Whats included in a typical real estate appraisal report?
In addition to the main appraisal reporting forms which contain information on, and analyses of the subject property, neighborhood and market, there are typically many attached exhibits. Depending upon the level of the report and inspection, these include: • Pictures of the subject property and comparable sales. • A detailed sketch of the subject property that is used to calculate square footage and show the functionality of the floor plan. • A location map with the locations of the subject property in relation to the comparable sales utilized in the report. • A flood map showing the location of the subject. • All appraisal reports contain the Statement of Limiting Conditions and Appraiser’s Certification. Other attachments, including other relevant photos, descriptions, explanations and addenda may be included if necessary. Q: If I pay for the appraisal, does the real estate appraiser work for me? A: No. You would think that if you pay for the appraisal, you own the report. The apprai
