With the government, courts, judges, banks, attorneys, accountants, insurance representatives
and other professionals examining more closely the personal property appraisal report, it is
important to know what to expect from a professional personal property appraisal report.
- Here are a few points that a professional report should have:
- A complete and accurate description of the property
- Analysis of the factors affecting value reflecting the appraiser's research
in accordance with the standards required by government authorities.
- A definition of value appropriate to the type of appraisal
- A value for the property appraised substantiated by the report analysis
- The appraiser's qualification page
- The appraiser's signature
- The appraiser's statement that the appraiser does not have a financial
interest in the property
- You should confirm with the appraiser that the appraiser's report can be
defended in court if needed