ACTIVITY: Appraisal Form (Term Paper Part 3)
For this assignment, you will begin completing a URAR form 1004 appraisal form with the subject property you researched in the Activity “Property Specifics (Term Paper Part 2)”. The. information for part 2 is. attached. You will save the completed form to your computer and then upload here as a .PDF file.
Instructions:
Download the URAR 1004 appraisal report form, or access a fillable form online. Complete page 1 and part of page 2, as shown in the steps below. You will need to download a PDF app to your computer (make sure it is Adobe or another app that will allow you to type on the form). You will need a COMPUTER to complete this form. We will be working on this form for 5 assignments, so you will need regular access to a computer. It will not work on your phone, ipad, or mobile device. Make sure you SAVE the completed form to your computer or cloud storage. Scroll down and refer to the model / sample forms. Additional resources are included to supplement your learning in this area, including multimedia videos.
Step-by-Step Instructions Video Replay
Step 1.
Open your textbook to chapter 9, specifically pages 278-282. NOTE: I realize you may not have read this chapter yet as part of your Reflection Summary, so you will need to spend some time studying this chapter and getting familiar with the concepts. I. don’t. have. the. texbook but. the textbook is. Real Estate Appraisal Principles and Procedures 5th Edition by Walt Huber, Levin Messick, and William Pivar
Download the blank URAR 1004 Appraisal Report here: 1004 Appraisal Form BLANK.pdf Download 1004 Appraisal Form BLANK.pdf . Practice typing data into the data fields using your PDF software or app. This document is not a fill-in-the-blank format; however, you can easily complete it in a PDF app.
PDF Documents: Most computers have PDF software; if not, there are both free and low-cost PDF apps you can install. A few of my favorites are: Adobe Acrobat, NitroPro, and PDF Suite Standard. If you do not want to pay for the app, get adobe acrobat Reader, which is the free version. Another option is to get a free trial, and then pay for another month if needed. Here’s a link to Adobe Acrobat: https://get.adobe.com/reader
DEVICE: You will need to use a computer to complete this assignment. It will not work well on your tablet, ipad, or cell phone.
IF YOU CANNOT USE THE PDF FORM, you may use my online fillable form. If you prefer to use a fillable form, it is much simpler to fill in the blanks.
Fillable 1004 appraisal form pdf (blank): https://pdf.ac/on0zwLinks to an external site.
However, it will not save your form and you will need to re-enter the information for each assignment (we will continue working on this same form for several assignments).
Another option is to subscribe to PDFfiller as a free version/trial and create your own account.
Be sure to SAVE the document as a PDF to your computer. You must have it saved to your computer (or document cloud) in order to submit the assignment. Below are some PDF software app resources.
Adobe Acrobat
Reader version = limited functionality (can edit?) https://get.adobe.com/reader
Pro DC version = free 7-day trial, then $14.99/month after that (must enter credit card) https://www.adobe.com/acrobat/complete-pdf-solution.htmlLinks to an external site.
FormSwift
Free PDF Editor
https://formswift.com/sem/edit-pdfLinks to an external site.
NitroPro PDF
The regular version has a 7-day free trial. There is also a “freeware” version with fewer features.
https://en.freedownloadmanager.org/Windows-PC/Nitro-Pro.htmlLinks to an external site.
https://download.freedownloadmanager.org/Windows-PC/Nitro-Pro/FREE-13.50.4.1013.htmlLinks to an external site.
PDF Suite Standard
only $39 one-time fee
https://www.pdf-format.com/web/en/ucLinks to an external site.
$25.17 with 30% off coupon
https://cart.pdf-suite.com/checkout.aspx?ref=pdf-format.com%2Fuc&ujid=3B1SZ3FFRJQ%3D&uid=1016736&cmp=pdfs_fre_b_us_s_a_dj&key1=SLinkEdit&key2=SLinkEdit000L1XXaynxQC13&keyb=e_free%20primopdf%20download&mkey7=direct&wid=1244&mkey1=pdf-format.com%2Fen%2Fuc>m=GTM-TS85DT8&mkey4=511e65c1-f2c0-47da-9d3e-da791a7f2e63&visitorid=511e65c1-f2c0-47da-9d3e-da791a7f2e63&culture=en&udid=%2FoCIJpQq9zs%3D&upid=kKxXELuBPwE%3D&ucid=UntFvJ5wMC8%3D&uctid=NqZth%2FX37QM%3D&cgid=5z85cPUEsE5ul649nY23sp%2FxSoP0hLBTOePCha7EnVI%3D&emc=%3B0&step=2Links to an external site.
Step 2.
Using the subject property data you researched in Part 2, complete pages 1 and 2 of the URAR form 1004 Appraisal report. Scroll down and refer to the sample and guide below.The. information is attached for part 2
A. On PAGE 1, complete the entire page (every field). That includes the following sections: Subject, Contract, Neighborhood, Site, and Improvements. Since this is just a practice report, the data does not need to be completely accurate. Therefore, you can do your best research and make educated assumptions to complete the fields for which you could not find data. Remember, the purpose of this activity is to learn how to comprehend a 1004 appraisal form by completing it.
URAR form 1004 page 1 examples/information:”Subject” section = textbook page 76 (Ch. 3) & page 362 (Ch. 12)
“Contract” section = textbook page 364 (Ch. 12)
“Neighborhood” section = textbook page 153 (Ch. 5) & page 364 (Ch. 12)
“Site” section = textbook page 159 (Ch. 5) & page 365 (Ch. 12)
“Improvements” section = textbook page 279 (Ch. 9) & page 366 (Ch. 12)
Also, refer to the GUIDES section below for handy instructions on completing each field.
B. On PAGE 2, complete the column, “SUBJECT” by typing the appropriate data into each field. Underneath that section, answer the three “did or did not” questions. You will continue with the comps in Part 4. Save the document to your computer and submit it.
URAR form 1004 page 2 examples/information:”Sales Comparison” section = textbook page 306 (Ch. 9) & page 368 (Ch. 12)
SAMPLES:
Sample completed appraisal form: 1004 Appraisal Form Completed SAMPLE.pdfDownload 1004 Appraisal Form Completed SAMPLE.pdf
View a completed model URAR 1004 appraisal report: Appraisal_Sample.pdf Download Appraisal_Sample.pdf (NOTE: the sample 1004 begins on page 4)
Example of an online fillable form completed: https://www.pdffiller.com/100012517-fillable-2005-appraisal-report-formLinks to an external site.
Page 1 SAMPLE (top half)
Page 1 SAMPLE (bottom half)
Page 2 SAMPLE (left column)
GUIDES:
View an extensive step-by-step instructional guide for completing the 1004 report:
1004 Instructions.pdf
Appraisal Fields UAD Quick Reference Guide.pdf
Appraisal Fields UAD-Specifications.pdf
Appraisal UAD Definitions Addendum.pdf
Appraisal-Report-and-Data-Delivery-Guide FHA.pdf
Appraisal-Review-Guide MGIC.pdf
MULTIMEDIA GUIDE:
View videos that demonstrate how to complete the 1004 report:
To SUBMIT:
Save the completed PDF form to your computer. Click the “Submit” Button. Attach the PDF document. Click “Submit” again.
Grading
Assignment is worth 10 points. Grading will follow the Rubric attached and will include:
10 points for a fully completed assignment with all fields completed on page 1, and the first column completed on page 2.
5 points for a partially completed assignment.
0 points for incomplete or missing assignment.
Completed paragraphs must be submitted here online by the due date.
Rubric
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