What does an appraisal report contain?

In General Area - Asked by Marilynn B. - Oct 2, 2008
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Answer(s)

David R.
Appraiser
Sardis City, AL

The report includes facts / analysis of the property, location (area) and the overall market. Photographs are usually taken as well, along with a sketch of the property, floor plan, and map displaying the property in relation to other surrounding properties. With commercial properties the income records and operating costs will also be considered. A Statement of Limiting Conditions and Appraisers Certification is also included in the report.

Oct 2, 2008
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Chris S.
Broker/Agent
Coeur D'alene, ID

These are really the absolute minimum requirements ...
Highest and Best Use
Cost Approach
Sales Comparison Approach
Income Approach
You can reference the full details of a commercial appraisal based on the Uniform Standards of Professional Appraisal Practice (USPAP), copies of which can be obtained from the Appraisal Institute.

Jan 16, 2009
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