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Appraisal Review Techniques FOR SINGLE FAMILY HOUSINGAPPRAISAL REVIEW TECHNIQUES FOR SINGLE FAMILY HOUSING 2020 Arch Mortgage Insurance Company. All Rights Reserved.1Table of ContentsIntroduction
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How to fill out uniform residential appraisal report

01
Gather all the necessary information such as property details, recent sales data, and comparables.
02
Start by filling out the subject section with details about the property being appraised.
03
Move on to the neighborhood section where you provide information about the neighborhood the property is located in.
04
Fill out the site section with details about the land the property is built on.
05
Complete the improvements section with information about the physical condition and characteristics of the property.
06
Provide details about the comparable sales used in the appraisal in the comparables section.
07
Include any additional comments or explanations in the addendum section.
08
Review the completed report for accuracy before submitting it.

Who needs uniform residential appraisal report?

01
Lenders: Lenders require a uniform residential appraisal report to assess the value of a property before approving a mortgage.
02
Real estate agents: Real estate agents may need a uniform residential appraisal report to help determine the listing price of a property.
03
Homeowners: Homeowners may request a uniform residential appraisal report to understand the value of their property before selling or refinancing.
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The Uniform Residential Appraisal Report is a standardized form used by appraisers to report on the valuation of residential properties.
Appraisers hired to conduct valuation of residential properties are required to file the Uniform Residential Appraisal Report.
The Uniform Residential Appraisal Report must be filled out by including all relevant information about the property being appraised, including details about the property's condition, location, and comparable sales data.
The purpose of the Uniform Residential Appraisal Report is to provide an unbiased and reliable estimate of the value of a residential property.
The Uniform Residential Appraisal Report must include details about the subject property, comparable sales data, the appraiser's valuation approach, and any factors that affect the property's value.
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