| |
|
| |
 |
| |
|
Roll over the numbered icon to learn more about each feature. |
Page:

Page:
|
|
On all our GP series forms even the title of the form is general purpose! Completely editable, any changes made here are reflected on the remaining pages of the form (and vice-versa).
Each section is clearly identified with a colored section header, making it easier to discern where one section begins and ends.
While most Fannie Mae forms are designed with narrow, hard-to-read fonts, we've used standard fonts that are more easily read.
The entire form is more "open" than traditional appraisal forms, making it easier to read and follow along. We've kept section block lines to a minimum, and have expanded the spacing between each row.
Sections are laid out in a more horizontal manner, instead of stacking blocks of fields side-by-side in difficult to follow patterns. It reads more naturally this way.
Keeping the end-user (reader) in mind, we've eliminated industry abbreviations like PUD (for "Planned Unit Development") and HOA (for "Home Owners Association") anywhere that we could and have spelled out the term instead. This makes it much easier for the reader to comprehend the data being presented.
"Market Area" replaced "Neighborhood" in the body of the GP Consumer form 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".
As this is a special "short form" version of the GP Consumer, it's designed for use on an appraisal where you're determining a "Current" market
value only. If you need a retrospective or prospective form, check out our GP Consumer [Long] or the GP Residential form.
The GP Consumer [Short] form only contains a sales comparison approach, so there is no need to indicate which approaches were developed.
Clearly state the intended use and user to help protect the appraiser's right and identify who can use the appraisal report.
All our GP series forms are client-centric forms for non-lending purposes. Examples for the GP Consumer form include homeowner requested
values, agent pre-listing appraisals, etc...
Note that throughout the GP Consumer form, we've spread fields out horizontally instead of vertically in columns and blocks. This makes the
form flow better and much easier to read.
The change in land use line allows you to include information pertinent to the land use and any potential changes to the market area which may
have an impact on the highest and best use.
The single "Market Area" description block allows for a single field where you can comment on the boundaries, description, and market conditions.
The most logical place to discuss the sale history, transfer, or listing history of the subject is here with the rest of the subject information. As
such, we've moved the important fields here instead of blocking them in with the sales comparison approach.
USPAP requires that you discuss and analyze the subject's prior sales and history. This section allows for up to three prior sales without need for
an addenda, and contains more comment space for analysis that our previous GP series forms or the 1004.
Your client and file numbers are clearly listed on each page for reference.