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Small Residential Income Property Appraisal Report

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 Pro Teck Difference

Pro Teck 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 – no more being transferred from person to person
  • Being singularly focused on residential real estate valuation and your success

Pro Teck offers a Small Residential Income Property Appraisal as part of its suite of residential appraisal products. To learn more about Pro Teck’s appraisal management services, contact us today.

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