Arizona Appraisal Affidavit

Bahman Eslamboly

Form reviewed by Bahman Eslamboly, Attorney at FindLegalForms

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An appraisal affidavit provides the basic details of an appraisal that is signed and sworn to before a notary public. This type of document is often required by financing institutions at the closing of a real estate transaction. This document supplies essentially the same information as the basic Appraisal Report, but in a more formal affidavit.

This form for use in Arizona.

Arizona Appraisal Affidavit

Product Details

Product Arizona Appraisal Affidavit
Country United States
Dimensions Designed for Letter Size (8.5" x 11")
Printer compatibility Designed to print on all ink-jet and laser printers
Editable Yes (.doc, .wpd and .rtf)
Format Microsoft Word
Adobe PDF
WordPerfect
Rich Text Format
Platform Windows Compatible
Mac Compatible
Linux Compatible
Availability In Stock. Instant Download
Usage Unlimited number of prints
Category Appraisal Affidavit
Product number #29019
Download time Less than 1 minute (approx.)
Document Access Via secret online address
Email with download links
Email with attachment upon request
Refund Policy 60 days, no-questions asked, 100% money back guarantee

Frequently Asked Questions

An Arizona Appraisal Affidavit is a legal document that provides a sworn statement regarding the value of a property, typically required during real estate transactions. It is signed before a notary public to ensure its authenticity.

The appraisal affidavit must be signed by the appraiser who conducted the property valuation, as well as a notary public. In some cases, the property owner may also need to sign it to acknowledge the appraisal.

An appraisal affidavit is often required by lenders during the closing process of a real estate transaction. It may also be needed for refinancing, estate planning, or legal disputes regarding property value.

No, a generic affidavit may not meet the specific legal requirements for an appraisal affidavit in Arizona. It is important to use the designated form to ensure compliance with state regulations.

If the appraisal value is lower than expected, it may affect the financing options available to the buyer. In such cases, the buyer may need to negotiate with the seller or seek additional financing to cover the difference.

Is This Form Right For You?

Use This Form If:

  • Individuals who are finalizing a real estate transaction may need to provide an appraisal affidavit to their lender. This document serves as a formal declaration of the property's value, ensuring that the financing institution has accurate information before approving the loan.
  • Situations requiring a formal appraisal for refinancing often necessitate the submission of an appraisal affidavit. Homeowners looking to lower their mortgage rates must provide this affidavit to demonstrate the current market value of their property.
  • To comply with legal requirements during the sale of a property, sellers may be asked to present an appraisal affidavit. This document assures potential buyers and lenders that the property has been professionally evaluated and is worth the asking price.
  • For those involved in estate planning, an appraisal affidavit can be crucial when determining the value of inherited property. This form helps establish a clear valuation that can be used for tax purposes and equitable distribution among heirs.
  • Real estate agents may require an appraisal affidavit to facilitate smooth transactions. By having this document ready, agents can expedite the closing process and provide reassurance to both buyers and sellers regarding the property's value.

Do Not Use If:

  • – This form is not appropriate for informal property transactions where no financing is involved. In such cases, a simple agreement may suffice without the need for a formal affidavit.
  • – If the property has not been professionally appraised, using this affidavit would be misleading. An accurate appraisal is essential to ensure the affidavit reflects the true market value of the property.
  • – Situations involving disputes over property value may require more comprehensive documentation than an appraisal affidavit. In such cases, legal counsel should be sought to address the complexities of the dispute.
  • – For properties located outside of Arizona, this form is not suitable. Each state may have its own requirements and forms for appraisal affidavits, necessitating the use of the appropriate state-specific document.
  • – In cases where the appraisal is outdated or no longer relevant, the affidavit should not be used. An updated appraisal must be obtained to ensure the information is accurate and current.

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