,' 'No,' or 'Unknown' based on your assessment.
4. Fill in the case number and neighborhood type, choosing between 'Urban' or 'Suburban'. Move on to providing the borrower's name and whether the subject property is listed.
5. Enter the street address, city, state, and zip code for the subject property. If applicable, complete the section for monthly HOA fees.
6. Select the subject property type from the provided options: 'Single Family,' 'Condo,' '2 Family,' or 'Manufactured/Mobile'. Assess the market conditions from 'Excellent,' 'Good,' or 'Slow,' and note the inventory status—'Shortage,' 'In Balance,' or 'Over Supply.'
7. Document any percentage increase or decrease in values over the past six months, and note the price range of active listings in the neighborhood.
8. Provide a comprehensive description of the subject property, highlighting both positive and negative features, and describe the neighborhood's characteristics.
9. Complete the section for comparable sales by filling in the addresses, distances from the subject, list prices, sales prices, and dates of sale for at least three sold comparables.
10. Fill out the adjustment section for each comparable, including days on market, time adjustment, lot size/view, location, age, and overall condition/quality.
11. Indicate the indicated value of the subject based on the information gathered from the comparable sales.
12. For current comparable listings, provide necessary details like address, distance from the subject, square footage, number of rooms/beds/baths, age, parking type, days on market, and list price.
13. Describe any similarities and differences in value between the subject property and each of the three comparable listings.
14. Fill in the recommended normal market time and the suggested 'As Is' and 'Repaired' list prices and sale prices.
15. Lastly, ensure the completing agent's name, phone number, and date are entered before you finalize the document.

Complete your MGIC MISC Competitive Market Analysis Form (FNMA) online today to ensure accurate and effective submissions.