Exterior-Only Inspection Residential Appraisal Report (FNMA 2055)
Your Appraisal Form for One-Unit Properties Based on Exterior-Only Inspections
The Exterior-Only Inspection Residential Appraisal Report (FHLMC 2055/FNMA 2055) is used for appraisals of one-unit properties and units in PUDs based on exterior-only property inspections. Appraisals reported on this form must be completed in accordance with the UAD Specification. This report form is not designed to report an appraisal of a manufactured home or a unit in a condominium or cooperative project.
Common sections featured on an Exterior-Only Inspection Residential Appraisal Report include:
- Basic information including address, legal description, owner’s and/or borrower’s names
- Information on the contract for sale
- Information pertaining to the neighborhood, such as location, growth trends and characteristics.
- Analysis of comparison to recent sales of similar properties
An Exterior-Only Inspection Residential Appraisal Report allows an appraiser to document observations based off of the following actions:
- An exterior inspection of the subject property
- A street map that shows the location of the subject property and of all comparables used
- Clear, descriptive photographs of the subject property and of the comparable sales used
- Any other data necessary to provide an adequately supported opinion of market value
The TruValue Difference
TruValue prides itself on producing the most accurate and timely appraisals possible by:
- Using Intelligent Quality Control, our pro-active quality control process that leads to more one-touch appraisals
- Organizing customer service around you, with a single point of contact – no more being transferred from person to person
- Being singularly focused on residential real estate valuation and your success
TruValue offers an Exterior-Only Inspection Residential Appraisal Report as part of its suite of residential appraisal products. To learn more about TruValue’s appraisal services, contact us today at 561-568-5515.
When you order an appraisal report from us, you can expect. . . .
- Prompt response to your initial inquiry: We will give you personalized information for your particular appraisal need. Just tell us your situation and we will make suggestions. Do you want to sell your home quickly or for the highest value?
- Quick turnaround time: Typically 2-3 days from the date the request is received. If you've chosen to receive a copy of your appraisal or consulting report via the Internet (EDI), you'll receive it within MINUTES of its completion.
- Appraisal and consulting reports formats to suit YOUR needs: When it comes to appraisal and consulting, "One size does NOT fit all!" We offer a variety of report types and delivery methods. We can deliver your report attached to a standard email, or notify you of an Internet site to download your report, the MINUTE it's completed!
- Quick response to follow-up questions: Our reports are clearly written, understandable, and meet or exceed the Uniform Standards of Professional Practice that governs the appraisal practice. If you have any questions regarding your appraisal, after you've read the report, we encourage you to email or call us!