What items do you require/desire from a client when they submit an Appraisal assignment for an existing residential 1-4 family purchase or refinance with conventional financing?
I’d also like addtional items required for other conditions, such as other types of financing, new construction, etc.
If the client does not provide the required/desired info and the info is available from another source (such as the courthouse records), are you required to obtain this info from the other source? Or is it adequate to use what the client provides and document this in the Appraisal Report?
I’ve identified the following items so far:
client info
subject address
purpose of the appraisal
type of appraisal required
type of appraisal report required
purchaser
current owner
contact info so able to schedule inspection
proposed sales information
copy of contract
price
financing conditions
date contract signed
Lender
property title information
warranty deed
all existing liens
easement information
special info required for this appraisal
flood map
county assessor map
MSA map
method to deliver the report (email, fax, mail, etc)
any other relevant comments
new construction
blueprints
builder’s name/contact info
I’d also like addtional items required for other conditions, such as other types of financing, new construction, etc.
If the client does not provide the required/desired info and the info is available from another source (such as the courthouse records), are you required to obtain this info from the other source? Or is it adequate to use what the client provides and document this in the Appraisal Report?
I’ve identified the following items so far:
client info
subject address
purpose of the appraisal
type of appraisal required
type of appraisal report required
purchaser
current owner
contact info so able to schedule inspection
proposed sales information
copy of contract
price
financing conditions
date contract signed
Lender
property title information
warranty deed
all existing liens
easement information
special info required for this appraisal
flood map
county assessor map
MSA map
method to deliver the report (email, fax, mail, etc)
any other relevant comments
new construction
blueprints
builder’s name/contact info