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Este informe de tasación resume la opinión del valor de mercado de una propiedad específica, proporcionando una evaluación desde el exterior del inmueble. Específicamente diseñado para propiedades
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How to fill out exterior-only inspection individual condominium

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How to fill out Exterior-Only Inspection Individual Condominium Unit Appraisal Report

01
Begin by gathering the necessary documents, including the property deed and any previous appraisal reports.
02
Complete the property identification section with accurate details such as the unit number, building address, and property type.
03
Describe the exterior condition of the condominium unit, noting any visible issues like siding damage or roof condition.
04
Take clear photographs of the unit's exterior from multiple angles.
05
Fill in the appraisal date and the name of the appraiser certifying the report.
06
Include any additional comments regarding the neighborhood or surrounding facilities.
07
Review the completed report for accuracy and submit it to the relevant parties.

Who needs Exterior-Only Inspection Individual Condominium Unit Appraisal Report?

01
Real estate agents requiring a quick assessment of a property's value.
02
Lenders needing verification of property condition for financing purposes.
03
Homeowners aiming to understand their property's market value.
04
Investors evaluating properties for purchase.
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People Also Ask about

The 1073 form is an appraisal form used by appraisers to appraise an individual inium unit. This form is for an interior and exterior inspection of a condo.
An Individual inium Unit Appraisal Report (ICUAR) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Also known as Fannie Mae Form 1073, appraisals reported on this form must be completed in ance with the UAD Specification.
The 2055 form is an appraisal form used by appraisers to appraise a single-family residential property. This form is used for an exterior-only inspection of a house. Form 2055 was developed by Fannie Mae and Freddie Mac in 2005 as an appraisal form for conventional lending purposes.
Unlike a traditional interior and exterior appraisal, the appraiser will only examine the exterior of the property without entering the property itself. Instead, the appraiser will rely on real estate records and other available documents for information about the property's interior.
Fannie Mae 2055, Exterior-Only Inspection Residential Appraisal Report. Also known as the Freddie Mac form 2055.
On the other hand, the 1025 appraisal form is used for small, 2-4 unit properties (duplex, triplex, fourplex). Form 1007 is mostly centered around appraising the rental data of a single-family home, while 1025 takes into account both rental income and fair market value of the types of properties it's used to evaluate.
For Exterior Use Only means to treat or apply only to exterior surfaces of structures such as window frames, doors, steps, or foundation sills. Although these structures may have both interior and exterior surfaces, the product can only be applied to the exterior surfaces.
Exterior-Only Inspection Residential Appraisal Report Form 2055 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), Detached inium Unit or a 1-unit property with an accessory unit.

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The Exterior-Only Inspection Individual Condominium Unit Appraisal Report is a document that provides an assessment of a condominium unit based solely on an external inspection of the property. It evaluates the property's condition, market value, and other relevant information without entering the unit.
Typically, lenders or mortgage companies may require this report when assessing the value of a condominium unit for loan purposes, particularly in scenarios where a full interior inspection is not feasible.
To fill out the report, an appraiser should follow specific guidelines that include documenting exterior features, condition assessments, neighborhood analysis, and comparable sales data, ensuring all sections of the report are completed accurately.
The purpose of this report is to provide an accurate valuation of a condominium unit based on its external characteristics and surrounding market conditions, aiding in lending decisions or property assessments.
The report must include details about the property’s exterior condition, the building's construction and style, the unit's location, neighborhood characteristics, any visible issues, and comparable property sales to support the estimated value.
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