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As with all our GP Series forms, even the form title is "General Purpose". Edit the title of the form to meet the needs of each assignment individually.
An expanded legal description field allows for longer legal descriptions than the 1025 form.
"Market Area" replaced "Neighborhood" as the descriptive term to describe the subject's immediate surrounding area and market. This term is
more descriptive and more easily allows the reader to understand that a subject's "Market Area" may extend outside the typical "Neighborhood
Boundaries".
Quickly and clearly state which approaches to value were developed to support this assignment. Checking any of these boxes automatically
clears the corresponding "Not developed" check box at the top of the affected approach to value.
Clearly state both the intended user and the intended use up front in the assignment, helping to protect your rights by protecting your
intellectual property usage.
Our entire GP Series of forms are client-centric in nature, instead of lender-centric. This makes them perfect for all kinds of non-lender business.
Examples include estate work, divorce, legal, eminent domain, FSBO, or pre-listing assignments.
A "Change in land use" block as has been added to allow you to include information and comments about any potential changes that could
affect the highest and best use of the property.
The "Predominant Occupancy" block was added to allow for better characterization of the type of occupancy and the vacancy levels in the
market area than can be accommodated on the 1025.
Our improved GP Series "Market Area Description" section is included on the GP 2-4 Unit form as well. "Market Area" replaced "Neighborhood"
as the descriptive term to describe the subject's immediate surrounding area and market. This term is more descriptive and more easily allows
the reader to understand that a subject's "Market Area" may extend outside the typical "Neighborhood Boundaries".
We've expanded and combined multiple neighborhood comment blocks into one simpler and larger field to allow for better and more flexible
discussions about the market area characteristics. Note again here the use of the term "Market Area" instead of "Neighborhood". This term is
more descriptive and more easily allows the reader to understand that a subject's "Market Area" may extend outside the typical "Neighborhood
Boundaries".
Site area can be calculated in Sq. Ft. or Acres with a configurable choice. The results are transferred to the sales comparable grid.
Expanded "Zoning Classification" and "Description" fields allow for longer and more verbose zoning identifiers, meaning that you're less likely to
have to abbreviate or overflow to an addendum.
New "CC&R" (Conditions, Covenants, & Restrictions) fields allow you to comment on important factors that could affect land usage.
An expanded HBU (Highest & Best Use) section allows you to more effectively describe the parcel's usage.
Because more extensive Hypothetical Conditions and/or extraordinary assumptions may be involved in a general purpose assignment, and
because USPAP requires these two uses, "Actual Use" and "Use as appraised" have been included to provide better contrast and less ambiguity.
USPAP states that when necessary to create a credible report, the HBU must be summarized. By including the "Summary of Highest & Best Use" on the form, we reduce the likelihood that you will have to overflow and comment on and addendum.
"Frontage" has been added to allow for describing a properties front-footage.
An expanded "Off-site Improvements" section allows for more descriptive explanation of site elements, as well as ownership or responsibility.
Our expanded and improved "Site Description" section allows you to more effectively and clearly describe the site elements and factors for the parcel being appraised.
An enhanced "Utilities" section includes updated and expanded selections, allowing you to better explain and comment on available utilities.
Two free lines in the additional site features section allow for custom descriptions and comments to be added for special assignment needs.
An "Other site elements" row allows for easily describing with a check box several important features, such as "Underground Utilities", "Cul de Sac", etc...
An expanded "Site Comments" field allows for more commenting on the form, and less in an addendum.
Quickly, easily, and visibly indicate by checking this box that the entire "Basement" section is unneeded or irrelevant.
Free field in "Heating" for custom heating item.
Where appropriate, check boxes have been used to allow you to more quickly complete fields and move on.
Free field in "Cooling" for custom cooling item.
Free line for extra "Exterior Description" item.
Free line to discuss custom "Basement" item.
With the GP 2-4 Unit, state the actual number of appliances instead of using a check box.
Improved "Attic" section includes new items like "Doorway".
Our simplified GP Series "Car Storage" section totals up the number of spaces automatically.
Expanded "Amenities" section allows you to better and more accurately describe these areas better than the 1025. In fact, there are even 7 free lines in this section for the ultimate in customized descriptions.
Free field in "Interior Description" for a custom item.
A new field for Total GBA allows for direct entry of the Total GBA, since it may be different from the sum of the individual units' GLAs.
Consistent branding with the rest of our GP Series forms, as well as their supporting addenda and minor forms. This makes for a more packaged and presentable look and feel.
We've designed and copyrighted the GP Series forms in such a way that will allow any form vendor to reproduce the form as-is, eliminating any competitor excuses that they're not allowed to include the form. They are. For free. Right now.