Standard 1004
Uniform Residential Appraisal Report (Form 1004)
The Uniform Residential Appraisal Report (Form 1004) is one of the most widely used residential appraisals. Whether you’re buying, selling, or refinancing, this report provides a professionally estimated market value of a single-family property.
What is a Form 1004 Appraisal?
This comprehensive appraisal evaluates the value of a single-family home, offering insights into the property’s condition, location, and market comparisons. It is commonly required by lenders for financing or refinancing purposes, but it is equally valuable for personal use.
The Appraisal Process
At Wilson Appraisal, we follow a detailed process to ensure the highest level of accuracy:
- Property Inspection: A full interior and exterior evaluation of the home, complete with photos and a detailed floor plan sketch.
- Market Analysis: Identify and analyze recent comparable sales to determine market trends.
- Mapping & Documentation: Include location maps showing the subject property and comparable sales used in the analysis.
- Comprehensive Report: Deliver a professional summary of our analysis, opinions, and conclusions in the completed appraisal report.
Ideal for:
- Homebuyers: Determining fair market value before purchase.
- Homeowners: Refinancing or selling your property.
- Legal Purposes: Estate planning or divorce proceedings.
Why Choose Wilson Appraisal?
With years of experience in residential appraisals, Wilson Appraisal provides accurate and dependable valuations. Our FHA-certified appraisers ensure thorough analysis and attention to detail, giving you confidence in your property’s valuation.
Contact Wilson Appraisal today to schedule your Form 1004 appraisal!