Confirmation Appraisal Form for the United States

Confirmation Appraisal Form Template for United States

A Confirmation Appraisal Form is a standardized document used in the United States to formally document and confirm the estimated value of a property. The document complies with USPAP standards and federal regulations, including FIRREA requirements. It contains detailed information about the property, methodology used for valuation, and the appraiser's professional opinion of value, along with supporting documentation and certifications.

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What is a Confirmation Appraisal Form?

The Confirmation Appraisal Form serves as an essential document in US real estate transactions, providing a standardized format for documenting property valuations. This form is used when a formal confirmation of a property's value is needed for various purposes, including mortgage lending, property sales, tax assessments, or legal proceedings. The document must comply with USPAP standards and includes comprehensive property details, valuation methodology, and professional certifications. A properly completed Confirmation Appraisal Form provides legal protection and ensures compliance with federal and state regulations governing property appraisals.

What sections should be included in a Confirmation Appraisal Form?

1. Property Information: Details of the property being appraised including address, legal description, and property type

2. Client Information: Details of the person or entity requesting the appraisal

3. Purpose of Appraisal: Statement of intended use and users of the appraisal

4. Value Conclusion: Final determined value and effective date of valuation

5. Appraiser Certification: Professional credentials and certification of compliance with USPAP

What sections are optional to include in a Confirmation Appraisal Form?

1. Special Assumptions: Any extraordinary assumptions or hypothetical conditions that may affect the value conclusion

2. Previous Services: Disclosure of any services provided for the subject property within the past three years

What schedules should be included in a Confirmation Appraisal Form?

1. Photographs: Interior and exterior photos of the subject property

2. Location Map: Map showing property location and surrounding area

3. Comparable Sales Data: Details of comparable properties used in the analysis

4. Floor Plan: Sketch or floor plan of the property

5. Supporting Documentation: Additional documents such as title reports, zoning information, or market data

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Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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What is a Confirmation Appraisal Form?

What sections should be included in a Confirmation Appraisal Form?

What sections are optional to include in a Confirmation Appraisal Form?

What schedules should be included in a Confirmation Appraisal Form?

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