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REAL PROPERTY APPRAISAL OF PROPERTY KNOWN AS3949 Tucker Street Block: 3801, Lots: 15 Trenton, NJ 08618PREPARED FOR Alt Cap USA 67 Prospect Avenue Suite 7C Hewlett, NY 11557As Of July 27, 2018PREPARED

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How to fill out real property appraisal

01

Begin by collecting all necessary information about the real property, such as its address, size, and any recent renovations or additions.

02

Research similar properties in the area to gather data on their market value and recent sales prices.

03

Take detailed photographs of both the exterior and interior of the property for reference.

04

Evaluate the condition and quality of the property, considering factors such as its age, structural integrity, and overall appeal.

05

Analyze any unique features or amenities that may contribute to the property's value, such as a swimming pool, fireplace, or upgraded kitchen.

06

Consider the location of the property and its proximity to amenities like schools, parks, and shopping centers.

07

Calculate the property's value using various appraisal methods, such as the sales comparison approach, income approach, or cost approach.

08

Prepare a detailed report that includes all relevant information, including the property's appraised value, methodology used, and any assumptions made.

09

Review the completed appraisal for accuracy and completeness before submitting it to the intended recipient, such as a lender, buyer, or governmental agency.

Who needs real property appraisal?

01

Real property appraisal is needed by various individuals and organizations, including:

02

- Homeowners or potential sellers who want to determine the market value of their property.

03

- Buyers who need an appraisal to secure financing for a real estate transaction.

04

- Lenders who require appraisals to assess the collateral value of a property before approving a mortgage or loan.

05

- Real estate agents or brokers who need an accurate appraisal to assist clients in buying or selling properties.

06

- Insurance companies that need to evaluate the value of a property for insurance purposes.

07

- Governmental agencies for tax assessment, eminent domain cases, or property valuation for public projects.

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What is real property appraisal?

Real property appraisal is the process of estimating the value of a property based on factors such as location, size, condition, and market trends.

Who is required to file real property appraisal?

Property owners or authorized representatives are required to file real property appraisal.

How to fill out real property appraisal?

Real property appraisal can be filled out by providing detailed information about the property, including its physical characteristics, location, and recent sales of similar properties.

What is the purpose of real property appraisal?

The purpose of real property appraisal is to determine the fair market value of a property for various purposes such as taxation, financing, and sales transactions.

What information must be reported on real property appraisal?

Information that must be reported on real property appraisal includes property details, recent sales data, and any improvements made to the property.

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