Joel A. Ortquist 
Independent State of Michigan Licensed Real Estate Appraiser Since 1991
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2112 Henry Street - Muskegon, MI  49441
Phone: (231) 755-5402 - 24 Hour Fax: (231) 755-5386
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Types Of Appraisals

A real estate appraisal is usually performed to determine the true market value of a home or property.  An appraisal can be performed for all kinds of reasons.  Most are done as a Full Appraisal with an Interior Inspection. 

There are times that an Exterior Only Appraisal is what is needed for whatever reason.  These types of appraisals are performed by examining the property from the street and then getting tax information for the age, size, extras and so on.  This type of appraisal is not considered the norm, but actually is done quite often for a variety of reasons. 

Sometimes, the person or company ordering the appraisal wants a different type of form for the appraisal to be based upon.

The purpose of the appraisal itself can sometimes determine what kind of form a person or company  would like the results delivered upon.

I am fully experienced with all of the types of forms used for residential real estate appraising.

Below is a list of the most common types of appraisal reports:

  • Standard Full Residential Appraisal completed on the Uniform Residential Appraisal Report (URAR).

  • Exterior Only Appraisal completed on the FNMA form 2055

  • Interior Appraisal completed on the FNMA form 2055.

  • Vacant Land forms.

  • Many other types of appraisal forms are available. This is just a short list of the available forms that are the most popular.  If you are unfamiliar with what type and form of appraisal you need, I will help you decide which is the most appropriate for your needs.

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