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This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD), based on an interior and exterior inspection of the subject property.
Freddie Mac Form 70D July 2020 Page 4 of 8 Fannie Mae Form 1004 July 2020 This report form is designed to report an appraisal of a one-unit property or a one-unit property with an accessory unit; including a unit in a planned unit development (PUD).
25 Φεβ 2022 · 1004MC or 1004 ANSI. By George Dell, MAI. Excerpt: The 1004MC “market conditions” appraisal addendum was created by Fannie Mae and Freddie Mac to require a form-based market analysis. This added to the traditional practice to collect a handful of ‘comps’ to opine and foretell market price. There are problems and unintended consequences.
Appraisers use the 1004 appraisal form to appraise a single-family home. Known as the Uniform Residential Appraisal Report (URAR) and is used to find the opinion of the value of real estate.
The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum will be required with all one- to four-unit property appraisals performed on or after April 1, 2009.
11 Φεβ 2019 · The 1004MC form requires appraisers to provide a detailed inventory analysis for three specified time periods. Statistical analysis and reporting of median sale, list price, days on market and list to sale price ratios for three specified time periods. Select 1004MC (Appraisal) from the Search menu.
The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum is currently required with all one‐ to four‐unit property appraisals.
