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Presley McKenna & Associates, Inc. Uniform Residential Appraisal Reportable No. 18032Z8SUBJECTThe purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately
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How to fill out uniform residential appraisal report

01
Begin by reviewing the property details section and fill in the required information such as property address, legal description, and owner information.
02
Proceed to fill out the neighborhood section by providing details on the neighborhood and any external factors that may impact the property value.
03
Complete the site section by detailing information about the property site, including size, topography, and any improvements present.
04
Move on to the improvements section and provide details on the property's structure, condition, and amenities.
05
Fill out the sales comparison approach section by comparing the subject property to recently sold properties in the area.
06
Complete the cost approach section by estimating the cost to replace the property with a similar one.
07
Finish by filling out the reconciliation section, where you summarize the findings from the different approaches and arrive at a final valuation for the property.

Who needs uniform residential appraisal report?

01
Lenders who require an appraisal before approving a mortgage loan.
02
Real estate agents who need an accurate valuation of a property for listing purposes.
03
Homeowners looking to refinance their mortgage or sell their property.
04
Investors who need to assess the value of a property before making a purchase decision.
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The uniform residential appraisal report is a standardized document used by appraisers to provide an opinion of value for a residential property.
Appraisers are required to file the uniform residential appraisal report.
The uniform residential appraisal report is filled out by the appraiser after conducting a thorough inspection and analysis of the property.
The purpose of the uniform residential appraisal report is to provide an accurate and unbiased estimate of the value of a residential property.
The uniform residential appraisal report must include details about the property, comparable sales, market conditions, and the appraiser's valuation method.
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