Submit the completed Uniform Residential Appraisal Report (Desktop) to the relevant entity via email, fax, online submission form, or physical address provided by the lender/client. Ensure all required fields are completed, and all supporting documentation is attached. For accurate processing, follow the submission guidelines provided by the requesting party. My advice is to double-check the form for completeness and accuracy before submission to avoid any delays or issues.

The purpose of the Uniform Residential Appraisal Report (Desktop) is to provide a comprehensive and accurate valuation of a residential property for various stakeholders. The report helps lenders make informed decisions regarding financing, homeowners to refinance their property, and buyers to assess the value of a potential purchase. By standardizing the appraisal process, this form ensures consistency and transparency in the property valuation process.

• 1. Property Address: Includes the full address of the property being appraised.
• 2. Borrower: Information about the borrower financing the property.
• 3. Legal Description: Legal terms describing the property.
• 4. Assessor's Parcel #: Parcel number assigned by the local property assessor.
• 5. Neighborhood Name: Name of the neighborhood where the property is located.
• 6. Occupant: Details on whether the property is occupied by the owner, a tenant, or is vacant.
• 7. Property Rights Appraised: Specifies whether the property rights appraised are Fee Simple or Leasehold.
• 8. Assignment Type: Type of assignment, such as Purchase Transaction or Refinance Transaction.
• 9. Contract Price: The price agreed upon in the contract for sale.
• 10. Date of Contract: The date on which the contract for sale was signed.
• 11. Neighborhood Characteristics: Details about the location, property values, growth, and market conditions of the neighborhood.
• 12. Utilities: Information about the utilities available to the property, such as electricity, gas, water, and sewer.
• 13. Site Description: Description of the property's site, including size, shape, and zoning compliance.
• 14. Improvements: Details about the property's improvements, such as foundation, exterior, roof, and amenities.
• 15. Sales Comparison Approach: Analysis of comparable sales to determine the market value of the subject property.
• 16. Cost Approach to Value: Estimation of replacement or reproduction cost of the property.
• 17. Income Approach to Value: Estimation of the property's value based on its income-generating potential.

Failure to submit the Uniform Residential Appraisal Report (Desktop) can result in delays or denials of financing or transaction approvals.

• Financing Denial: The lender may deny the loan application due to incomplete or missing appraisal information.
• Transaction Delays: The property transaction may be delayed, causing inconvenience for all parties involved.
• Legal Issues: Incomplete appraisals can lead to legal disputes and complications.

• 1. Mortgage Applications: Required for assessing property value during loan applications.
• 2. Refinancing: Necessary for homeowners looking to refinance their existing mortgage.
• 3. Sale Transactions: Provides an accurate value assessment for property sale agreements.
• 4. Tax Assessments: Used in determining property value for tax purposes.
• 5. Real Estate Investments: Helpful for investors evaluating potential real estate purchases.