Mark Baird, Appraiser offers a variety of products to assist his customers in appraisals. Due to their experience and expertise, the team can provide the products you need to get the best appraisal on real estate, timberlands, farms, houses, and townhome projects, amongst others. Mark Baird is licensed and dedicated to providing his customers with the best appraisals around the area.
Quite often, the team comes across confusion that customers have when it comes to appraisal forms. In order to alleviate this trouble, we have explained the difference between “Appraisals” and “Appraisal Reports” and the categories they fall into:
When one works with appraisals, there is often a misconception by appraisal users between the terms of “Appraisal” and “Appraisal Report”.
USPAP (Uniform Standards of Professional Appraisal Practice) renders the following 2 definitions:
: (noun) the act or process of developing an opinion of value; an opinion of value. (Adjective) of or
pertaining to appraising and related functions such as appraisal practice or appraisal services.
(Appraisal): any communication, written or oral of an appraisal, appraisal review or appraisal consulting
service that is transmitted to the client upon completion of the assignment.
Therefore, the report you receive is the product, while the appraisal process was the service that leads to the report or end result.
Although there are numerous types of Appraisal Reports, they fall into 3 legal categories according to
● Self Contained Appraisal Report● Summary Appraisal Report
● Restricted Use Appraisal Report
Each of these products can have differing “Scope of Work” and thus may be very short or very long depending on the “purpose and function of the appraisal” and the intended use(s) of the report.
A lay person often thinks that an appraisal is virtually always a form report, and that just simply is not the case. A discussion with Mark Baird, Appraiser, will help you determine what product will best suit your needs. We are diverse and can help most users with appraisal services and products.
If you have any questions or comments about our products, please contact us
. We look forward to helping you.