Category: Appraisal Q & A

Condominium Unit Appraisal Report

imagesCondominium Unit Appraisal Report

FNMA 1073 Individual Condominium Unit Appraisal Report (Owner Occupied Properties)

The FNMA 1073 appraisal report consists of a visual interior and exterior observation of the subject property and a visual observation from street of all comparable sales used to support the value conclusion. Photographs include interior, front, rear and street scene photographs of the subject property and front photographs of all comparable sales. Also included: an interior floor plan sketch, Market Condition Addendum, Zip Code Statistics, aerial view of subject property, aerial assessor map, assessor map, and a location map (indicating location of the subject and comparables).

Priority Appraisal and Mortgage Services Inc. is a residential appraisal firm experience in all areas of residential appraising in the Tampa Bay area. Focused in the Pasco, Pinellas and Hillsborough counties for the past 14 years. At Priority Appraisal and Mortgage Services, Inc. our customers are our priority. We provide fast accurate appraisals in a timely manner. We go above and beyond to fulfill your needs with any and all additional market information to serve your requirements. For more appraisal info visit: http://PriorityAppraisalandMortgageServicesInc.appraiserxsites.com or call Shari Peterman directly at 727-505-6706. I look forward to hearing from you.

Condominium Unit Appraisal Report

Residential Appraisal Report

Appraisal termsResidential Appraisal Report

URAR – FNMA 1004 Uniform Residential Appraisal Report (Rental/Investment Properties)

The FNMA 1004 appraisal report, in conjunction with a Single Family Comparable Rent Schedule (FNMA 1007) and an Operating Income Statement (FNMA 216), consists of a visual interior and exterior observation of the subject property and a visual observation from street of all comparable sales used to support the value conclusion. Photographs include front, rear and street scene photographs of the subject property and front photographs of all comparable sales. Also included: an interior floor plan sketch, interior photographs of the subject property, Market Condition Addendum, Zip Code Statistics, aerial view of subject property, aerial assessor map, assessor map, a location map (indicating location of the subject and comparables) and plat/survey if available.

Priority Appraisal and Mortgage Services Inc. is a residential appraisal firm experience in all areas of residential appraising in the Tampa Bay area. Focused in the Pasco, Pinellas and Hillsborough counties for the past 14 years. At Priority Appraisal and Mortgage Services, Inc. our customers are our priority. We provide fast accurate appraisals in a timely manner. We go above and beyond to fulfill your needs with any and all additional market information to serve your requirements. For more appraisal info visit: http://PriorityAppraisalandMortgageServicesInc.appraiserxsites.com or call Shari Peterman directly at 727-505-6706. I look forward to hearing from you.

Appraisal Profession

images3Appraisal Profession

Summary

Appraisers and assessors prepare current data before visiting properties.
Quick Facts: Appraisers and Assessors of Real Estate
2012 Median Pay $49,540 per year
$23.82 per hour
Entry-Level Education Bachelor’s degree
Work Experience in a Related Occupation None
On-the-job Training Long-term on-the-job training
Number of Jobs, 2012 83,700
Job Outlook, 2012-22 6% (Slower than average)
Employment Change, 2012-22 4,700

What Appraisers and Assessors of Real Estate Do

Appraisers and assessors of real estate estimate the value of land and the buildings on the land usually before it is sold, mortgaged, taxed, insured, or developed.

Work Environment

Although appraisers and assessors of real estate work in offices, they often spend a large part of their day visiting properties. Most work full time during regular business hours.

How to Become an Appraiser or Assessor of Real Estate

All appraisers and assessors must be licensed or certified, but requirements vary widely.  To obtain a license, appraisers of residential real property usually must have at least an associate’s degree, and appraisers of more complex residential or commercial property usually must have at least a bachelor’s degree. For assessors, most states set education and experience requirements that an assessor must meet in order to practice.

Pay

The median annual wage for appraisers and assessors of real estate was $49,540 in May 2012.

Job Outlook

Employment of appraisers and assessors of real estate is projected to grow 6 percent from 2012 to 2022, slower than the average for all occupations. Employment opportunities should be best in areas with active real estate markets. Workers should expect strong competition for jobs.

Similar Occupations

Compare the job duties, education, job growth, and pay of appraisers and assessors of real estate with similar occupations.

More Information, Including Links to O*NET

Learn more about appraisers and assessors of real estate by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.

 

Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2014-15 Edition, Appraisers and Assessors of Real Estate,
on the Internet at http://www.bls.gov/ooh/business-and-financial/appraisers-and-assessors-of-real-estate.htm (visited September 06, 2014).