Tennessee Weighted Appraisal Document
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How to fill out Tennessee Weighted Appraisal Document?
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FAQ
Six modern performance appraisal methodsManagement by Objectives (MBO)360-Degree Feedback.Assessment Centre Method.Behaviorally Anchored Rating Scale (BARS)Psychological Appraisals.Human-Resource (Cost) Accounting Method.
Appraisers rely on the following three methods of establishing real estate property values:Sales comparison. This is the most common method, where appraisers value a property based on the recent selling prices of similar properties in the same neighborhood.Cost approach.Income approach.
Form 1004. Form 1004 is easily the most common and widely used property appraisal form. And this is because the form is used for single-family residential properties. You use Form 1004 when you have to perform an exterior and interior inspection.
The URAR is a form specifically designed to meet Fannie Mae's and Freddie Mac's need for an appraisal where the "Intended Use" is only "for the lender/client to evaluate the property for a mortgage finance transaction." The form also carries the "Freddie Mac Form 70" designation.
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.
This code is used to describe a single story craftsman home. DT2; Colonial: The DT stands for detached and 2 stands for 2 stories. The design of this house is Colonial. This code is used to describe a 2-story detached colonial home.
The predominant price found in an appraisal report is the appraiser's opinion of what price or price range appears most frequently in the market area defined by the appraiser in the report, based only upon the most comparable sales that closed in the past twelve months.
The prospective market value as stabilized reflects the property's market value as of the time the property is projected to achieve stabilized occupancy.
A 2-wheel-drive (2WD) car is just what it sounds like: only two of the car's wheels actually receive power.
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach.
