RE 280 – Mini Assignment 3

Fill out a form appraisal for a property of your choice. It can be your own property, a relative’s property, etc. You can find the form here… https://singlefamily.fanniemae.com/media/12371/display (Links to an external site.)

Look up and provide all of the timeless data requested in the form. Do not worry about comps as those will change over time. Focus on boiler plate items. You would be surprised how many mistakes can be in the core data for an appraisal. We once had a form appraisal that had 88 mistakes. The appraisal called the roof a wood shake roof when it was a concrete tile roof that looked like a wood shake roof, said the house was all electric when it had gas, claimed it had a wood fence when there was a slump stone wall around the entire back yard, etc.
If you do not own a home feel free to turn in an appraisal on a family members or friends house.

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