Personal Property Apprasials

With the government, courts, judges, banks, attorneys, accountants, insurance representatives and other professionals examining more closely the personal property appraisal report, it is important to know what to expect from a professional personal property appraisal report.

• Here are a few points that a professional report should have:
  • A complete and accurate description of the property
  • Analysis of the factors affecting value reflecting the appraiser's research in accordance with the standards required by government authorities.
  • A definition of value appropriate to the type of appraisal
  • A value for the property appraised substantiated by the report analysis
  • The appraiser's qualification page
  • The appraiser's signature
  • The appraiser's statement that the appraiser does not have a financial interest in the property
  • You should confirm with the appraiser that the appraiser's report can be defended in court if needed





1. The Appraiser shall obtain the relevant facts relating to the subject property to form the final conclusion of value.
2. All formal appraisal reports shall be in writing signed by the Appraiser.
3. The Appraiser shall disclose any interest in the subject property and will accept an appraisal assignment only if the appraisal can be performed without bias.
4. The Appraiser shall maintain the confidential nature of the appraisal report. The contents of the report shall not be disclosed without consent of the client or by court order.
5. The fee charged by the Appraiser shall be independent of the value in the report.
6. The Appraiser shall maintain respect for others in the appraisal profession.