Home appraisal checklist form update#
Home appraisal checklist form mac#

The 1075 appraisal form is similar to the 1073 form for individual condo units, but like the 2055 above, it is for exterior-only inspections. 1075 – Exterior-Only Individual Condominium The exterior only single-family form is typically used when the loan to value is low or access to the interior of the property is not possible. The 2055 form is an exterior-only form for single-family homes and is only used when requested by the client. 2055 – Exterior-Only Single-Family Residential These are however both still considered appraisal forms for conventional loans on residential properties. The following two forms are for when the property is only inspected from the exterior, called an “Exterior Only” appraisal. The forms above are always used if when an interior inspection of the property is required. This form has many of the same fields, but many are condo-specific. It differs in that it is used to appraise condominiums instead of single-family properties. The 1073 is similar to the 1004 form in that it was developed for conventional lending purposes. This form is used to produce an individual condominium unit appraisal report. The 1073 form is probably the second most commonly used real estate appraisal form for residential properties. Here is a sample of a Form 1004 appraisal.

This is the detached single-family residential form, as well as the townhouse appraisal form. It is typically used when a lender is ordering an appraisal for a refinance or purchase transaction. The 1004 is used when an appraiser is required to do an interior and exterior inspection. That is because it is the form for single-family residential properties. The 1004 appraisal form is probably the most common and widely used appraisal form for residential appraisers. Interior and Exterior Inspection Forms 1004 – Single-Family Residential

Home appraisal checklist form mac#

Properties that are considered residential properties include: single-family homes, condominiums, mobile homes, and 2-4 unit properties.įannie Mae and Freddie Mac developed the following six forms in 2005. Residential forms are used for residential properties, and commercial forms are used for commercial properties. Inspection by Third Party (Not Appraiser)Īppraisal forms can be divided into a few categories, but the main two are residential and commercial forms. The following forms are the real estate appraisal forms most commonly used by real estate appraisers. The following is a list of the different types of appraisal forms that we appraisers typically use. When it comes to appraisal forms, there are a lot of them because each serves a specific purpose. Real estate appraisals can be done in a variety of ways, from forms to written narrative reports to even verbal communication of a value. 1004 Desktop/70D – Single-Family Desktop.

Home appraisal checklist form update#

1004D – Appraisal Update or Completion Report.1075 – Exterior-Only Individual Condominium.2055 – Exterior-Only Single-Family Residential.