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Main File No. 0317WAL Page #1 APPRAISAL OF REAL PROPERTY LOCATED AT 810 N McKay Ave Dunn, NC 28334 FOR Planet Home Lending LLC AS OF 03/09/2017 BY T. Locke Godwin NC Certified Residential Real Estate
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How to fill out appraisal of real property
How to fill out appraisal of real property
01
Start by gathering all necessary documents related to the property you are appraising, such as financial records, property records, and any relevant contracts or agreements.
02
Research and gather information about the property's location, including its neighborhood, nearby amenities, and recent sales of similar properties in the area.
03
Inspect the property thoroughly, taking note of its condition, features, and any upgrades or renovations that have been done.
04
Analyze the gathered data and determine the appropriate valuation method to use for the appraisal, such as the sales comparison approach, income capitalization approach, or cost approach.
05
Apply the chosen valuation method and calculate the property's value based on the gathered information and analysis.
06
Prepare a detailed report summarizing the appraisal process, including the property's value, the methods used, and any supporting data or documentation.
07
Review and double-check the report for accuracy, ensuring that all information is presented clearly and professionally.
08
Submit the completed appraisal report to the relevant parties or organizations that require it, such as banks, lenders, or legal entities.
Who needs appraisal of real property?
01
Homeowners who are looking to sell their property and want to determine its market value accurately.
02
Homebuyers who want to ensure they are paying a fair price for a property they are interested in purchasing.
03
Real estate agents and brokers who need an appraisal to assist them in pricing a property correctly.
04
Banks and lending institutions that require appraisals before approving a mortgage or loan for a property.
05
Insurance companies that need to determine the value of a property for insurance coverage purposes.
06
Investors who are considering buying or selling real estate for investment purposes and need to assess the property's value.
07
Legal professionals involved in estate planning, divorce settlements, or other legal matters that require an accurate appraisal of real property.
08
Government agencies involved in property tax assessments or eminent domain cases that need to determine the value of real property.
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What is appraisal of real property?
An appraisal of real property is the process of estimating the value of a piece of real estate.
Who is required to file appraisal of real property?
Property owners or their representatives are required to file an appraisal of real property.
How to fill out appraisal of real property?
Appraisal of real property can be filled out by providing relevant property information such as location, size, condition, and recent sales data.
What is the purpose of appraisal of real property?
The purpose of appraisal of real property is to determine the fair market value of the property for tax or financial purposes.
What information must be reported on appraisal of real property?
Information such as property details, recent sales data, and the estimated value of the property must be reported on the appraisal of real property.
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