Appraisal
Reviews

The assignment reviews the original appraisal report for compliance with applicable standards, the appropriateness of the methodology and approaches, the quality and relevance of the data, and the support for the value conclusion. Depending on scope, it may conclude whether the reported value is supported or develop an independent opinion of value. The deliverable is a written review report documenting the findings.

Lenders, attorneys, owners, and investors use appraisal reviews to evaluate the reliability of an appraisal they rely on, to resolve a dispute about a prior appraisal, or to satisfy internal review requirements. For example, a lender receiving an unfamiliar appraiser's report on a complex property may commission a review before relying on it.

The review considers the original report's scope, methodology, data, and reasoning; the applicable appraisal standards; and, where in scope, the underlying market evidence. A review does not necessarily include a new property inspection or full data collection; the scope is set up front. The conclusion addresses the quality and support of the reviewed work and, where applicable, a value opinion.

We begin by discussing the report to be reviewed and the questions you want answered to confirm scope. After agreeing on scope, we examine the report against applicable standards and the underlying evidence, develop findings, and where applicable a value opinion, and deliver a written review report. Scope, fees, and timing depend on the complexity of the reviewed report.