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What does the Appraisal Report contain?

What does the Appraisal Report contain?

Each Appraisal Report must reflect a credible estimate of Market Value and will include, at the minimum, the following:

  • The client and other intended users
  • The intended use of the report
  • The purpose of the assignment
  • The type of Value reported and the definition of the Value reported
  • The effective date of the Appraiser’s opinions and conclusions
  • Relevant property characteristics such as location attributes, physical attributes, legal attributes, economic attributes, the real property interest valued
  • All known easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.
  • Division of interest, such as fractional interest, physical segment and partial holding
  • The scope of work used to complete the assignment
  • Photos of the property, the comparable sales, location maps, sketch of the property