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This document allows sellers to waive appraisal rights and accept a negotiated settlement for property within CBG projects, ensuring compliance with Wisconsin law.
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What is Waiver of Appraisal and Fair Market Value Form?

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A waiver of appraisal is a legal document that allows a party to forgo the right to have a property appraised before a transaction, such as a sale or refinancing.
Typically, the borrower or property owner is required to file a waiver of appraisal, particularly in cases where a lender allows for an expedited process.
To fill out a waiver of appraisal, individuals generally need to provide basic information including the property address, details of the transaction, and signatures of both parties involved.
The purpose of a waiver of appraisal is to speed up the transaction process and reduce associated costs by eliminating the need for a formal appraisal.
Information that must be reported typically includes the property details, loan amount, parties involved, and any relevant disclosures.
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