Examination – The appraiser meticulously examines all property, evaluating characteristics, noting condition, obtaining measurements and taking photographs. The time spent in this phase is considered “On-Site Time”.
Photographs – Digital photographs are taken to document your property, comply with IRS regulations, and to aid with research. Photographs are included in the appraisal report.
Research – The appraiser researches marks and labels, verifies dates, locates comparable items and selling history, investigates appropriate markets, and consults experts, when necessary. This approach produces an accurate report that fully protects you and your property. This phase is considered “Research Time”.
Report – The Appraisal Report is written in compliance with the International Society of Appraisers’ (ISA) Appraisal Report Writing Standard, American Society of Appraisers’ guidelines and Uniform Standards of Professional Appraisal Practice (USPAP). The report includes a cover document detailing the process taken, definitions of values used, a list of items with descriptions, photographs, and the appraiser’s qualifications. The report is typed and bound.