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This comprehensive guide for appraisers, lenders, and other real estate professionals examines the new condominium appraisal report forms in detail, providing line-by-line instructions and explanations for each required entry. Those new to appraising individual condominium units can learn what is required in a condominium unit appraisal report, while experienced appraisers may want to focus on specific aspects of the form that pose particular challenges. Many case studies are presented to illustrate appropriate responses to a variety of situations that appraisers may encounter in valuing condominiums of different types.
This book is the third in a series of publications on form appraisal reports. Like the Appraisal Institute's other form guides, this text focuses on the proper interpretations of the requirements and regulations that affect residential appraisals. It should be of great practical use to appraisers who value condominiums and can be used as a classroom resource for the instruction of new residential appraisers.