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File No. DESKTOP RESTRICTED USE APPRAISAL REPORT Loan No. FOR INTERNAL RISK ANALYSIS VALUE ESTIMATED FROM PUBLIC RECORD DATA ONLY, NO PROPERTY INSPECTION PERFORMED UNLESS OTHERWISE STATED. Intended
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How to fill out desktop restricted use appraisal

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How to fill out desktop restricted use appraisal:

01
Start by gathering all the necessary information for the appraisal. This may include property details, market data, and any specific requirements or guidelines provided.
02
Begin the appraisal by accurately describing the property being evaluated. Include details such as the location, size, condition, and any unique features or characteristics.
03
Use relevant market data to determine the property's value. This may involve comparing recent sales of similar properties in the area or utilizing specialized appraisal software.
04
Assess any restrictions or limitations that may impact the property's value. For a desktop restricted use appraisal, you may need to consider factors such as limited access to the property, lack of physical inspection, or reliance on third-party information.
05
Clearly state any assumptions or limitations made during the appraisal process. This is important to provide transparency and ensure the accuracy of the evaluation.
06
Include a final value estimate based on your analysis and calculations. This should be supported by the data and evidence presented throughout the appraisal report.
07
Review the completed appraisal to ensure accuracy, clarity, and compliance with any applicable industry standards or regulations.
08
Submit the desktop restricted use appraisal to the appropriate party or client, following any specific submission requirements or protocols.

Who needs desktop restricted use appraisal?

01
Real estate lenders: Lenders may require a desktop restricted use appraisal to assess the value of a property when making lending decisions or determining loan terms. This appraisal type allows for a more time-efficient and cost-effective evaluation compared to traditional full appraisals.
02
Property investors: Investors who are considering purchasing or refinancing properties may commission desktop restricted use appraisals to quickly gauge the potential value and feasibility of their investment.
03
Tax assessors: In some cases, tax assessors may use desktop restricted use appraisals to assist in determining property values for tax assessment purposes. These appraisals can provide a more efficient way to assess numerous properties without conducting physical inspections for each one.
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Desktop restricted use appraisal is a type of real estate appraisal that is completed without a physical inspection of the property.
Certain lenders or financial institutions may require a desktop restricted use appraisal for loan purposes.
To fill out a desktop restricted use appraisal, the appraiser uses data and information available online or through other sources to determine the property's value.
The purpose of a desktop restricted use appraisal is to provide an estimate of a property's value without the need for a physical inspection.
A desktop restricted use appraisal should include information on the property's location, size, condition, and recent sales of comparable properties.
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