About 10.7% of all homes not in foreclosure in the U.S. currently for sale were built between 1970 and 1979, according to real-estate website Trulia, which analyzed listings that contained a home's build date in the propertydescription.
Regulation Section 1.170A-13(c)(3)(ii) requires a qualified appraisal to include a description of the property in sufficient detail for a person who is not generally familiar with the type of property to ascertain that the property that was appraised is the property that was (or will be) contributed.