TRADITIONAL
The standard form for a house for one family.
Form Type 1004, Single Family Residence (SFR)
This form is needed when a single-family residence needs to be repaired or renovated, an appraiser may make the report “subject-to” those updates. These can often require inspections to confirm if specific work has been completed.
Form Type 1004D Completion Report
This multi-purpose form is for exterior inspections for single family homes, multifamily homes, and manufactured homes.
Form Type 2055, SFR / Multifamily / Manufactured Home
What is a Hybrid Appraisal?
Hybrid appraisals use modern technology to enhance, expedite, and ease the appraisal process. Hybrid products can also be called simply “modern” or “bifurcated” products. A hybrid appraisal is a lot like a traditional appraisal, but instead of the appraiser doing both the inspection of the home and the appraisal report, the process is split into two parts that are each completed by a different person. When a hybrid appraisal is used for a property valuation, a third party will visit the property and complete the physical inspection of the home, noting its condition, features, size, location and any other factors that are relevant to the property’s value.
What is a BPO?
A broker price opinion, commonly known as a BPO, is a real estate professional’s opinion of a property’s value.
This form is for Condominiums, an ownership structure in which a part of the development is owned by the homeowner, but they don’t necessarily own the land. Many condominium communities superficially resemble apartment complexes.
Form Type 1073, Condo
This form is for when enough time has passed that the customer may want the appraiser to check the value on a previous appraisal against changes in the market.
Form Type 1004D Appraisal Update
This form is better tailored to reflect the unique properties of manufactured homes without needing interior access.
Form Type 1004C-Exterior
This form is a Modern desktop appraisal utilizing a Property Data Collection (PDC).
Form Type 1004 Hybrid/70H
This inspection provides a description and analysis of the subject property and neighborhood condition.
Property Condition Inspections (PCI)
The standard form for a house for more than one family, ie, a duplex, triplex, or “4-plex”. This also includes a 1007 built-in.
Form Type 1025, Multi-Family Residence (MFR)
This is an addendum that is used to further clarify and support an appraiser's opinion.
Form Type 1004MC / Market Conditions Addendum
This form is better tailored to reflect the unique properties of condominiums without needing interior access.
Form Type 1075, Condo Exterior
This form is a Fannie Mae-specific Modern desktop appraisal utilizing a Property Data Collection
Form Type Bifurcated 1004 Hybrid
This form is an exterior report following natural disasters such as a flood, hurricane or tornado. Also will Evaluate the condition of the surrounding neighborhood.
Post Disaster Inspections (PDI) Exterior, Residential, & Commercial
This form is for Manufactured homes also called mobile homes. They’re factory-built homes that can be placed, all in one piece, on a plot of land.
Form Type 1004C, Manufactured Home
This addendum exists to state in plain terms if the property can or does generate income for the occupant or owner.
Form Type 216, Operating Income Statement
This form is better tailored to reflect the unique properties of Co-Ops without needing interior access.
Form Type 2095,Co-Op Exterior
This form is a Freddie Mac-specific Modern desktop appraisal utilizing a Property Data Collection
Form Type Bifurcated 70H
What is a Rental Market Report?
The Rental Market Report is an extension to our BPO valuation report, and provides insightful and valuable rental information so you can get the real story into the rental potential of your current assets or new investments.
This form is for Co-Ops, a unique ownership structure that is essentially a financial nonprofit corporation, complete with a board of directors, and each member of the Co-Op is a shareholder in the community and lives in that community. Because of this unique ownership, they require some different information than other appraisals.
Form Type 2090 Co-Op
This form/addendum, also called a Rent Schedule, can be added on to other forms. Completing this form provides information for comparable rent values in the subject’s market.
Form Type 1007, Comparable Rent Schedule
This form only assesses the value of land, and not any structure that lies upon it. This can be used for empty plots of land or, in more rare cases, could be used for land that hosts a subject that’s either to be disregarded or may even be slated for demolition!
Form Type Land Only
This form is a Modern desktop appraisal utilizing a Desktop Data Collection (DDC). A Desktop Data Collection doesn’t require a physical inspection to take place, so these are excellent options for fast assessments on cookie-cutter properties that tend not to deviate from the norm
Form Type 1004 Desktop/70D
What Products are used for Diaster Relief?
FEMA Services, Property Condition Inspections (PCI), Post Disaster Inspections (PDI)
Our FEMA service is used as a pre-screening tool to identify the date, nature of the disaster (hurricane, tornado,severe winter storm, landslides, flooding, mudslides, etc.) and FEMA disaster ID number. To determine which assets require boots-on-the-ground inspection after a natural disaster, start with Clear Capital’s FEMA Service.