- Jan 13, 2002
- Professional Status
- Retired Appraiser
The following is from the Fannie Mae Form 1004B 6-93:
I've started this as a new thread because another thread has gone into this discussion. This is from the FNMA form that most of us add to appraisals for lenders. This was written by Fannie Mae and this is what they want included. When we sign this, we are stating that this is what we have done.APPRAISER'S CERTIFICATION: The appraiser certifies and agrees that:
1. I have researched the subject market area and have selected a minimum of three recent sales of properties most similar and proximate to the subject property for consideration in the sales comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those items of significant variation. If a significant item in a comparable property is superior to, or more favorable than, the subject property, I have made a negative adjustment to reduce the adjusted sales price of the comparable and, if a significant item in a comparable property is inferior to, or less favorable than the subject property, I have made a positive adjustment to increase the adjusted sales price of the comparable.
2. I have taken into consideration the factors that have an impact on value in my development of the estimate of market value in the appraisal report. I have not knowingly withheld any significant information from the appraisal report and I believe, to the best of my knowledge, that all statements and information in the appraisal report are true and correct.