This is a 2-part ACTIVITY: Reconciliation, Introduction, & Conclusion (Term Pape

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This is a 2-part ACTIVITY: Reconciliation, Introduction, & Conclusion (Term Pape

This is a 2-part ACTIVITY: Reconciliation, Introduction, & Conclusion (Term Paper Part 6)
For this assignment, you will first finalize your URAR 1004 form (Reconciliation section) and submit it as a PDF document. Then, you will write a narrative (3 paragraphs of 5 sentences each) for your final paper and SUBMIT as a Word document. SAVE a copy of your assignment to a Microsoft Word document or google doc. You will need it later for your final paper, “Appraisal Report for Single Family House”. Scroll down to review an example.
The focus of this paper is to show you have the capability to analyze property values and comprehend the 1004 appraisal report form. The audience for this report is a large mortgage lender, who will be interviewing you and hiring your company as appraisers for their properties. This paper is personal to YOU and should not be theoretical in nature. Scroll down and refer to the model example below.
Instructions:
First, you will finalize your URAR form 1004 Appraisal Report with the Reconciliation section at the bottom of page 2. You will reconcile the 3 approaches to value (Sales Comparison, Cost Approach, Income) you just completed in parts 3, 4, and 5. You will submit the final version of your completed 1004 report. Next, you will continue writing the content for your final term paper. In your written narrative, you will analyze the data from your 1004 appraisal report you just completed for the reconciliation of valuation approaches. You will also write your introduction and conclusion. You must use the template shown below, including the headings, and write 3 paragraphs. The first section, “Reconciliation of Value”, will be for the section of your final term paper. It must relate to the subject property and comps as listed on the “Reconciliation” section of the 1004 appraisal you completed. Please also incorporate your Reflection Summary from Chapter 11 and cite the textbook once in each paragraph. The second part is the Introduction and Conclusion for your final term paper. Remember to include a thesis statement (the main point you are arguing in your paper). Refer to the TEMPLATE section below for more details.
Part 1. URAR Form 1004 Appraisal Report RECONCILIATION (Page 2)
On page 2, complete the Reconciliation section using what you learned in Chapters 8 and 10. Include the FINAL PROPERTY VALUE and DATE OF APPRAISAL on the last line in this section. The property value is the MOST IMPORTANT line of the entire appraisal. Below is a reference to an example of this section as illustrated in the textbook.
URAR form 1004 page 2 examples/information:”Reconciliation” section = textbook page 99 (Ch. 3) & page 352 (Ch. 11) & page 371 (Ch. 12)
Part 2. Reconciliation of Value
Instructions: write 3 paragraphs. In the first paragraph, explain and support your appraisal Reconciliation section. In the second paragraph, write an introduction for your appraisal report. In the third paragraph, write a conclusion for your appraisal report. These paragraphs will be inserted in your final paper, which is due in Module 14. Follow the template provided below.
TEMPLATE:



Reconciliation of Value
< Building upon the valuation methods you analyzed in Part 5, write 1 paragraph comparing and contrasting the three valuation approaches (sales comparison, income, and cost approaches) as they relate to the subject property. Refer to the "Reconciliation" section of your appraisal. Explain why the three value conclusions were different or the same. Each paragraph must be 5 sentences. You may re-use parts of your Ch. 11 Reflection Summary. Cite the textbook once per paragraph. >
Introduction
This paragraph will be your introduction to the final report. Write in complete sentences to summarize the knowledge you gained in this class: What does this report cover? Write one sentence each to summarize the major sections of the paper: your qualifications, your knowledge of the property specifics, your business plan proposal highlights, and assurance that you will accomplish their goals for the property. Lastly, write a thesis statement that states you are the most qualified real estate appraiser and they should hire you (always use formal, professional terms).
Conclusion
This paragraph will be your conclusion for the final report. Write in complete sentences. Re-state the thesis statement from the introduction. Recap the major sections of the paper, just like you did in the introduction, except use slightly different words.
Do not use any sources, citations, or references in the introduction or the conclusion paragraphs, per APA guidelines. The paragraphs must be all your own original work in your own words. Refer to the model introduction and conclusion illustrated below.
SAMPLE 1004 RECONCILIATION SECTION
URAR Form 1004, bottom of Page 2
EXAMPLE Supporting Narrative
Following is a model of the narrative assignment to be submitted (3 paragraphs). Do not copy the text below, but you can use it as a template. The thesis statement is highlighted in both the introduction and conclusion. Do you see how the conclusion “mirrors” the introduction? It is the same, but re-worded and stated in reverse order. The introduction and conclusion are like bookends for your report. DO NOT COPY THIS EXAMPLE. Do NOT use red font or yellow highlighting in your assignment. This is shown as an example only.
Ima Student
January 1, 2020
BRE 120 Real Estate Appraisal
Reconciliation of ValueThe subject property located at 123 S. River Road was appraised at a value of $334,000 on November 18, 2020. This final estimate of value was computed after analyzing the three values based on the classic approaches to value. The sales comparison approach value was computed at $333,000 based upon the comparison of three similar property sales and the adjustments to each comp. The cost approach value was computed at $339,600 based upon the site value and the local cost of building materials. Lastly, the income approach value was computed at $334,800 based upon the local market rental rates and the local gross rent multiplier (GRM). “The appraiser reviews all of the data, calculations, and reasoning contained in the entire appraisal, and considers them in light of the terms of the specific appraisal assignment,” (Huber, 2018, p. 351). After analyzing the valuation based on all three approaches, the final value of $334,000 weighted the sales comparison approach most heavily, but was rounded up slightly due to the higher values as computed in the income approach and cost approach.
IntroductionAs the Senior Appraiser and Owner of my company Premier Property Appraisals, I am capable and qualified to produce accurate appraisals. The subject property we appraised is located at 123 S. River Road in Ventura, California. The final estimate of value was computed at $334,000. The narrative portion of the report includes our qualifications, property specifics, and comparison of the property via the three classic approaches to value. It includes a value reconciliation narrative. The 1004 standard report with the subject property value is attached in the appendix. We believe that Premier Property Appraisals is the most highly qualified company to appraise your property.
ConclusionThank you for the opportunity to demonstrate why we recommend you hire Premier Property Appraisals to appraise your property. The 1004 standard report in the appendix demonstrates our competence. The narrative portion of the report highlighted the property specifics, a comparison of the property via the three classic approaches to value, and value reconciliation narrative. It also included our professional qualifications. This appraisal report was for the property located at 123 S. River Road in Ventura, California with a final estimate of value computed at $334,000. As the Senior Appraiser and Owner of Premier Property Appraisals, I will be taking the lead in this appraisal project to ensure your utmost satisfaction.

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