What are the contents of an appraisal report?
(List of questions) The main objective of an appraisal document is to let the reader know the value of the real estate in question, and depending on the scope of the report, one will customarily see the following: • Who engaged the appraiser and whose purposes the appraisal is to serve. • How the appraisal is supposed to be used. • The appraisal’s purpose. • The type of value contained and a definition of the value reported. • The effective date of the appraisal.(Sometimes this is in the past or maybe the future for new construction!) • Relevant property attributes, including: location, physical attributes, legal attributes, economic factors, the real property interest in question, and non-real estate items included in the appraisal, such as personal property, permanent equipment installations and even intangible items. • All known easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a simil
