Recognizing Quality Appraisals

Recognizing Quality Appraisals

In today's world accurate and timely information is everything. Inaccurate value conclusions can have devastating effects on your real estate transactions. To serve you better, BRATCHER & ASSOCIATES offers you an insight into the different kinds of appraisals to help you decide on the type of information you need to make sound decisions. In general, the purpose of an appraisal is to provide you with an accurate and realistic estimate of value to be used in real estate decisions.

A quality appraisal report will conform to the accepted standards of the profession set forth in the Uniform Standards of Professional Appraisal Practice. Depending on the type, a report leads the reader through the appraiser's analysis of relevant market data to a reasonable, well-documented value conclusion. BRATCHER & ASSOCIATES gives you personal attention and provides accurate, reliable, and actionable results.

Approaches to Value

  • Sales Comparison
  • Cost
  • Income Capitalization

What is an Appraisal?

An appraisal is defined as: (noun) "the act or process of developing an opinion of value; an opinion of value. 9 (adjective) of or pertaining to appraising and related functions such as appraisal practice or 10 appraisal services." (2012/2013 Uniform Standards of Professional Appraisal Practice).

Readdressing, Reassigning, Reappraising: Do's and Don'ts - Professional Practice Documents