What appraisal form is used for vacant land?
What appraisal form is used for vacant land? There are a variety of forms used in vacant land appraisals. The most common are 216 (Operating Income Statement). These are used with 1025, 1004 or forms 1073.
How much is a 1007 appraisal?
| FNMA 1004 Typical Single Family Residence Uniform Residential Appraisal Report Form 1004 | $350 – $550 |
|---|---|
| Form 2070 or 2075 Interior | $150 |
| Form 2070 or 2075 Exterior | $100 |
| Operating Income Statement and Rental Survey Form 1007 & Form 216 Income Expense w/Appraisal | $200 |
| ERC Relocation Appraisal | $600 |
What is Freddie Mac Form 72?
Small Residential Income Property Appraisal Report Form 72 is designed to report the results of an appraisal of a 2- to 4-unit property, including a 2- to 4-unit property in a Planned Unit Development (PUD).
What is Freddie Mac Form 71?
Purpose: This form is used to inform Freddie Mac of the start and end date of a Period of Military Service for Borrowers who are eligible for the interest rate cap provided by the SCRA.
How do I value my vacant land?
How to Determine the Market Value of Vacant Land
- Look at comparable properties that have sold in the past two or three months.
- Consider where the property is located.
- Factor in any unique attributes that the property may have.
- Remember that timing can change the market value of vacant land.
What type of appraisal includes a 1007?
Single Family Rent Schedule
Single Family Rent Schedule (Form 1007) The single family rent schedule is used to estimate market rent by the appraiser. Typically the appraiser analyzes three rental properties that share or bracket significant rental characteristics with the subject property.