Cook Illinois Seller's Information for Appraiser provided to Buyer

• Category: Illinois Real Estate - Home Sale
• State: Illinois
• County: Cook
• Control #: IL-00472-2
• Format: Word; Rich Text

Description

This Seller's Information for Appraiser provided to Buyer form is used by the Buyer in Illinois to provide information required by an appraiser in order to conduct an appraisal of the property prior to purchase. The Seller provides this completed form to the Buyer, who furnishes it to the appraiser. This form is designed to make the transaction flow more efficiently. Cook Illinois Seller's Information for Appraiser provided to Buyer serves as a comprehensive resource that facilitates the appraisal process by providing crucial details about the property being sold in Cook County, Illinois. This information is vital for appraisers as it enables them to accurately assess the value of the property. Below are some key elements covered in Cook Illinois Seller's Information for Appraiser provided to Buyer: 1. Property Details: The report contains essential information about the property, including its physical attributes such as the lot of size, square footage, number of bedrooms and bathrooms, architectural style, and any additional features like a swimming pool or garage. 2. Legal Description: This section provides the legal description of the property, including the specific boundaries, subdivision name (if applicable), and identification numbers such as the PIN (Property Index Number) or Tax ID. 3. Ownership History: Cook Illinois Seller's Information for Appraiser also includes details about the property's ownership history. It lists previous owners, the dates of purchase and sale, and any transfers or encumbrances on the title. 4. Comparable Sales: Appraisers rely on recent comparable sales to determine the fair market value of a property. The report presents a list of similar properties in the vicinity that have been recently sold, including their sale prices, dates, and relevant characteristics. 5. Property Taxes: This section of the report provides information about current and historical property tax assessments, including the tax rate, exemptions, and any outstanding unpaid taxes. 6. Zoning and Planning: Cook Illinois Seller's Information for Appraiser also highlights the zoning designation of the property, allowing appraisers to understand its permitted usage and any restrictions. This section may also cover future development plans or any pending zoning changes. 7. Special Assessments: If there are any special assessments imposed on the property, such as for local improvement projects or homeowner associations, they will be outlined in this section. 8. Environmental Disclosures: Cook Illinois Seller's Information for Appraiser may include any known environmental hazards or disclosures that the seller is required to provide, such as the presence of lead paint, asbestos, radon, or underground storage tanks. Different versions or variations of Cook Illinois Seller's Information for Appraiser may exist, depending on the specific requirements and regulations set by different stakeholders. However, the aim is always to provide appraisers with accurate and up-to-date information to ensure a comprehensive valuation of the property.

Cook Illinois Seller's Information for Appraiser provided to Buyer serves as a comprehensive resource that facilitates the appraisal process by providing crucial details about the property being sold in Cook County, Illinois. This information is vital for appraisers as it enables them to accurately assess the value of the property. Below are some key elements covered in Cook Illinois Seller's Information for Appraiser provided to Buyer: 1. Property Details: The report contains essential information about the property, including its physical attributes such as the lot of size, square footage, number of bedrooms and bathrooms, architectural style, and any additional features like a swimming pool or garage. 2. Legal Description: This section provides the legal description of the property, including the specific boundaries, subdivision name (if applicable), and identification numbers such as the PIN (Property Index Number) or Tax ID. 3. Ownership History: Cook Illinois Seller's Information for Appraiser also includes details about the property's ownership history. It lists previous owners, the dates of purchase and sale, and any transfers or encumbrances on the title. 4. Comparable Sales: Appraisers rely on recent comparable sales to determine the fair market value of a property. The report presents a list of similar properties in the vicinity that have been recently sold, including their sale prices, dates, and relevant characteristics. 5. Property Taxes: This section of the report provides information about current and historical property tax assessments, including the tax rate, exemptions, and any outstanding unpaid taxes. 6. Zoning and Planning: Cook Illinois Seller's Information for Appraiser also highlights the zoning designation of the property, allowing appraisers to understand its permitted usage and any restrictions. This section may also cover future development plans or any pending zoning changes. 7. Special Assessments: If there are any special assessments imposed on the property, such as for local improvement projects or homeowner associations, they will be outlined in this section. 8. Environmental Disclosures: Cook Illinois Seller's Information for Appraiser may include any known environmental hazards or disclosures that the seller is required to provide, such as the presence of lead paint, asbestos, radon, or underground storage tanks. Different versions or variations of Cook Illinois Seller's Information for Appraiser may exist, depending on the specific requirements and regulations set by different stakeholders. However, the aim is always to provide appraisers with accurate and up-to-date information to ensure a comprehensive valuation of the property.