LandSafe Appraisal offers comprehensive appraisal services,
reports, reviews, automated valuation modules, GAP products
and additional products designed to meet your specific needs.
Single-Family Residential Appraisal (1004)
This report is completed on the URAR form 1004 and provides
the benefit of a full interior and exterior inspection of
the subject property. This report is used to estimate the
market value of the subject property as defined in Uniform
Standard of Professional Appraisal Practice (USPAP), and is
completed in compliance with LandSafe and customer guidelines.
The product includes the following attachments: a completed
URAR form, subject property photos including front, rear,
street scene and any amenities substantially affecting marketability
and/or value, comparable sales photographs, flood map if property
is located in a flood prone area, a floor plan sketch with
exterior dimensions and gross living area calculations, location
map showing accurate locations of the subject and all sales
utilized in the report and appropriate certifications and
Single-Family Residential Appraisal, Non-Owner Occupied
This report is similar in all respects to the standard Single
Family Residential Appraisal with the following additions:
A completed Single Family Rent Schedule (form 1007) and an
Operating Income Statement (form 216).
Manufactured Homes (1004C)
Appraisals of manufactured homes, any dwelling unit built on a permanent chassis and attached to permanent foundation, require the use of form 1004C. All manufactured home appraisals must be completed on the 1004C. Form 1004C will help to ensure that the appraiser inspected, considered, and/or reported (as applicable) the appropriate information including, but not limited to: manufacturer's name, trade or model name, year of manufacture, serial number, certification label number(s) from either the HUD date plate or certification label(s), type of foundation and utility connections, detailed and supported cost approach, opinion of the market value of the site and the property's conformity to the neighborhood.
Two-to-Four Unit Residential Appraisal (1025)
Appraisals of two-to-four unit residential properties are
reported utilizing the Small Residential Income Property Appraisal
Report. This report provides analysis of competitive listings,
cost approach, an analysis of competitive rents, and a sales
comparison analysis. Included in the attachments is a completed
operating income statement. Other attachments in a two-to-four
unit appraisal are: subject property photographs including
a front, rear and street scene, photographs of the comparable
rentals and comparable sales, location map detailing the locations
of the subject and all rentals, listings and sales utilized
in the report, a floor-plan sketch with exterior dimensions
and gross living area calculations for each unit and appropriate
certifications and limiting conditions.
Condominium Appraisal (1073)
Condominium appraisals are reported on the Individual Condominium Unit Appraisal Report and comply with USPAP, LandSafe, and customer guidelines. Effective January 1, 2006, condominium appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior inspection of the subject unit is made and a concise analysis of the project and market are provided. Attachments comparable to those included with the single-family residential report are also included in the condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating income statement.
Cooperative Interest Appraisal (2090)
Appraisals of Cooperative Units are reported on the Individual
Cooperative Interest Appraisal Report. A complete interior
and exterior inspection of the subject unit and the project
is made and a concise analysis of the project is reported.
The form also includes the number of shares attributable to
the subject unit, monthly maintenance fees, total number of
shares outstanding for the project and blanket financing information.
Underlying mortgage information is also a required reporting
component and includes: outstanding balance, monthly payment,
rate, type of mortgage, mortgage due date and tax information.
A complete cooperative appraisal includes the following attachments:
sketch showing interior unit dimensions and gross living area
calculations, interior subject photographs, exterior subject
photographs and project amenities, photographs of the exterior
of each comparable sale, a map detailing the location of the
subject and all comparable sales considered in the report
and appropriate certifications and limiting conditions.
To download a FNMA Appraisal form from the FNMA website, click on the following link: