Elements of a properly prepared appraisal report include:
Name & Address of Client
Name, Contact Information and Qualifications of the Appraiser
Signed Certification
Scope of Work
Purpose of the Appraisal
o Insurance
o Donation
o Estate
o Equitable Distribution
o Damage
o Estate Planning
o Liquidation
Approach to Value
o Fair Market Value
o Replacement Cost
o Marketable Cash Value
o Liquidation Value
o Replacement Cost New
Approaches to Value
o Market Data/Sales Comparison
o Cost
o Income
Types of Report
o Restricted Use
o Summary
o Self Contained
Market Analysis & Defined Value Conclusions
Property Descriptions
Extraordinary Assumptions
Limiting Conditions
Pagination and other formatting techniques
