What is Uniform residential appraisal report template excel?

The Uniform Residential Appraisal Report template in Excel is a standardized format used by appraisers to document their assessment of a residential property's value. This template includes sections for property details, comparisons with similar properties, and the appraiser's final opinion.

What are the types of Uniform residential appraisal report template excel?

There are several types of Uniform Residential Appraisal Report templates in Excel available, each tailored to different types of residential properties. Some common types include:

Single-Family Residence template
Multi-Family Residence template
Condominium template
Vacant Land template

How to complete Uniform residential appraisal report template excel

Completing a Uniform Residential Appraisal Report template in Excel requires attention to detail and thorough analysis. To successfully complete the template, follow these steps:

01
Fill in all relevant property details accurately.
02
Provide detailed descriptions of the property's condition and features.
03
Include thorough comparable sales data for accurate valuation.
04
Ensure all calculations are correct and supported by evidence.

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Video Tutorial How to Fill Out Uniform residential appraisal report template excel

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Questions & answers

The purpose of this summary appraisal report is to provide the lender/client with an accurate, and adequately supported, opinion of the market value of the subject property.
Bank appraisal: Banks and other lending institutions use URAR to determine the market value of a property before approving a loan. The report helps lenders assess the risk associated with lending money to a borrower, as it provides an unbiased assessment of the property's value.
Uniform Residential Appraisal Report Form 70 is designed to report the results of an appraisal of a 1-unit property, including a unit in a Planned Unit Development (PUD), a Detached Condominium Unit or a 1-unit property with an accessory unit. An interior and exterior inspection of the subject property is required.
The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal. The form, which allows for standard reporting and analysis of single family dwellings, applies to a one-unit property or one-unit property with an accessory unit.
Form 1073 is the second most commonly used property appraisal form for residential properties. This form is used for appraising condominiums. Essentially, it is the same form as Form 1004 and also serves the same purpose. However, keep in mind that the form is modified for condos.
Uniform Residential Appraisal Report (Desktop) Form 70D must be used when completing a desktop appraisal. This report is similar in format to Form 70, but when using Form 70D, the appraiser must provide a floor plan in addition to a building sketch. Related Guide Bulletins. Issue Date. Bulletin 2022-2.