Five reasons why you should order a 1004 appraisal

<<>> If you are using the loan for lending purposes, you will want to order a 1004 real estate appraisal. A 1004 real estate appraisal is one of the most popular appraisals used to determine the market value of your home. This type of appraisal will require a full inspection of your home. If your home is a single family residence and you are trying to take out a loan, this is what the bank will order.

If your home is a single family residences and your home is a stick built home and not a manufactured home, than you should order a 1004 appraisal. Different forms are used for different purposes. The 1004 can’t be used for multi-family forms, condos, or manufactured homes. These types of properties will require different forms.

The 1004 appraisal is usually more accurate and more detailed than other appraisal types that do not allow the appraiser to go inside the home. This is because the appraiser has the opportunity to walk through your home and ask questions about your home and the level of improvements that you’ve completed.

If your home is unique, this is the recommended appraisal for single family homes. During the appraisal, the appraiser will set up an inspection time. Once at your home, the appraiser will begin by confirming the square footage of your home and taking photos. Many appraisers will take photos of the interior of your home. I will take photos of all interior rooms, kitchen, bathroom, dining room and all other rooms and walls on the interior and exterior of the home.

If your home is a unique home, make sure you order a 1004 real estate appraisal and not a drive by or a desktop appraisal. This is because the appraiser will have the opportunity to walk through your home and look at your home with more detail.

If you’re a homeowner and you need to determine the value of your home before you list or refinance, talk to your realtor or hire an appraiser to complete a desktop appraisal.