The Uniform Residential Appraisal Report (URAR) is widely considered to be one of the most common forms used in real estate appraisal. The form, which allows for standard reporting and analysis of single family dwellings, applies to a one-unit property or one-unit property with an accessory unit. This includes a unit in a planned development. The form is not for manufactured homes, or condominium units.
A URAR form, also known as Fannie Mae Form 1004, contains information needed to complete a full appraisal of a property using three primary approaches to determine value: cost approach, sales comparison approach and income approach. Common sections featured on a URAR form include:
A URAR form allows an appraiser to document observations based off of the following actions:
The Pro Teck Difference
Pro Teck prides itself on producing the most accurate and timely appraisals possible by:
Pro Teck offers a URAR as part of its suite of residential appraisal products. To learn more about Pro Teck’s appraisal management services, contact us today.
Pro Teck offer a full suite of valuation products and services. We don't favor one solution over another - we review your requirements, your risk tolerance and all regulatory considerations in order to recommend the best solution.