Property Valuation Checklist

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This Template was installed 5 times.

Property Identification & Location

1 of 10

Verify essential details about the property and its surroundings.

Property Address

Parcel Number/Tax ID

Lot Size (Acres/Square Feet)

Building Square Footage (Above Grade)

Year Built

Property Type (e.g., Single-Family, Condo, Land)

GPS Coordinates (optional)

Comparable Sales Analysis (Comps)

2 of 10

Gather and analyze recent sales of similar properties in the area.

Address of Comparable Property 1

Sale Price of Comparable Property 1

Sale Date of Comparable Property 1

Square Footage of Comparable Property 1

Description of Comparable Property 1 (e.g., condition, updates)

Adjustment for Location (Compared to Subject Property)

Adjustment for Condition (Compared to Subject Property)

Adjustment for Features (Compared to Subject Property)

Property Type (Comps)

Property Characteristics

3 of 10

Assess the physical attributes and features of the subject property.

Square Footage (Living Area)

Lot Size (Acres/Square Feet)

Number of Bedrooms

Number of Bathrooms (Full)

Number of Bathrooms (Half)

Construction Type (e.g., Wood Frame, Brick)

Exterior Features

Description of Interior Condition (Overall)

Photos of Exterior

Market Conditions & Trends

4 of 10

Evaluate the current real estate market conditions and recent trends affecting property values.

Average Days on Market (Last 6 Months)

Current Market Sentiment (Buyer's/Seller's/Balanced)

Interest Rate (Current)

Summary of Local Economic Conditions

Recent Zoning Changes?

Factors Influencing Market (Select all that apply)

Date of Market Data Collection

Property Condition & Adjustments

5 of 10

Identify any deficiencies or upgrades that require adjustments to the value.

Overall Condition Summary

Age of Roof (Years)

Age of HVAC System (Years)

Foundation Condition

Deficiencies Identified (Check all that apply)

Estimated Cost of Roof Repair/Replacement ($)

Estimated Cost of HVAC Replacement ($)

Estimated Cost of Kitchen Remodel ($)

Photos of Deficiencies

Legal & Regulatory Considerations

6 of 10

Review relevant legal and regulatory factors that may influence the property's value.

Zoning Verification

Easement Details

Homeowners Association (HOA) Status

Recorded Covenants, Conditions & Restrictions (CC&Rs) Review Summary

Flood Zone Designation

Copy of Title Report (Preliminary)

Environmental Hazard Disclosure Review (Lead Paint, Asbestos, etc.)

Year of Last Property Tax Assessment

Income & Expense Analysis (for Income-Producing Properties)

7 of 10

For properties generating income, evaluate income streams and expenses.

Gross Annual Rental Income

Total Operating Expenses (Annual)

Vacancy Rate (%)

Effective Gross Income (EGI)

Capitalization Rate (Cap Rate)

Detailed Breakdown of Operating Expenses

Lease Type (e.g., Gross, Net, Modified Gross)

Lease Expiration Date (Most Recent)

Valuation Methodology Selection

8 of 10

Document the chosen valuation approach and justification.

Primary Valuation Method

Justification for Method Selection

Secondary Valuation Method (if applicable)

Explanation of Secondary Method Usage (if applicable)

Weighting Factor for Secondary Method (if applicable, as percentage)

Assumptions and Limitations of the Selected Methodology

Final Value Reconciliation & Conclusion

9 of 10

Integrate all data and calculations to determine the final property value.

Summarize key factors influencing the final value.

Adjusted Comparable Sales Price (Average)

Total Value Adjustments (Positive/Negative)

Explain any significant discrepancies between valuation methods.

Valuation Approach Weighting (if multiple approaches used)

Final Determined Value

Statement of Reconciliation: Describe how the final value was reached, reconciling different factors and adjustments.

Documentation & Reporting

10 of 10

Ensure all data, analyses, and conclusions are clearly documented and presented.

Executive Summary of Valuation

Valuation Report Document

Valuation Date

Summary of Key Assumptions

Limitations of the Valuation

Report Distribution List

Appraiser Signature

Signature Date

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