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File No. SUMMARY APPRAISAL REPORT OF THE REAL PROPERTY LOCATED AT 257 PARKS IDE CIRCLE PORT ST. JOE, FL 32456 for HANCOCK BANK 523 FLORIDA AVENUE SW DUNHAM SPRINGS, LA 70726 as of 12/06/2007 by GUS

How to fill out summary appraisal report

How to fill out summary appraisal report:

1. Start by gathering all necessary information and documentation related to the property being appraised. This may include property owner information, property details, transaction history, and any relevant legal or financial documents.
2. Begin filling out the basic information section of the summary appraisal report. This typically includes the property address, owner’s name, appraiser’s name, and the purpose of the appraisal.
3. Proceed to the property description section, where you will provide a detailed overview of the property's physical characteristics such as its size, layout, number of rooms, amenities, and any other notable features.
4. Moving on to the sales comparison approach section, compare the subject property to recently sold similar properties in the area. Include details about the comparable properties, their sale prices, and any adjustments made to account for differences between them and the subject property.
5. In the cost approach section, estimate the cost of rebuilding or replacing the subject property by considering factors such as construction and material costs, depreciation, and land value. Provide a breakdown of these calculations and adjustments.
6. If applicable, fill in the income approach section which is commonly used for commercial or rental properties. This involves analyzing the property's potential income, expenses, and applying market capitalization rates to determine its value.
7. Include any relevant additional comments or explanations in the report. This could refer to specific challenges or unique characteristics of the property, any extraordinary assumptions made during the appraisal process, or any other factors that might impact its value.

Who needs a summary appraisal report?

1. Homeowners looking to sell their property may require a summary appraisal report to determine an appropriate listing price.
2. Buyers seeking to purchase a property may need a summary appraisal report to assess its value and negotiate a fair price.
3. Financial institutions, such as banks or mortgage lenders, often request summary appraisal reports to evaluate the collateral value of a property for loan purposes.
4. Real estate agents and brokers may use summary appraisal reports to support their expertise and justify listing prices to clients.
5. Executors or administrators handling an estate may need a summary appraisal report to assess the value of the property for probate or inheritance purposes.
6. Appraisal management companies may require summary appraisal reports when managing and coordinating appraisals for multiple properties.
7. Government agencies may request summary appraisal reports for various purposes, such as property tax assessments, land use planning, or eminent domain proceedings.

Remember, it's important to consult with a certified or licensed appraiser to ensure you comply with any specific guidelines or regulations pertaining to summary appraisal reports in your jurisdiction.

For pdfFiller’s FAQs

What is summary appraisal report?

The summary appraisal report is a document that provides a brief overview and evaluation of the appraisal process and findings.

Who is required to file summary appraisal report?

Property owners or individuals who have their properties appraised are required to file a summary appraisal report.

How to fill out summary appraisal report?

To fill out a summary appraisal report, one must provide details about the property, appraisal methods used, and the final appraisal value.

What is the purpose of summary appraisal report?

The purpose of the summary appraisal report is to provide a concise review of the appraisal process and results for interested parties.

What information must be reported on summary appraisal report?

The summary appraisal report must include details about the property being appraised, the methodology used, the appraiser's qualifications, and the final appraisal value.

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