Appraisal Forms

The majority of the appraisal reports prepared by Miller Samuel are presented on forms developed by secondary market entities or professional associations. The majority of our appraisal reports are presented in a summary format according to the Uniform Standards of Professional Appraisal Practice (USPAP) and are supplemented with appropriate addenda such as floor plans, maps and photos (not shown here). We have provided downloadable PDF versions of many of the appraisal forms used by Miller Samuel. The forms provided by Fannie Mae are of poor quality and are presented for illustration purposes only. None of the forms contained herein can be edited or printed.

Condominium Units - Fannie Mae form 1073 This is the standard form for condominium units. On investor properties, the Fannie Mae form 1007 and the Fannie Mae 216 form can be utilized.

Cooperative Apartments - Fannie Mae form 1075 The primary difference between the Coop 1075 and the Condo 1073 form is the coop financial section (page2) which contains information on the underlying mortgage, flip tax, and ground lease as well as other related financial matters.

1-Family Townhouses - Fannie Mae form 1004 This isused for 1-family townhouses, also known as the Uniform Residential Appraisal Report (URAR).

2-4 Family Townhouses - Fannie Mae form 1025 Used for 2-4 family townhouses and is also known as the Small Residential Income Property (SRIP) or Multi-family report. The Fannie Mae 216 may also be appropriate. Depending on immediate conversion plans of a 2-4 family house and the fact that such houses are often converted to 1-family use, Fannie Mae form 1004 discussed above, may also be appropriate.

Commercial Properties - Freddie Mac 71B An older but useful form for certain commercial properties, when a narrative is not necessary.

Field/Desk Reviews - Fannie Mae form 2000 This can be used for most residential review and desk property reviews.

Limiting Conditions - Fannie Mae form 1004B This form is attached to the reports for coops, condos, 1-family and multi-family houses and contains the definition of market value as well as other certifications and limiting conditions.

Relocation Coop/Condo/Townhouse Properties - ERC Residential Appraisal Report This is the relocation industry standard appraisal form developed by the Employee Relocation Council. A new form was introduced in 2001 and is gradually being phased in by the industry. Currently, the majority of our clients are using the 1994 version.

All Others - If one of these forms is not appropriate for a specific assignment, or is specifically requested by a client then reports in a narrative format will be utilized which is more of a free-form presentation but still following USPAP guidelines.