The most widely used appraisal report for a single-family residential property, this assessment includes a full interior and exterior inspection. This report is used to estimate the market value of: One-unit, single family residential properties, single-family dwellings with an accessory unit and dwellings in a planned unit development (PUD). In addition to using the Sales Comparison Approach to determine value, this report may also consider the Cost Approach and /or Income Approach if deemed necessary to produce credible results.

This report is used to estimate the market value of a one-unit, single-family residential property. It is based on an exterior inspection from the street; therefore, certain extraordinary assumptions about the property’s interior and site attributes are made. The Sales Comparison Approach is developed and the appraiser may also consider the Income Approach to value and the Cost Approach if either is deemed necessary to produce credible results.

Condominium appraisals are reported on the Individual Condominium Unit Appraisal. The assessment includes a full interior and exterior inspection of the subject unit and a concise analysis of the project and market. The Sales Comparison Approach is used to determine value and occasionally the Income Approach typically the Cost Approach and /or Income Approach if deemed necessary to produce credible results.

The Exterior-Only Individual Condominium Unit Appraisal Report (Form 1075) is used to assess the value of individual condominium units. The Sales Comparison Approach is developed and the report may also consider the Income Approach to value. Because of common building components and development improvements the Cost Approach is not typically used in the valuation of an individual condominium unit.

An appraisal of a manufactured home (any dwelling built on a permanent chassis and attached to a permanent foundation) requires the use of form 1004C. Completion of this form helps to ensure that the appraiser inspected, considered, and/or reported (as applicable) all appropriate information pertaining to manufactured homes. In addition to using the Sales Comparison Approach to determine value, this report may also consider the Cost Approach and /or Income Approach if deemed necessary to produce credible results.

Two-to-Four Unit Residential Appraisal - Appraisals of two-to-four unit residential properties are reported using the Small Residential Income Property Appraisal Report. This report includes an analysis of competitive listings, cost approach, competitive rents, income production and sales comparisons. This report also contains operating income statement and rental comparables. In addition to utilizing the Sales Comparison Approach to determine value, this report also contains the Income Approach and if deemed necessary to produce credible results the Cost Approach.