What is an Appraisal Affidavit Template?

An Appraisal Affidavit, or also referred to as an Appraisal Affidavit Template, is used by individuals to provide and confirm the basic details of an appraisal.

Normally, the affidavit is used during a real estate closing process and contains the same information as an appraisal.

How to fill out an Appraisal Affidavit Template?

To fill out an Appraisal Affidavit Template, you must provide the following information:

Current Date

Enter the current date.

State Appraiser License Number

Enter your state appraiser license number.

Appraisal Affirmation of Property

Name of Appraiser

Enter your full legal name.

Appraisal Date

Enter the date when the appraisal was made using the format: Day-Month-Year.

Value of the Property

Enter the value of the appraised property with encumbrances in U.S. dollars.

Total Gross Value of the Property

Enter the total gross value of the appraised property in U.S. dollars.

Methods of Approach

Enter the methods of approach you used to determine the appraisal of the said property.

Appraisal Certification

Name of Appraiser

Enter your full legal name.

Appraiser Signature

Affix your signature.

Agency Name of Appraiser

Enter the full legal name of your agency.

Agency Phone Number

Enter the phone number of your agency.

Agency Address of Appraiser

Enter the address of your agency.

Current Date

Enter the current date.

Can I make my own Appraisal Affidavit Template?

Yes, you can make your own Appraisal Affidavit template. To do this, you must include the following information:

Current date
Your state appraiser license number
Your full legal name
The date of your property appraisal
Value of the said property without encumbrances
The total gross value of the said property
Methods of approach in the appraisal
Your signature
The name of your appraisal agency
Phone number of your appraisal agency
Address of your appraisal agency

After providing all of the information stated above, take your Appraisal Affidavit to a notary. A notary public should notarize your Appraisal Affidavit to make it a valid document.

Can an Appraisal Affidavit be handwritten?

An Appraisal Affidavit is recommended to be in electronic document form instead of it being handwritten. This is done to avoid problems when reading other people’s handwriting. After completing your affidavit, you can print it and have it notarized to make it a valid document.

Who should get a copy of the Appraisal Affidavit?

The buyer must always have a copy of the Appraisal Affidavit in any situation.

On the other hand, the seller does not usually get a copy of the appraisal affidavit. But in some cases, they can opt to request a copy of it.

Do I need to notarize my Appraisal Affidavit Template?

Yes. To make your Appraisal Affidavit a legal and valid document, you must have it notarized.

What is an appraisal?

Essentially, an appraisal is done to estimate the current market value of a certain property.

What is the purpose of an Appraisal Affidavit?

An Appraisal Affidavit is used by an appraiser to describe the property he or she appraised and confirm its details under the penalties of perjury.

This legal document is used to affirm that the details of the property and its appraisal are true, correct, and complete.

Is an Appraisal Affidavit a legal document?

An Appraisal Affidavit will become a proper legal document after it gets notarized by a person of authority.

Is a notary and an Appraisal Affidavit the same thing?

A notary and an Appraisal Affidavit are two different things.

A notary is needed to make an Appraisal Affidavit a complete and valid document.

How long does it take to get an Appraisal Affidavit?

A complete Appraisal Affidavit will take around 30 minutes to 1 hour to get if we consider getting stamp paper, printing it, and having it notarized by a person of authority.

How much do real estate appraisals cost?

Property appraisals differ depending on their location and type. Shown below are the prices for different types of properties or homes in the United States (U.S.):

300 to 400 dollars: Single Family Home with Standard Loan
400 to 500 dollars: Federal Housing Administration (FHA) or Veterans Affairs (VA) Single Family Home
300 to 500 dollars: Condominium
500 to 1,000 dollars: Multi Family Home with 2 units
1,500 to 3,000 dollars: Apartment Building
1,000 to 3,000 dollars: Raw Land with 1 to 3 acres

Here are the prices for properties or homes in each state in the United States (U.S.):

300 to 435 dollars: Alabama
315 to 320 dollars: Alaska
310 to 395 dollars: Arizona
350 to 445 dollars: Arkansas
300 to 400 dollars: California
340 to 495 dollars: Colorado
300 to 375 dollars: Connecticut
320 to 385 dollars: Delaware
300 to 380 dollars: Florida
290 to 365 dollars: Georgia
315 to 420 dollars: Hawaii
385 to 520 dollars: Idaho
315 to 405 dollars: Illinois
325 to 405 dollars: Indiana
315 to 420 dollars: Iowa
315 to 395 dollars: Kansas
280 to 345 dollars: Kentucky
395 to 450 dollars: Louisiana
315 to 420 dollars: Maine
295 to 380 dollars: Maryland
330 to 420 dollars: Massachusetts
270 to 320 dollars: Michigan
340 to 396 dollars: Minnesota
350 to 395 dollars: Mississippi
280 to 360 dollars: Missouri
315 to 420 dollars: Montanna
315 to 420 dollars: Nebraska
300 to 370 dollars: Nevada
315 to 420 dollars: New Hampshire
375 to 585 dollars: New Jersey
410 to 475 dollars: New Mexico
320 to 475 dollars: New York
285 to 380 dollars: North Carolina
315 to 420 dollars: North Dakota
290 to 340 dollars: Ohio
370 to 450 dollars: Oklahoma
400 to 525 dollars: Oregon
320 to 385 dollars: Pennsylvania
370 to 425 dollars: Rhode Island
235 to 360 dollars: South Carolina
315 to 420 dollars: South Dakota
370 to 445 dollars: Tennessee
320 to 425 dollars: Texas
330 to 425 dollars: Utah
315 to 420 dollars: Vermont
300 to 365 dollars: Virginia
400 to 580 dollars: Washington
315 to 420 dollars: West Virginia
285 to 345 dollars: Wisconsin
315 to 420 dollars: Wyoming

Fillable Form Appraisal Affidavit Template