a. Abatement application - Laserfiche WebLink

Fed!Jf81 Regulatory Agencies hove required that the f) Marketing time is reasonab[y estimated, cash flow __0 __u_~._. __._____ Iollowln!llnlornlstlon be Included In an Appraisal Report discounted for marketing time over 12 months. a) Unfform Standards of Professional Appraisal Practice have g) Current market trends affecting value are analyzed. been followed and compiled with. h) Analysis of appropriate deductions and discounts for proposed b) The Market Value conclusion is the most probable price the construction, partially leased or leased other than market rent, property should bring. or tract developments with unsold units. c) . The format or forms used allow the reader to understand all i) No direction was given to influence the appraiser. conclusions and analysis procedures and all supporting j) A legal description is included documentation used to arrive at the value conclusion. k) Any items not real property that impact the market value are d) Prior Sales are with 1 year on 1-4 family residential, identified aQd valued. within 3 years on all other properties. I) A reasonable valuation method explains approaches to market e) Analysis on current revenues, expenses and vacancies for values used and not used. continuing income-producing properties. :ARI<ErfA1\lA~ ,81 lSE(3i ,eN~"",^,~:~~~..>II 41. Has the appraiser selected his or her YES NO N/A 54. Are the a~praiser's mathematical calculations YES NO N/A comparables from the subject accurate. ~ 0 0 neighborhood? 0 ~ 0 55. Does the appraiser's final value conclusion relate 42. If not, has the appraiser edlained why to the adjusted com parables? ~ 0 0 com parables were selecte from a different 56, Has the appraiser selected good market data neighborhood? ~ 0 0 and handled it well? 0 ~ 0 43. In your opinion, are the comparables really 57. Has the appraiser commented on the subject's 0 ~ 0 similar wrth respect to location, site, design marketability? and style, ~uality and amenities, as well as 58. Does the appraiser's marketability information size and uti ity? ff no, Compo # 2 & 3 needs to 0 ~ 0 ~pear to be accurate? 0 ~ 0 be replaced. - 59. as the appraiser avoided the appearance of 44. Are all of the com parables recent sales of 0 ~ 0 backing into any or all of the approaches 0 ~ 0 similar properties from the subject neighborhood? to value? 45, ff the comparables are over three months old, 60.ls there clarity with respect to the appraiser's ~ 0 0 has the appraiser explained why he or she ~ 0 0 reasoning? failed to use recent sales? 61. Can you read the appraisal report, step by step, 46. Are room counts and square foot areas of and arrive at the same conclusion of value as the the subject and com parables similar? ~ 0 0 appraiser? ~ 0 0 47. Do the sale prices of the comparables ~ 0 0 62. Does the appraiser appear to be an individual correlate and indicate comparability? offering an independent and impartial third party ,~ 0 0 48. Do the prices per square foot of the comparables ~ 0 0 opinion of value, rather than an advocate? correlate and indicate comparability? 63. Are all the required photographs attached and 49. Has the appraiser bracketed his or her sales 0 ~ 0 do they adequately show the subject and surrounding 0 ~ 0 data (belore making adjustments)? ~roperties? 50. Do time adjustments, for date of sale, appear 64, s other needed illustrative material attached and reasonable in light of market trends and cumint 0 0 ~ woperlY conipleted? ~ 0 0 market conditions? 65. f the appraiser is using computer generated data, are 51. Has the appraiser avoided numerous 0 0 the facts and comments in the report accurate and 0 0 [gJ adjustments? ~ applicable to the subject and comparable opinion? 52. Has the appraiser adjusted all comparables and/or 0 ~ 0 66. Does it a~pear that the appraiser has clearly thought listings in a reasonable and consistent manner? through t IS process rather than using a computer 0 0 ~ 53. Are total gross adjustments exceedin~ 25% as a substitute? of the comparable sales price and in ividualline 67. Is the market analysis section complete and accurate? 0 [gJ 0 ad/ustments exceeding 10% of the comparable ~ 0 0 sa as price adequately explained and justified? Reviewer's Comments See attached addenda. YES NO N/A YES NO NlA 68. Has the income approach been com~leted? 0 ~ 0 70. Is supporting data valid and correctly analyzed? 0 0 ~ 69. Has supporting data been submitted. 0 0 ~ Reviewer's Comments The income approach is not applicable. ,(JtSE'i , '.. 71. In hour opinion, has the appraiser proven his YES 75, Is the final estimate of value weighted by the most YES or er case? 0 appropriate approach to value? ~ 72. Do you concur with the value conclusion of the 76. Is the appraiser's value conclusion reasonable? 0 appraiser, based upon data contained within the 0 ~ 0 77. Has the appraiser signed the report and typed his or ~ report? her name under the signature? 73. Are the appraiser's comments and final 78.ls there a phone number on the report ancl/or cover reconciliatIOn of value ade~uate and does the letter which would enable the reviewer to contact the ~ 0 0 appraisal ~ive Insight into t e value and 0 ~ 0 appraiser and clarify a questionable appraisal report? marketabilit'~ of the subject property? 74.15 it clear w ich approach to value was given the ~ 0 0 most weight in the final estimate of value? Reviewer's Comments See attached addenda. ,~~~ij~ili'i;;(iJ~~~;,j~~~f~~!~~,~i~~~~~~i!lrf~~l.~~ml!i!E~ill}~Fr;M:<\~i~%l;~~~~~:f~~\\IIi_.j~l~d_.tBltfjf[ Appraisal report was: 0 Good' 0 Fair ~ Poor Recommendation: 0 Accept as Is 0 Accept when revised. See item # o Have another appraisal prepared by someone else [g] Other llilect.