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DAVID BAIN & ASSOC. Desktop Underwriter Quantitative Analysis Appraisal Report SUBJECT File No. THIS SUMMARY APPRAISAL REPORT IS INTENDED FOR USE BY THE LENDER/CLIENT FOR A MORTGAGE FINANCE TRANSACTION

How to fill out desktop appraisal form

How to fill out a desktop appraisal:

1. Start by gathering all relevant information about the property you want to appraise, such as its address, size, age, and any recent renovations or upgrades.
2. Research the current market conditions and recent sales of similar properties in the area. This will help you determine the property's value and compare it to others.
3. Use an online appraisal tool or software to input all the necessary data and generate an automated appraisal report. Make sure to enter all the information accurately to get the most accurate results.
4. Review the generated appraisal report and make any necessary adjustments or corrections. Pay attention to the property's condition, unique features, and any special considerations that might affect its value.
5. Include any additional documentation or supporting evidence, such as photographs, property descriptions, or market analysis reports, to enhance the credibility of your appraisal.
6. Double-check all the information entered in the appraisal report for accuracy and completeness. A thorough and error-free report will be more credible and reliable.
7. Prepare a summary of your findings and conclusions based on the appraisal report. This should include an estimated value for the property and any relevant market trends or factors that influenced your assessment.
8. Communicate your findings effectively to the intended audience, whether it's a client, a lender, or any other party involved in the appraisal process. Provide clear explanations, highlight key points, and address any questions or concerns they may have.

Who needs a desktop appraisal:

1. Real estate investors or developers who want to determine the value of a property before making an investment decision.
2. Homeowners or potential sellers who want to have an idea of their property's value in the current market. This can help them set a realistic asking price or negotiate with potential buyers.
3. Lenders or financial institutions that need to assess the value of a property before approving a mortgage or loan application.
4. Insurance companies that need to determine the replacement cost or insurable value of a property.
5. Legal professionals involved in divorce settlements, estate planning, or property disputes that require an impartial valuation of the property in question.
6. Government agencies or assessors who need to determine the property's value for tax assessment or regulatory purposes.

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What is desktop appraisal?

Desktop appraisal is a type of property appraisal that is conducted without a physical inspection of the property, relying on information available electronically or through other sources.

Who is required to file desktop appraisal?

Desktop appraisal may be required by lenders, insurance companies, or other entities who need to assess the value of a property.

How to fill out desktop appraisal?

To fill out a desktop appraisal, you will need to gather relevant information about the property, such as recent sales data, comparable properties, and any relevant documents or reports.

What is the purpose of desktop appraisal?

The purpose of desktop appraisal is to estimate the value of a property without the need for a physical inspection, saving time and resources.

What information must be reported on desktop appraisal?

The information reported on a desktop appraisal may include property details, recent sales data, comparable properties, and any relevant documents or reports.