The appraisers at Eldridge Appraisals Inc. have the necessary experience and credentials to provide plausible appraisals and testimony, assisting in your successful compensation. We understand and utilize the Standards Rules of the Uniform Standards of Professional Appraisal Practice that allows a professional appraiser a method to address this problem and the proper way that it should be presented in a court of law.
Hypothetical and Extraordinary Assumptions Definitions
USPAP Standards Rule 3.2g and 8a xi
Hypothetical Condition– A condition directly related to a specific assignment, which is contrary to what is known by the appraiser to exist on the effective date of the assignment results, but is used for the purpose of analysis. Appraisals are permitted under the USPAP (Uniform Standards of Professional Appraisal Practice) 2014-2015 in situations where it is clearly required for legal purpose, for purposes of reasonable analysis or for purposes of comparison; use of the hypothetical condition results in a credible analysis and that the appraiser complies with the disclosure requirement set forth in USPAP 2014-2015 for hypothetical conditions. [Definitions line 81-83]
Extraordinary Assumptions-An assumption directly related to a specific assignment, as of the effective date of the assignment which if found to be false, could alter the appraiser’s opinions or conclusions. [Definitions line 73-75]
These recommendations are intended as guidance only and Eldridge Appraisals Inc. assumes no responsibility for statements made or advice given.