How long does it take to get my appraisal?
Normal time from placement of the order to
delivery of the appraisal is about five business days.
Access to the property being appraised can
be a factor.
The sooner the appraiser can gain access to
the property the sooner the completed appraisal can be delivered.
What does the appraiser actually do to determine the value of a
property?
This generally depends on a combination of the
purpose of the appraisal, the intended use and user of the appraisal and
the requirements of the client.
Certified appraisers are required to
determine what needs to be done and how, depending on these factors and
the complexity of the assignment.
Appraisers are required to follow rules and
guidelines known as the Uniform Standards of Professional Practice in
determining what work needs to be done and what needs to be included in
the report and/or kept in the appraiser’s file.
USPAP Scope of Rule2 says, in part:
For each appraisal, appraisal review, and appraisal consulting assignment, an appraiser must:
1. Identify the problem to be solved;
2.
determine and perform the scope of work necessary to develop credible
assignment results; and
3.
disclose the scope of work in the report.
An appraiser must properly identify the problem to be solved in order to determine the appropriate scope of work. The appraiser must be prepared to demonstrate that the scope of work is sufficient to produce credible assignment results.
Comment: Scope of work includes, but is not limited to:
§ the extent to which the property is identified;
§ the extent to which tangible property is inspected;
§ the type and extent of data researched; and
§ the type and extent of analyses applied to arrive at opinions or conclusions.
Appraisers have broad flexibility and significant responsibility in determining the appropriate scope of work for an appraisal, appraisal review, and appraisal consulting assignment.
Credible assignment results require support by relevant evidence and logic. The credibility of assignment results is always measured in the context of the intended use.
Will the county assessor see my
appraisal?