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APPRAISAL WRITING GUIDELINES

 

The appraisal report prepared by Eldridge Appraisals Inc. is the concrete evidence of our academic expertise, our professionalism in the field, our knowledge of the current standards and regulations and our ability to create a substantive and credible document.  The appraisal report is our only product and it will be specifically prepared for the specific assignment, depending on its purpose:  an insurance schedule; the settlement of a damage/loss claim; a determination of tax liability for the IRS in an estate situation; a determination of tax relief for the IRS in a non-cash charitable contribution; the basis for an equitable distribution; the basis for disposition decisions; the basis for a collateral loan decision to illustrate just a few of the possibilities.

 

The appraisal report prepared by Eldridge Appraisals Inc., in addition to a professionally correct document is the primary factor on which our reputation in the field is determined, our best advertisement, a basis for referrals, and a protection from ethical and/or legal complaints. It is a product in which we take pride.

 

The appraisal report prepared by Eldridge Appraisals Inc. allows the reader to follow the appraiser in the valuation process, in a reasonable and logical manner. The document will present, in articulate and precise language: (1) the purpose, terms, approach, and marketplace context in which the value is determined; (2) the extent of examination, and any special circumstances regarding examination (if any); (3) a full description of the object, appropriate to its value, importance and the purpose, applying the evaluative experience of the appraiser; (4) the data and sources examined depending upon the situation and the analysis which was applied, followed by the value conclusion. The narrative will be concise and to the point.

 

According to USPAP 2009, the appraisal document is acceptable when it meets OR exceeds (1) the expectations of parties who are regularly intended users for similar assignments; and (2) what an appraiser’s peers’ actions would be in performing the same or a similar assignment.

 

Each valuation process is unique and the same item will have many different values depending upon the situation. Please call our office today at (800) 940-1819 for a free review of your appraisal needs.

Eldridge Appraisals, Inc is a nation wide company located in Southwest Florida. We often service the following areas: Naples - Fort Myers - Fort Lauderdale - Miami - Palm Beach - Florida Keys - Pensacola - Panama City - Tallahassee - Jacksonville - Sarasota - Destin - Palm Beach - Atlanta - Orlando - Tampa - Clearwater - Alamonte Springs - Gainesville - St. Augustine - Daytona Beach - Merritt Island - Kissimmee - Vero Beach - Fort Pierce - Stuart - Lake Worth - Marco Island - Bradenton - Longboat Key - St. Petersburg - Dunnellon - Fernandina Beach.