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Riverside Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Riverside, Riverside County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Riverside Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Riverside, Riverside County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Riverside CA Commercial Real Estate & Home Property Appraiser

Riverside CA Car Wash Valuations, Appraisals
Riverside CA Date of Death Valuation, Property Tax Appraisal
Riverside CA Fast Food Franchise Business Valuations, Appraisals
Riverside CA Hotel – Motel Business Valuations, Appraisals
Riverside CA Median Home Price and Appraisal Value
Riverside CA Property Tax Assessment Appeals
Riverside CA Real Estate Appraisal Review
Riverside CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Riverside CA Restricted Use Appraisal Report, Review For Single User
Riverside California Eminent Domain Just Compensation Appraisal
Riverside Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Riverside, CA
Phone: 562.694.4920

Contact Person:
Riverside Real Estate Property Appraiser

Riverside Restricted Use Appraisal Report or Review For Single User

Temecula Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Temecula, Riverside County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Temecula Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Temecula, Riverside County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Temecula CA Commercial Real Estate & Home Property Appraiser

Temecula CA Car Wash Valuations, Appraisals
Temecula CA Date of Death Valuation, Property Tax Appraisal
Temecula CA Fast Food Franchise Business Valuations, Appraisals
Temecula CA Hotel – Motel Business Valuations, Appraisals
Temecula CA Median Home Price and Appraisal Value
Temecula CA Property Tax Assessment Appeals
Temecula CA Real Estate Appraisal Review
Temecula CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Temecula CA Restricted Use Appraisal Report, Review For Single User
Temecula California Eminent Domain Just Compensation Appraisal
Temecula Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Temecula, CA
Phone: 562.694.4920

Contact Person:
Temecula Real Estate Property Appraiser

Temecula Restricted Use Appraisal Report or Review For Single User

Murrieta Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Murrieta, Riverside County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Murrieta Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Murrieta, Riverside County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Murrieta CA Commercial Real Estate & Home Property Appraiser

Murrieta CA Car Wash Valuations, Appraisals
Murrieta CA Date of Death Valuation, Property Tax Appraisal
Murrieta CA Fast Food Franchise Business Valuations, Appraisals
Murrieta CA Hotel – Motel Business Valuations, Appraisals
Murrieta CA Median Home Price and Appraisal Value
Murrieta CA Property Tax Assessment Appeals
Murrieta CA Real Estate Appraisal Review
Murrieta CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Murrieta CA Restricted Use Appraisal Report, Review For Single User
Murrieta California Eminent Domain Just Compensation Appraisal
Murrieta Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Murrieta, CA
Phone: 562.694.4920

Contact Person:
Murrieta Real Estate Property Appraiser

Murrieta Restricted Use Appraisal Report or Review For Single User

Moreno Valley Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Moreno Valley, Riverside County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Moreno Valley Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Moreno Valley, Riverside County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Moreno Valley CA Commercial Real Estate & Home Property Appraiser

Moreno Valley CA Car Wash Valuations, Appraisals
Moreno Valley CA Date of Death Valuation, Property Tax Appraisal
Moreno Valley CA Fast Food Franchise Business Valuations, Appraisals
Moreno Valley CA Hotel – Motel Business Valuations, Appraisals
Moreno Valley CA Median Home Price and Appraisal Value
Moreno Valley CA Property Tax Assessment Appeals
Moreno Valley CA Real Estate Appraisal Review
Moreno Valley CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Moreno Valley CA Restricted Use Appraisal Report, Review For Single User
Moreno Valley California Eminent Domain Just Compensation Appraisal
Moreno Valley Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Moreno Valley, CA
Phone: 562.694.4920

Contact Person:
Moreno Valley Real Estate Property Appraiser

Moreno Valley Restricted Use Appraisal Report or Review For Single User

Corona Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Corona, Riverside County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Corona Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Corona, Riverside County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Corona CA Commercial Real Estate & Home Property Appraiser

Corona CA Car Wash Valuations, Appraisals
Corona CA Date of Death Valuation, Property Tax Appraisal
Corona CA Fast Food Franchise Business Valuations, Appraisals
Corona CA Hotel – Motel Business Valuations, Appraisals
Corona CA Median Home Price and Appraisal Value
Corona CA Property Tax Assessment Appeals
Corona CA Real Estate Appraisal Review
Corona CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Corona CA Restricted Use Appraisal Report, Review For Single User
Corona California Eminent Domain Just Compensation Appraisal
Corona Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Corona, CA
Phone: 562.694.4920

Contact Person:
Corona Real Estate Property Appraiser

Corona Restricted Use Appraisal Report or Review For Single User

Victorville Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Victorville, San Bernardino County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Victorville Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Victorville, San Bernardino County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Victorville CA Commercial Real Estate & Home Property Appraiser

Victorville CA Car Wash Valuations, Appraisals
Victorville CA Date of Death Valuation, Property Tax Appraisal
Victorville CA Fast Food Franchise Business Valuations, Appraisals
Victorville CA Hotel – Motel Business Valuations, Appraisals
Victorville CA Median Home Price and Appraisal Value
Victorville CA Property Tax Assessment Appeals
Victorville CA Real Estate Appraisal Review
Victorville CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Victorville CA Restricted Use Appraisal Report, Review For Single User
Victorville California Eminent Domain Just Compensation Appraisal
Victorville Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Victorville, CA
Phone: 562.694.4920

