Home Appraisal FAQs - Appraisals What does an appraisal report contain?
What does an appraisal report contain?

Appraisal Report ContentsEach real estate appraisal report must be based on a credible estimate of value and must identify the following:

  • The client and other “intended users” (if any).
  • The “intended use” of the report.
  • The “purpose of the appraisal."
  • The type of value and the definition of the value used as a basis of the appraisal.
  • The effective date of the appraiser's opinions and conclusions.
  • Descriptions of the relevant property characteristics, location attributes, physical data, economic conditions, the real property interest, and any non-real estate items included in the appraisal.
  • Describe the known or disclosed: easements, restrictions, encumbrances, leases, reservations, covenants, contracts, declarations, special assessments, ordinances, and other items of a similar nature.
  • Division of interest, such as fractional interest, physical segment and partial holding.
  • A description of the scope of work used to complete the appraisal.
Visit here for a more in-depth description of the typical form: Appraisal Report Types

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