Fillable Printable Real Estate Evaluation Form Worksheet

Real Estate Evaluation Form Worksheet

REAL ESTATE EVALUATION WORKSHEET

Property Name: Unit:

Applicant/Resident Name:

Current value of real estate

Minus mortgage owing

Minus second mortgage/deed of trust

Minus 10% selling costs (based on value)

Minus other (explain)

Equals amount to be valued as an asset =

If real estate is rented, you will need to obtain a copy of the resident’s signed federal tax return

complete with all schedules as well as a copyof the rental agreement.

If real estate was sold on contract, you will need to obtain a copy of the contract and determine

whether there is an underlying mortgage and if so, the interest rate. This information will

determine which method you will use for figuring income. The easiest method is to obtain a

copy of their signed federal tax return with all schedules.

If real estate is currently listed for sale, obtain a copy of the listing agreement. If the sale is

pending, obtain a copy of the RESPA statement, which will reflect the net proceeds. If the

transaction has closed recently, request a HUD –1 Settlement Statement.