Washington 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 Washington.

Washington Appraisal Affidavit

Product Details

Product Washington 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 #29063
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

A Washington Appraisal Affidavit is a legal document that provides a sworn statement regarding the appraisal of a property. It is typically required by lenders during real estate transactions to confirm the property's value.

The appraisal affidavit must be signed by the appraiser who conducted the property appraisal and is usually notarized to ensure its authenticity. This adds a layer of legal validity to the document.

An appraisal affidavit is often required during the closing process of a real estate transaction, particularly when financing is involved. Lenders use it to verify that the property's value aligns with the loan amount.

While the appraisal affidavit is primarily used for real estate transactions, it is essential that the property in question has undergone a formal appraisal by a certified appraiser. This ensures the affidavit is valid.

If an appraisal affidavit is not provided when required, it may delay the closing process or result in the lender refusing to finance the transaction. It is crucial to comply with this requirement to avoid complications.

Is This Form Right For You?

Use This Form If:

  • Individuals who are finalizing a real estate purchase often need to provide an appraisal affidavit to their lender. This document assures the lender that the property has been appraised accurately and meets the necessary value for financing.
  • Situations requiring a formal declaration of property value may arise during estate planning or probate. An appraisal affidavit can serve as a legally binding statement of the property's worth, which is crucial for tax assessments and inheritance distribution.
  • For those involved in refinancing their mortgage, an appraisal affidavit may be necessary to confirm the current market value of their home. Lenders typically require this document to ensure that the property value supports the new loan amount.
  • In cases where a property is being sold as part of a divorce settlement, an appraisal affidavit can provide a clear and official valuation of the property. This helps both parties agree on a fair division of assets based on the appraised value.
  • Real estate agents may require an appraisal affidavit to facilitate transactions and negotiations. This document provides a formalized valuation that can help in setting an appropriate selling price or in negotiations with potential buyers.

Do Not Use If:

  • – This form is not appropriate when the property has not been formally appraised by a certified appraiser. Without a valid appraisal, the affidavit lacks the necessary foundation and legal weight.
  • – In situations where the transaction does not involve financing, such as cash purchases, an appraisal affidavit may not be required. Buyers and sellers should confirm the necessity of this document with their legal advisors.
  • – If the property is being sold in a manner that does not require a formal valuation, such as a gift or transfer between family members, an appraisal affidavit is unnecessary.
  • – For properties that are not real estate, such as personal property or vehicles, this form is not applicable. The affidavit is specifically designed for real estate transactions and property valuations.
  • – In cases where the appraisal is contested or under dispute, using an appraisal affidavit may not be advisable until the issues are resolved. Legal counsel should be sought in such scenarios.

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