Data that should be in the Appraisal Report Addendum
Appraisal Report Addendum Paragraphs
Scope of work;
The Principle of Substitution;
The Exposure Time;
The Legal Description;
The Realist Property Report;
The Assessor Property Report;
The Treasurer Property Report;
The Realist AVM Estimated Market Value
The Assessor Estimated Market Value
The Subject prior sales, listings, transactions, and mortgage history;
The MLS Data for Single Family detached, Attached Single Family, and 2-4 units
The number of Active, Pending, Expired, Market Sales past year, prior year, and dom ;
The MLS Data for the Subject type of property;
The number of Active, Pending, Expired, Market Sales past year and prior year; dom
Example type: A 3 bedroom 2.1 unit
The number of active, pending, expired, sales in the past year, prior year,dom
Same format as above for;
The MLS Data for 1 mile (8 blocks) Subject type of property;
The MLS Data for 90 days Subject type of property;
The MLS Market Date for the Ratio sales price to final price range was in the % to %.
The average list price was $, the average sold price was $;
The total sales was % of the market listings and the unsold listings was % of market listings.
The Absorption rate data
The MLS Median percentage sale price ratio to the median listing value.
The Special Compensation Data;
Subject's Hypothetical Market Values are based on the assumption that the subject's prior sale
value opinion was support by the market values at that time.
All of the above data items are in all my appraisal reports. If your appraisal report lacks some of
the above data items it is possible the value opinion could be questionable.
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Licenses; Certified Real Estate Appraiser, Real Estate Managing Broker