Types of Commercial Appraisal Reports

There are two common types of appraisal reporting formats through which the appraiser may deliver the results and conclusions of his research and analysis. These reports will vary in length and complexity and are priced accordingly to suit your budget and needs.

All appraisals completed by our firm, regardless of the length and complexity of the report through which the appraiser's findings and conclusions are delivered, are backed by the same exhaustive research and analysis applied in developing an accurate and reliable opinion of value.

RESTRICTED APPRAISAL REPORT - This is typically the lower-cost reporting option, which previously was sometimes referred to as an opinion of value letter due to its brevity.

If extensive supporting documentation is not needed and you simply wish to know the value of a property, this type of appraisal may be what you are looking for. (Note: This format is generally not suitable for intended uses related to tax reporting.)

APPRAISAL REPORT - If a more comprehensive reporting format is necessary or desired, this is the option to select. This report is essentially a document which explains, in great detail, how the appraiser arrived at his opinion of value for the subject property.

The documentation includes data that the appraiser may have used during the preparation of the report. Included along with the data are well-detailed and intricate explanations of the findings, backed up by reasons for the conclusion of the appraised value.

The scope of work and the intended use of the appraisal will dictate which type of report will best suit your individual needs. Call us today for a free consultation with one of our State Certified Commercial Appraisers.

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