If you have ordered an appraisal, please fill out the scope of work form below. If you have any questions, call us or send us an email. Thank you. |
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You have requested us to
perform an appraisal assignment. According to the Standards of the Appraisal
practice, we must define the Scope of the Work to be performed prior
to accepting the assignment; Please help us by identifying the following: |
Address
of the property: |
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Effective date of
the appraisal: |
Inspection
Other
(please specify)
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Intended User(s): |
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Intended
Use: |
Mortgage Lending Decision
Marketing |
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This appraisal
will be performed according to USPAP and Fannie Mae requirements. |
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- A visual inventory will be taken on
the interior of the premises by walk through with the addition of an
exterior inspection of the subject and comparable properties; and subject's
market area. The subject property will be inspected on the exterior
and will include front, street and rear photos. The site visit will
not include any functions of a home inspector. The appraisal report
will not serve as a home inspection.
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- The three approaches to value may be
considered for this assignment; however, unless the property is of new
construction and/or income producing, the Cost and/or Income approaches
to value will typically not be developed; the Sales comparison approach
to value will be given the major consideration in the final value estimate.
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Please list below
the requested approaches to value, any extraordinary assumptions and/or
hypothetical conditions, and any other requirements. These requirements
may result in additional fee (s). |
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Once the report
is delivered to you, any additional requirements or changes will constitute
a new assignment. |
If you have any
questions, do not hesitate to contact us. Thank you for your business. |
Diehl Jones and Associates |
Name: |
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Title: |
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Email address: |
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Definition of Market Value:
The most probable price which a property should bring in a competitive
and open market under all conditions requisite to a fair sale, the buyer
and seller, each acting prudently, knowledgeably and assuming the price
is not affected by undue stimulus. Implicit in this definition is the
consummation of a sale as of a specified date and the passing of title
from seller to buyer under conditions whereby: (1) buyer and seller are
typically motivated: (2) both parties are well informed advised, and each
acting in what he considers his own best interest: (3) a reasonable time
is allowed for exposure in the open market: (4) payment is made in terms
of cash in U. S. dollars or in terms of financial arrangements comparable
thereto; and (5) the price represents the normal consideration for the
property sold unaffected by special or creative financing or sales concessions
by anyone associated with the sale. |
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