What is the difference between a short form report and the more commonly used and traditional “Fannie Mae/Freddie Mac (URAR)?
The URAR report is relied on primarily by the primary and secondary mortgage lending market. It contains many items and requirements that are not necessarily required in order to estimate value. Both reports rely primarily on direct sales comparison (market approach) with a market grid to determine the value of the subject property. Short form reports are well suited for tax appeal, gift and estate tax purposes, helping a seller price a home, assisting a buyer in determining what price to offer or pay for a home and uncontested divorce proceedings.
Related Questions
- What is the difference between a short form report and the more traditional "Fannie Mae" (URAR) Uniform Residential Appraisal Report and other "lender" orientated reports?
- What is the difference between a short form report and the more traditional "Fannie Mae" (URAR) Uniform Residential Appraisal Report and other "lender" orientated reports?
- What is the difference between a short form report and the more commonly used and traditional "Fannie Mae/Freddie Mac (URAR)?
