Establishing the Assignment
The intended use, intended users, effective date and type of value are established before the appraisal begins. This ensures that the inspection, research and reporting are appropriate for the decision at hand.
Factors Considered
- Year, builder, model and construction
- Machinery hours and major equipment
- Maintenance and upgrade history
- Observed condition and material deficiencies
- Geographic location and market activity
- Comparable listings and reported sales where available
Common Uses
Assignments may be prepared for insurance, financing, estate planning, charitable donation, litigation or other legitimate financial and legal purposes. Requirements vary, so supporting instructions should be supplied at the outset.
Independent Analysis
The conclusion is developed independently. It is not selected to support a desired asking price, loan amount, insurance limit or negotiating position.