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What to look for in a professional appraisal report....

 

With the government, 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 professional personal property appraisal report. A professional report should include:

 

1.  A complete and accurate description of the property
2.  Analysis of the factors affecting value reflecting the appraiser’s research in accordance with the standards required by government authorities
3.  A definition of value appropriate to the type of appraisal
4.  A value for the property appraised substantiated by the report analysis
5.  The appraiser’s qualification page
6.  The appraiser’s signature
7.  The appraiser’s statement that the appraiser does not have a financial interest in the property
8.  If needed, confirm that the report can be defended in court.

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