A written report submitted by the appraiser to support and document the opinion of value rendered by the appraiser. The form of the appraisal report can be a letter of valuation, a single page standard form or a more elaborate report.
Estimate of real estate value, presumably by an expert. An appraisal evaluates the property at a given time based on facts regarding the location, improvements, neighborhood and comparable sales. Generally, the value is based on three approaches: cost, market and income.
The end result of the appraisal process, usually consists of one major, standardized form such as the Uniform Residential Appraisal Report form 1004, as well as all supporting documentation and additional detail information. The purpose of the report is to convey the estimated value of the subject property and support that estimate with corroborating information.
A detailed evaluation a property's value that is typically conducted by a professional. The report is then based on an inspection of the property and a review of nearby, comparable properties along with their values.
The detailed written report that shows the value of a property, based on recent comparable sales, in the area. It also includes a description of the property and structures, street address, zoning allowed, assessed valuation and taxes, best use for the property and information about the appraiser.
The document that results from the appraisal mission and serves as the basis for project operational planning and annual planning. It is the overall framework (but not a blueprint) for the project strategy.