Tennessee Checklist Appraisal
Description
How to fill out Checklist Appraisal?
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FAQ
Terms in this set (40)Define appraisal problem.Determine the scope of work.Collect and verify the data.Analyze the data.Estimate the value of the site.Apply three approaches to value.Reconcile various value indicators to reach final value estimate.Prepare and deliver appraisal report.
7 Steps of Performance Evaluation ProcessJob Analysis.Establishing performance standards.Communicating the standards.Determining the actual performance.Matching the actual with the desired performance.Discussing results.Decision making.
Things that can hurt a home appraisalLack of curb appeal. Your curb appeal is what a potential buyer sees when they arrive at your home.Broken appliances and outdated systems. By systems we mean plumbing, heating and cooling, and electrical systems.Market conditions.Location.Overall aesthetic.
The home's overall condition and any home improvements made since the last date of purchase. The number of bedrooms and bathrooms compared to other neighborhood properties as well as amenities like fireplaces, decks, bonus rooms, garages, and landscaping. The lot size and neighborhood zoning restrictions.
7 STEPS OF THE COMMERCIAL APPRAISAL PROCESS7 STEPS OF THE COMMERCIAL APPRAISAL PROCESS.Identify the problem.Determine the scope of work.Collect the data.Analyze the data.Estimate the land value.Form an opinion of value.Prepare an appraisal report.
Appraisers look at the size, shape and topography of the lot, including easements and encroachments. The appraiser will also note amenities such as street utilities and vehicular access. Part of the evaluation process includes an opinion of whether the home's characteristics are compatible with the market.
Real Estate Appraisal Report Contentdate of letter and salutation.street address of the property and a brief description of the property.identification of the subject property ownership interest.statement that a property inspection and other necessary investigations and analyses were made by the appraiser.More items...
Step 1: Define the Appraisal Problem.Step 2: Determine the Scope of Work.Step 3: Analyze the Property's Use, Select Most Appropriate Market,Step 4: Collect and Analyze Data, Apply Most Appropriate.Step 5: Analyze Subject Property Listings or Prior Sales.More items...
What do Appraisers Look for During a Home Appraisal?The General Condition of the Home.The Home's Location.The Age of the Home.The Home's Exterior.Design of the home.Signs of water damage.Size of the home.Home's Interior.More items...?
Most importantly, make sure your house conforms to this home appraisal checklist:A lack of plumbing issues (e.g. stains near spouts)A roof that's free of any leaks or damage.A working garage door and opener.Foundation free of water intrusion or damage.Functional air conditioning, electricity, and water.More items...?
