What is an Appraisal Report?

An appraisal report is a written statement by an appraiser concerning the estimated value of a property. This report can also be prepared for the estimated cost to repair property, such as following storm damage to a building. A well-written report states the methods and calculations used to derive a valuation. This report can be a source document for the derivation of asset fair values.

What is a Restricted Appraisal Report?

A variation on the concept is the restricted appraisal report. It is shorter than a regular appraisal report, and summarizes the appraiser’s value conclusion, as well as descriptions of the property and market, and includes a written certification.