Written Appraisal Reporting
Providing forensic appraisals for complex situations including diminished value, historical values, loan or lease qualifications, insurance coverage and total loss, estate and asset evaluations, donation purposes and large collections. With a professional appraisal, you are able to establish a true and current value for your property. |
Oral Appraisal Reporting
Sometimes known as a verbal approximation of value, the oral appraisal is provided verbally rather than written. It is still bound by USPAP and the ISA RWS and code of ethics. *Oral reporting may not be appropriate for some intended uses. |
A competent appraisal report is defined by ISA:
A cover document explaining in detail what type of value is being sought ("purpose") and how the appraisal is to be used ("function" or "assigned use"). The methodology and resources relied upon, including market analysis and market(s) selected. A complete and accurate description of the property written in such a manner that it can be identified without photos. The date(s) and location of inspection, and the effective date of value. A statement by the appraiser that he or she has no financial interest in the property or that such interest is disclosed in the report.
The appraiser's qualifications and signature.
Additionally ISA advises, a professional appraiser helps you manage these and other such risks by providing a
written opinion of value upon which you can base your financial decisions. Rather than being just an "educated guess,"
the professional appraiser's value conclusions are based on prescribed methods or evaluation, research, and report writing.
Bankers, financiers, investors, insurers, adjusters, estate managers, trustees, executors, attorneys,
judges, federal and state tax agencies — all are dependent upon the knowledge and expertise of the appraiser, and so are you.
A cover document explaining in detail what type of value is being sought ("purpose") and how the appraisal is to be used ("function" or "assigned use"). The methodology and resources relied upon, including market analysis and market(s) selected. A complete and accurate description of the property written in such a manner that it can be identified without photos. The date(s) and location of inspection, and the effective date of value. A statement by the appraiser that he or she has no financial interest in the property or that such interest is disclosed in the report.
The appraiser's qualifications and signature.
Additionally ISA advises, a professional appraiser helps you manage these and other such risks by providing a
written opinion of value upon which you can base your financial decisions. Rather than being just an "educated guess,"
the professional appraiser's value conclusions are based on prescribed methods or evaluation, research, and report writing.
Bankers, financiers, investors, insurers, adjusters, estate managers, trustees, executors, attorneys,
judges, federal and state tax agencies — all are dependent upon the knowledge and expertise of the appraiser, and so are you.