What does an MGF Appraisals appraisal report consist of?
(a) A cover letter, (b) a title page, (c) a table of contents, (d) main body of the report, which explains what type of value is being sought (“purpose”), how the appraisal is to be used (“intended use”), the scope of work, methodology and resources relied upon, market analysis and markets selected, a complete and accurate description of the property along with color images and values assigned, limiting conditions, and the appraiser’s certification; (e) glossary; (f) bibliography; (g) appraiser’s qualifications; and (h) annex of selected research. The client receives two color originals.
