Small Residential Income Property Appraisal Report (FNMA 1025)
An Ideal Field Appraisal for Small Residential Income Property
The Small Residential Income Property Appraisal Report (FHLMC 72/FNMA 1025) is for the appraisal of two- to four-unit properties, including properties in PUD, condo or co-op projects. The appraisal report, which is based on interior and exterior property inspections, is used for mortgage lending, servicing and portfolio management in the mortgage lending industry.
Common sections featured on a Small Residential Income Property 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 size, shape, zoning and access to utilities as well as FEMA flood-zone information
Data indicating physical characteristics of the subject property such as age, materials and condition
Analysis of comparison to recent sales of similar properties
Includes rental information and income approach
A Small Residential Income Property Appraisal Report allows an appraiser to document observations based off of the following actions:
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
An exterior building sketch that indicates the 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 customer service around you, with a single point of contact
Being singularly focused on residential real estate valuation and your success
TruValue offers a Small Residential Income Property Appraisal 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!