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Fannie Mae 1004MC spreadsheet calculations are: A. Total # of Comparable Sales — the number of listings for which the Sold Date after the first day of the period and prior or equal to the last day

How to fill out fannie mae 1004mc spreadsheet

How to fill out Fannie Mae 1004mc spreadsheet:

1. Start by gathering all the necessary data and information. This includes sales data for comparable properties in the area, market statistics, and other relevant data.
2. Open the Fannie Mae 1004mc spreadsheet on your computer. This can usually be found on the Fannie Mae website or through your appraisal software.
3. Begin by entering the basic property information at the top of the spreadsheet. This includes the address, county, and other pertinent details.
4. Next, move on to the Sales Information section. Fill in the data for the recent sales in the area that are comparable to the subject property. Include the sale price, date of sale, and other relevant information.
5. Proceed to the Market Information section of the spreadsheet. Here, input the data related to the current market conditions. This may include information on inventory, sales volume, and median prices.
6. Ensure that all calculations within the spreadsheet are accurate. The spreadsheet should automatically calculate various ratios and percentages based on the data you input.
7. Once you have completed all the necessary fields, review the spreadsheet to ensure accuracy. Double-check all the data you have entered and make any necessary adjustments.
8. Save the completed Fannie Mae 1004mc spreadsheet.

Who needs Fannie Mae 1004mc spreadsheet:

1. Real estate appraisers: Appraisers use the Fannie Mae 1004mc spreadsheet to analyze market conditions and provide an accurate valuation of a property based on comparable sales data.
2. Lenders: Lenders may require the Fannie Mae 1004mc spreadsheet to evaluate the risk associated with a mortgage loan application. The spreadsheet provides valuable market information that lenders can use in their decision-making process.
3. Real estate agents: Agents may use the Fannie Mae 1004mc spreadsheet to gain insights into the local market conditions. This information helps them determine the appropriate asking price for a property or provide guidance to their clients.

Overall, the Fannie Mae 1004mc spreadsheet is a valuable tool for those involved in the real estate industry, helping to analyze market conditions and make informed decisions.

For pdfFiller’s FAQs

What is fannie mae 1004mc spreadsheet?

Fannie Mae 1004MC spreadsheet is a market conditions addendum that provides a method to analyze and report market trends and conditions for appraisals.

Who is required to file fannie mae 1004mc spreadsheet?

Appraisers are required to file the Fannie Mae 1004MC spreadsheet when completing an appraisal report for a Fannie Mae-backed mortgage.

How to fill out fannie mae 1004mc spreadsheet?

The Fannie Mae 1004MC spreadsheet is typically filled out by appraisers based on the data collected during the appraisal process, including information on market trends and conditions.

What is the purpose of fannie mae 1004mc spreadsheet?

The purpose of the Fannie Mae 1004MC spreadsheet is to provide accurate and consistent analysis of market conditions in order to support the valuation of a property.

What information must be reported on fannie mae 1004mc spreadsheet?

The Fannie Mae 1004MC spreadsheet requires information on the subject property, comparable properties, market trends, and neighborhood data.

When is the deadline to file fannie mae 1004mc spreadsheet in 2023?

The deadline to file the Fannie Mae 1004MC spreadsheet in 2023 is typically determined by the lender or client, but it is recommended to submit it in a timely manner.

What is the penalty for the late filing of fannie mae 1004mc spreadsheet?

The penalty for late filing of the Fannie Mae 1004MC spreadsheet may vary depending on the lender or client, but it could result in delays in processing the appraisal report.

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