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Mortgage Appraisal |
Relocation Appraisal |
| Intended Use: Facilitate Mortgage Lending |
Intended Use: Facilitate Corporate Relocation |
| Purpose: Estimate Market Value |
Purpose: Estimate Anticipated Sales Price |
| Market Value: Exposure Time Precedes Date of Appraisal |
Anticipated Sales Price: Marketing Time Occurs After Date of Appraisal |
| Long-Term Decision-Making (up to 30 years) |
Short-Term Decision-Making (up to 120 days) |
| Uniform Residential Appraisal Report Comprehensive Analysis |
E-R-C Residential Appraisal Report Expanded Analysis of Market Data |
| Identifies Category for "Design" and "Appeal" | Emphasizes "Appeal" and "Decor" as Critical Items for Consideration |
| Financing: Cash Equivalency No Adjustments for Normal Seller Costs |
Financing: Cash Equivalency Adjustments for Sales and Financing Concessions |
| Retrospective Analysis No Forecasting |
Prospective Analysis Forecasting |
| Normal Marketing Time (without limit) |
Reasonable Marketing Time (not to exceed 120 days) |
| Requires Closed Sales | Requires Closed Sales And Competing Properties And Considers Pending Sales |
