UNDERSTANDING YOUR APPRAISAL
What Goes Into Your Appraisal
A considered process. A clearly explained conclusion. Explore the elements that give an appraisal its context, clarity, and purpose.
EXPLORE THE COMPONENTS
Select a section to learn why it matters.
01Object identification & characteristics
Materials, dimensions, construction, identifying marks, and relevant condition help establish a clear record of the object.
WHY IT MATTERS
A value opinion begins with understanding the object.
02Intended use & intended users
The assignment identifies the purpose of the appraisal and the people or parties intended to use the results.
WHY IT MATTERS
The question being answered shapes the work required.
03Type of value & effective date
The relevant type and definition of value, along with the date to which the opinion applies, provide essential context.
WHY IT MATTERS
Different purposes and dates can lead to different value conclusions.
04Scope of examination & research
The report explains the work performed, including examination, information sources, and research, as appropriate to the assignment.
WHY IT MATTERS
You can understand the basis of the analysis and any limits on the available information.
05Market evidence & analysis
Relevant evidence is evaluated in the context of the object, the market, and the defined appraisal problem.
WHY IT MATTERS
An explained conclusion has a traceable analytical foundation.
06Value conclusion & report disclosures
The conclusion is presented with relevant assumptions, limitations, and certification, as applicable.
WHY IT MATTERS
The results can be understood within their stated context and intended use.
An overview, not a sample report. Content and level of detail depend on the assignment. USPAP does not prescribe one universal report form.
An appraisal begins with the right questions.
Tell us about your object and the purpose of your assignment.