Free Real Estate Appraisal Checklist

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Property Information

• Is the property address correctly recorded?

• Is the legal description accurate?

• Are the property size and boundaries clearly defined and accurate?

• Is the property type correctly identified (e.g., residential, commercial, industrial)?

• Is there any encumbrance or lien on the property title?

Physical Property Assessment

• Is the property exterior visually inspected for any visible damage or wear?

• Are the interior spaces (if applicable) checked for structural issues or needed repairs?

• Is the overall condition of the property rated on a scale of 1-10 (1 being poor, 10 being excellent)?

• Are any safety hazards identified?

Comparable Properties

• Have at least three comparable properties been selected for comparison?

• Are the chosen properties in the same neighborhood and of similar size, age, and condition?

• Are differences between the subject property and comparables noted and accounted for in the appraisal?

Market Analysis

• AIs the local real estate market assessed for trends and conditions?

• Are any economic factors affecting property value considered (e.g., job market, interest rates)?

• Are any upcoming developments in the area that might affect property value taken into account?

Valuation Methods

• Is the appraiser utilizing multiple valuation approaches (e.g., sales comparison, cost, income)?

• Are the selected valuation methods appropriate for the property type?

• Is the final property value reconciled from multiple approaches?

Legal and Zoning Compliance

• Is the property in compliance with local zoning laws and regulations?

• Are there any legal disputes or pending issues affecting the property?

• Is the property's use consistent with zoning regulations?

Environmental Assessment

• Has an environmental assessment been conducted to identify any potential contaminants?

• Are there any environmental hazards (e.g., asbestos, lead paint) that need to be addressed?

• Is the property located in a flood zone or prone to natural disasters?

Final Report

• Is the appraisal report complete with all relevant details and data?

• Is the property value clearly stated in the report?

• Has the report been reviewed and signed by a licensed appraiser?

Conclusion

• Does the appraisal report support the estimated property value?

• Is the appraisal compliant with all industry and regulatory standards?