SUPPLEMENTAL REAL ESTATE OWNED APPRAISAL ADDENDUM |
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Property Address
City
State
Zip Code
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Legal Description
County
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Is the subject property currently listed?
Current List Price: $
Agent:
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Listing Company/Address/Phone:
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| ITEM | SUBJECT | LISTING # 1 | LISTING # 2 | LISTING # 3 | |||||||||
| Address | |||||||||||||
| Proximity to Subject | |||||||||||||
| Original List Price |
$
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$
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$
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$
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| Total Days on Market | |||||||||||||
| Current List Price |
$
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$
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$
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$
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| DOM Since Last Revision | |||||||||||||
| Last Sale Date | |||||||||||||
| Price/Gross Living Area |
$ sq. ft.
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$ sq. ft.
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$ sq. ft.
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$ sq. ft.
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| Data Source | |||||||||||||
| Data Verification | |||||||||||||
| REO Property |
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| Vacant/Occupied | |||||||||||||
| VALUE ADJUSTMENTS | DESCRIPTION | DESCRIPTION | +/- $ Adjustment | DESCRIPTION | +/- $ Adjustment | DESCRIPTION | +/- $ Adjustment | ||||||
| Concessions Offered | |||||||||||||
| Location | |||||||||||||
| Site Size | |||||||||||||
| Site Views/Appeal | |||||||||||||
| Design (Style) | |||||||||||||
| Quality of Construction | |||||||||||||
| Age | |||||||||||||
| Condition | |||||||||||||
| Basement & Finished | |||||||||||||
| Rooms Below Grade | |||||||||||||
| Functional Utility | |||||||||||||
| Heating/Cooling | |||||||||||||
| Garage/Carport | |||||||||||||
| Net Adj. (Total) |
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$
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$
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$
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| Adjusted List Price of Comparable Listings |
Net %
Gross %
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$
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Net %
Gross %
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$
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Net %
Gross %
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$
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| Provide an itemized list of repairs recommended to bring the property into marketable condition. Cost estimates should be based on reliable published cost sources and/or local cost resources. The appraiser is not an expert in the field of building construction and actual costs may vary from those provided. Repair costs and opinions reported herein are subject to future revision based on new repair estimates and evaluations by a licensed building contractor. | |
| REPAIR ITEM | ESTIMATED COST |
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$
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$
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$
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$
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$
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$
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$
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$
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$
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$
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$
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$
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| TOTAL ESTIMATED COST OF RECOMMENDED REPAIRS |
$
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| List any recommended inspections (code compliance, structural, environmental etc.). Provide an explanation why the inspection is recommended, and comment on the effect on marketability and value. When no inspections are recommended, provide a statement to that effect. | |
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Comp #1: Comp #2: Comp #3: DOM. DOM; DOM; List the number of days-on-market for the comparable sales used in the appraisal report:
Comments:
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| "AS-IS" estimate of market value based on a reasonable market exposure time as rendered in the attached appraisal report |
$
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| "AS-REPAIRED" estimate of market value based on a reasonable market exposure time |
$
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"AS-IS" estimate of market value based on a client-imposed restricted market exposure time of days (not to exceed 120 days)
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$
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"AS-REPAIRED" estimate of market value based on a client-imposed restricted market exposure time of days (not to exceed 120 days)
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$
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| APPRAISER: | SUPERVISORY APPRAISER(ONLY IF REQUIRED): |
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Signature:
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Signature:
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Name:
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Name:
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Date Report Signed:
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Date Report Signed:
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State Certification #: State:
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State Certification #: State:
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Or State License #: State:
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Or State License #: State:
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| Expiration Date of Certification or License: | Expiration Date of Certification or License: |