Agency appraisal standards and requirements.

CFR · 2024-01-01 · US · Title 7

(a) (b) (c) (1) (2) (i) Transmittal letter; (ii) Factual information about the property; (iii) Regional and neighborhood data; (iv) Description of the subject property; (v) Description of existing and planned improvements; (vi) A highest and best use analysis; (vii) A statement regarding any environmental issues, such as potential contamination of the property from hazardous substances, hazardous wastes, or petroleum products; (viii) A cost approach analysis (if applicable); (ix) A sales comparison approach analysis (if applicable); (x) An income approach analysis (if applicable); (xi) A reconciliation of the value indications derived from the included approaches to value; and (xii) A signed and dated certification of value. (3) At the time an appraisal is requested, the Agency will specify either a complete or a limited appraisal and one of the following types of appraisal reports, based upon the complexity of the appraisal assignment. (i) A self-contained report that comprehensively describes all information significant to the solution of the appraisal problem; (ii) A summary report that summarizes all information significant to the solution of the appraisal problem; or (iii) A restricted use report, intended for Agency use only, that briefly states all information significant to the solution of the appraisal problem. (d) (1) Physically possible; (2) Legally permissible; (3) Financially feasible; and (4) Maximally productive. (e) (f) (g) (h) (i) (j) (k) (l)

official document · source cfr-2024 · id 7:§ 3560.753