Individual Condominium Unit Appraisal Report (Form 1073)
Everything to Know About this Condo-specific Appraisal Form
An Individual Condominium Unit Appraisal Report (Form 1073) is for appraisals of one-unit properties in condo projects based on interior and exterior property inspections. Appraisals reported on this form must be completed in accordance with the UAD Specification. The form is similar to the Uniform Residential Appraisal Report (Form 1004) only it comes with additional condo-specific questions.
Common sections featured on this report include:
Basic information including address, legal description, owner’s and/or borrower’s names.
Information on the contract for sale.
Number of stories, common elements/recreational facilities, construction quality and parking facilities.
Unit description and condition.
Analysis of comparison to recent sales of similar properties.
The form must also satisfy the following requirements:
An interior and exterior inspection of the subject property.
A street map that shows the location of the subject property and of all comparables used.
A sketch of the subject unit that includes interior unit dimensions rather than exterior building dimensions.
Clear, descriptive photographs of the subject property and of the comparable sales used.
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 our customer service around you, with a single point of contact.
Focusing completely on residential real estate valuation and your success.
TruValue offers an Idividual Condominium Unit 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!