What
to Look for in a Professional Appraisal Report
With the government and with courts, judges, banks, attorneys,
accountants, insurance representatives and other professionals
examining more closely the personal property appraisal report,
it is important to know what to expect from a well-written
report.
Here are
a few points that a Professional Report Should Have:
-
A
complete and accurate description of the property
-
Analysis
of the factors affecting value reflecting the
appraiser's research in accordance with the standards
required by government and other authorities
-
A
definition of value appropriate to the type of
appraisal
-
A
value for the property appraised substantiated
by the report analysis
-
The
appraiser's qualifications page
-
The
appraiser's signature
-
The
appraiser's statement that the appraiser does
not have a financial interest in the property
|
You should confirm
with the appraiser that the appraiser's report could be defended
in court if needed. |
