A competent appraisal report has ...  

• A cover document explaining in detail what type of value is being sought ("purpose") and how the appraisal is to be used ("function" or "assigned use").
• The methodology and resources relied upon, including market analysis and market(s) selected.
• A complete and accurate description of the property written in such a manner that it can be identified without photographs.
• The date(s) and location of inspection, and the effective date of value.
• A statement by the appraiser that he or she has no financial interest in the property or that such interest is disclosed in the report.
• The appraiser's qualifications and signature.

 Do not accept an appraisal if ...  

• It is handwritten or unsigned.
• The fee is based on a contingency or upon the value of the property.
• The appropriate "purpose" and "assigned use" are not stated.
• The item is beyond the appraiser's expertise.
• The appraiser is not willing and able to defend it in court (subject to the appraiser's availability, and separate fee arrangement).

Ph:  206-241-0359
Fax: 206-241-0436

Email:
isahq@isa-appraisers.org