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1004MC The Real April Fools Part One How appropriate is it that the 1004MC addendum to the URAL will be required for all valuation assignments for Fannie Mae, Freddie Mac, VA and FHA, beginning April

How to fill out 1004mc form real april

How to fill out 1004mc form real april:

1. Gather all necessary information such as property details, comparable properties, and market data.
2. Start by entering the property address and basic details in the respective sections of the form.
3. Provide information about the subject property's gross living area, number of bedrooms and bathrooms, and other relevant characteristics.
4. Move on to the comparable properties section and input data for at least three properties that are similar to the subject property.
5. Include details about the sold and active comparable properties, such as sale price, listing price, days on market, and any adjustments made.
6. Calculate the percentage of price change for the comparable properties and fill in the corresponding fields.
7. Determine the neighborhood market conditions based on the data collected and mark the appropriate checkboxes.
8. Calculate the median sale price and percentage of listings that have undergone price changes.
9. Lastly, review the form for accuracy and completeness before submitting it.

Who needs 1004mc form real april:

1. Real estate appraisers who are conducting an appraisal for a property in April.
2. Homeowners who are looking to understand the market conditions of their neighborhood during the month of April.
3. Real estate agents or brokers who assist clients in pricing properties or understanding market trends in April.

For pdfFiller’s FAQs

What is 1004mc form real april?

The 1004mc form is a market conditions addendum that provides an analysis of the real estate market for a specific area and time period, specifically for the month of April.

Who is required to file 1004mc form real april?

Real estate appraisers who are preparing an appraisal report for a mortgage lending transaction, such as for Fannie Mae or Freddie Mac, are generally required to file the 1004mc form for the specific month of April when relevant.

How to fill out 1004mc form real april?

To fill out the 1004mc form for the month of April, you need to gather relevant data and analyze the market conditions for the specific area. This includes looking at the number of active listings, sold properties, days on market, and price trends. The form provides sections to input this data and make calculations based on the analysis.

What is the purpose of 1004mc form real april?

The purpose of the 1004mc form for April is to provide an overview of the real estate market conditions for a specific area during that month. It helps to assess the supply and demand dynamics, identify trends, and provide a market analysis that supports the appraisal process.

What information must be reported on 1004mc form real april?

The 1004mc form for April requires the reporting of various information related to the real estate market conditions. This includes the number of active listings, the number of sold properties, the average days on market, the median sales price, and other relevant data points. The form provides specific sections to input and calculate these details.

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