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Lincoln Appraisal Group Page #1 Exterior-Only Inspection Residential Appraisal Report File # SUBJECT The purpose of this summary appraisal report is to provide the lender/client with an accurate,

How to fill out exterior-only inspection residential appraisal

How to fill out exterior-only inspection residential appraisal:

1. Start by gathering all the necessary information about the property, such as its address, size, and any recent renovations or upgrades.
2. Begin the inspection by taking note of the property's exterior condition. Inspect the roof, siding, windows, doors, and any other visible features. Document any damages or necessary repairs.
3. Move on to the landscaping and outdoor areas. Assess the condition of the lawn, trees, shrubs, and any other outdoor structures. Note any maintenance or improvements needed.
4. Take detailed measurements of the property's exterior dimensions, including the lot size and any additional structures such as garages or sheds.
5. Evaluate the overall curb appeal of the property, including its location, street appeal, and any unique architectural features that may add value.
6. If applicable, inspect any exterior amenities such as patios, decks, or swimming pools. Assess their condition and note any repairs or updates required.
7. Finally, compile all the gathered information and fill out the residential appraisal form, providing accurate and detailed descriptions of the property's exterior condition and features.

Who needs exterior-only inspection residential appraisal:

1. Homeowners who are looking to sell their property and want to determine its market value without an extensive interior evaluation.
2. Lenders who require an appraisal for mortgage refinancing or loan approval but don't need a full interior inspection.
3. Insurance companies that need a valuation of the property for coverage purposes.
4. Real estate investors who are considering purchasing a property and want to assess its exterior condition and potential value before making an offer.
5. Local government agencies or tax assessors who need to determine property values for taxation purposes.

Remember, it's always important to consult with a licensed and experienced appraiser to ensure the accuracy and compliance of the exterior-only inspection residential appraisal.

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What is exterior-only inspection residential appraisal?

Exterior-only inspection residential appraisal is a type of appraisal where the appraiser only evaluates the exterior of a property, without going inside.

Who is required to file exterior-only inspection residential appraisal?

Appraisers who are hired to assess the value of a property using an exterior-only inspection approach are required to file exterior-only inspection residential appraisal reports.

How to fill out exterior-only inspection residential appraisal?

To fill out an exterior-only inspection residential appraisal, appraisers need to thoroughly assess the exterior of the property, take detailed notes, and provide an accurate valuation based on their findings.

What is the purpose of exterior-only inspection residential appraisal?

The purpose of exterior-only inspection residential appraisal is to provide an estimate of the value of a property by evaluating only its exterior features, such as the condition of the roof, siding, and landscaping.

What information must be reported on exterior-only inspection residential appraisal?

Information such as the property's exterior condition, neighborhood, comparable properties, and any other relevant details must be reported on an exterior-only inspection residential appraisal.