Appraisers Add Form to Help Value 'Green ... - Evansville Real Estate

? Posted by Rolando Trentini on Oct 6, 2011 in Blog | 0 comments

The Appraisal Institute recently released a form to help appraisers factor in
energy-efficient home features when valuing homes. The forms can also be used by
real estate agents in describing ?green? properties on the MLS, the Appraisal
Institute notes.

Everything from a home owners? energy efficient appliances to solar panels
may now get more attention from appraisals with the added form.

The new form allows appraisers to identify and describe a home?s green
features. It will serve as an optional addendum to Fannie Mae Form 1004, which
is the appraisal industry?s mostly commonly used form for mortgage purposes,
used by Fannie Mae, Freddie Mac, and the Federal Housing Administration.

?We hope lenders, home builders, real estate agents, and home owners will
take advantage of this new tool,? Joseph C. Magdziarz, president of the
Appraisal Institute, said in a statement. ?Mortgage lenders who want to see
energy features analyzed should request the green addendum to be included with
Form 1004. We also encourage lenders to provide the green addendum to home
owners so they can fill it out and provide it to their appraiser. If a new home
is being appraised, home builders can use the addendum to provide data to
appraisers. Real estate agents also can use the data to help populate the
MLS.?

Source: ?Appraisal
Institute Issues Form to Help Real Estate Appraisers Analyze ?Green?
Features,? RISMedia (Sept. 29, 2011)

http://realtormag.realtor.org/daily-news/2011/09/30/appraisers-add-form-help-value-green-homes

Source: http://evansvillerealestate.info/2011/10/06/appraisers-add-form-to-help-value-green-homes/

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