The Report
Elements of a properly prepared USPAP compliant appraisal report include:
- Name and Address of Client
- Intended Use
- Intended Users
- Name, Contact Information and Qualifications of the Appraiser
- Signed Certification
- Scope of Work Narrative
- Purpose of the Appraisal
- Insurance
- Donation
- Estate
- Equitable Distribution
- Damage Claims and Inspections
- Estate Planning Liquidation
- Pre Move Inspections
- Types of Value
- Fair Market Value
- Replacement Cost
- Marketable Cash Value
- Liquidation Value
- Replacement Cost New
- Reproduction Cost
- Approaches to Value
- Market Data/Sales
- Comparison
- Cost Income
- Types of Reports
- Restricted Use
- Summary
- Self Contained
- Market Analysis
- Defined Value Conclusions
- Property Descriptions
- Extraordinary Assumptions
- Limiting Conditions
- Pagination and other formatting techniques