Uniform Residential Appraisal Report (Page 7 of 7) in pdf

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Instructions

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Uniform Residential Appraisal Report

This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;

including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property.

This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative

project.

Use

This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit;

including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property.

This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative

project.

Modifications, Additions, or Deletions

This appraisal report is subject to the scope of work, intended use, intended user, definition of market value, statement of

assumptions and limiting conditions, and certifications contained in the report form. Modifications, additions, or deletions

to the intended use, intended user, definition of market value, or assumptions and limiting conditions are not permitted.

The appraiser may expand the scope of work to include any additional research or analysis necessary based on the

complexity of this appraisal assignment. Modifications or deletions to the certifications are also not permitted. However,

additional certifications that do not constitute material alterations to this appraisal report, such as those required by law or

those related to the appraiser's continuing education or membership in an appraisal organization are permitted.

Scope of Work

The scope of work for this appraisal is defined by the complexity of this appraisal assignment and the reporting

requirements of this appraisal report form, including the following definition of market value, statement of assumptions and

limiting conditions, and certifications. The appraiser must, at a minimum: (1) perform a complete visual inspection of the

interior and exterior areas of the subject property, (2) inspect the neighborhood, (3) inspect each of the comparable sales

from at least the street, (4) research, verify, and analyze data from reliable public and/or private sources, and (5) report

his or her analysis, opinions, and conclusions in this appraisal report.

Required Exhibits

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A street map that shows the location of the subject property and of all comparables that the appraiser used;

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An exterior building sketch of the improvements that indicates the dimensions. The appraiser must also include

calculations to show how he or she arrived at the estimate for gross living area. A floor plan sketch that indicates the

dimensions is required instead of the exterior building or unit sketch if the floor plan is atypical or functionally obsolete,

thus limiting the market appeal for the property in comparison to competitive properties in the neighborhood;

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Clear, descriptive photographs (either in black and white or color) that show the front, back, and a street scene of the

subject property, and that are appropriately identified. (Photographs must be originals that are produced either by

photography or electronic imaging.);

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Clear, descriptive photographs (either in black and white or color) that show the front of each comparable sale and

that are appropriately identified. Generally, photographs should be originals that are produced by photography or

electronic imaging; however, copies of photographs from a multiple listing service or from the appraiser's files are

acceptable if they are clear and descriptive;

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Any other data--as an attachment or addendum to the appraisal report form--that are necessary to provide an

adequately supported opinion of market value.

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Instructions Page

Uniform Residential Appraisal Report Page 7

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