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Bankers Institute of the Philippines, Inc. (BASOPHIL) Tel. Nos. (02) 8534457 or (02) 5192433 Email: Training@baiphil.org Website: www.baiphil.orgBankers Institute of the Philippines, Inc. (BASOPHIL) cordially

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How to fill out basic real estate appraisal

01

Gather necessary information including property details, comparable sales data, and market trends.

02

Inspect the property both inside and out, noting any upgrades or damages.

03

Determine the property's value based on the gathered information and market analysis.

04

Compile all the information into a detailed report, including photos and supporting documents.

05

Present the appraisal report to the client or lender for review and approval.

Who needs basic real estate appraisal?

01

Homebuyers looking to determine the value of a property before making a purchase.

02

Lenders needing to assess the value of a property for a mortgage or loan.

03

Real estate agents wanting to accurately price a property for listing.

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What is basic real estate appraisal?

Basic real estate appraisal is a process used to determine the value of a property based on various factors such as location, condition, and market trends.

Who is required to file basic real estate appraisal?

Property owners, real estate agents, and appraisers are typically required to file basic real estate appraisals depending on local regulations.

How to fill out basic real estate appraisal?

To fill out a basic real estate appraisal, one must gather necessary property information, assess the conditions, and apply standardized appraisal forms as per local regulations.

What is the purpose of basic real estate appraisal?

The purpose of basic real estate appraisal is to provide an objective estimate of a property's value for purposes such as sales, financing, and taxation.

What information must be reported on basic real estate appraisal?

Reporting on basic real estate appraisal generally includes property details, market analysis, comparable sales, and any improvements made.

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