What does an appraisal report contain?

In General Area - Asked by Marilynn B. - Oct 2, 2008
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David R.
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.
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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