Contact Person:
Victorville Real Estate Property Appraiser

Victorville Restricted Use Appraisal Report or Review For Single User

San Bernardino Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near San Bernardino, San Bernardino County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

San Bernardino Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in San Bernardino, San Bernardino County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near San Bernardino, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

San Bernardino CA Commercial Real Estate & Home Property Appraiser

San Bernardino CA Car Wash Valuations, Appraisals
San Bernardino CA Date of Death Valuation, Property Tax Appraisal
San Bernardino CA Fast Food Franchise Business Valuations, Appraisals
San Bernardino CA Hotel – Motel Business Valuations, Appraisals
San Bernardino CA Median Home Price and Appraisal Value
San Bernardino CA Property Tax Assessment Appeals
San Bernardino CA Real Estate Appraisal Review
San Bernardino CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
San Bernardino CA Restricted Use Appraisal Report, Review For Single User
San Bernardino California Eminent Domain Just Compensation Appraisal
San Bernardino Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
San Bernardino, CA
Phone: 562.694.4920

Contact Person:
San Bernardino Real Estate Property Appraiser

San Bernardino Restricted Use Appraisal Report or Review For Single User

Rancho Cucamonga Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Rancho Cucamonga, San Bernardino County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Rancho Cucamonga, San Bernardino County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Rancho Cucamonga, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Rancho Cucamonga CA Commercial Real Estate & Home Property Appraiser

Rancho Cucamonga CA Car Wash Valuations, Appraisals
Rancho Cucamonga CA Date of Death Valuation, Property Tax Appraisal
Rancho Cucamonga CA Fast Food Franchise Business Valuations, Appraisals
Rancho Cucamonga CA Hotel – Motel Business Valuations, Appraisals
Rancho Cucamonga CA Median Home Price and Appraisal Value
Rancho Cucamonga CA Property Tax Assessment Appeals
Rancho Cucamonga CA Real Estate Appraisal Review
Rancho Cucamonga CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Rancho Cucamonga CA Restricted Use Appraisal Report, Review For Single User
Rancho Cucamonga California Eminent Domain Just Compensation Appraisal
Rancho Cucamonga Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Rancho Cucamonga, CA
Phone: 562.694.4920

Contact Person:
Rancho Cucamonga Real Estate Property Appraiser

Rancho Cucamonga Restricted Use Appraisal Report or Review For Single User

Fontana Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Fontana, San Bernardino County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Fontana Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Fontana, San Bernardino County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Fontana CA Commercial Real Estate & Home Property Appraiser

Fontana CA Car Wash Valuations, Appraisals
Fontana CA Date of Death Valuation, Property Tax Appraisal
Fontana CA Fast Food Franchise Business Valuations, Appraisals
Fontana CA Hotel – Motel Business Valuations, Appraisals
Fontana CA Median Home Price and Appraisal Value
Fontana CA Property Tax Assessment Appeals
Fontana CA Real Estate Appraisal Review
Fontana CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Fontana CA Restricted Use Appraisal Report, Review For Single User
Fontana California Eminent Domain Just Compensation Appraisal
Fontana Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Fontana, CA
Phone: 562.694.4920

Contact Person:
Fontana Real Estate Property Appraiser

Fontana Restricted Use Appraisal Report or Review For Single User

Ontario Restricted Use Appraisal Report or Review For Single User

Dave Collins Property Appraiser Logo

Collins and Associates, based near Ontario, San Bernardino County, California, can provide you with an appraisal report in a format that best suits your needs. We follow USPAP guidelines for all our reports. Because of our over 40 years of experience, we can help you determine which option is best for you. Residential and commercial property have different uses and requirements. You many need a full narrative report for full disclosure in commercial transactions, or you may need a restricted appraisal report for your personal use in making business and legal decisions.

562.694.4920 – Call for more information and FREE CONSULTATION

Uniform Standards of Professional Appraisal Practice (USPAP)

Uniform Standards of Professional Appraisal Practice (USPAP) is the appraisal report standard for real property, personal property, intangibles and business valuations in the United States. USPAP was first developed in the 1980s by a joint committee representing the major US and Canadian appraisal organizations. While USPAP answers a specific regulatory need in the US, other professional organizations throughout North America, South America, Europe, and Asia have adopted these standards. Since 2006, USPAP has been updated in a 2 year cycle, which begins on January 1 of even number years. While USPAP provides a minimum set of quality control standards for property appraisals in the US, it does not prescribe the specific methods to be used. USPAP simply requires that appraisers be familiar with and correctly utilize those methods which would be acceptable to other appraisers familiar with the assignment at hand and acceptable to the intended users of the appraisal. USPAP directs this through what is called the Scope of Work rule. At the onset of an assignment, an appraiser is obligated to gather certain specified preliminary data about the project, such as the nature of the property to be appraised, the basis of value (e.g. market, investment, impaired, unimpaired), the interests appraised (e.g. fee, partial), important assumptions, and the effective date of the valuation. Based on this and other key information, the appraiser relies on peer-reviewed methodology to formulate an acceptable workplan.

Appraisal Report Types

Uniform Residential Appraisal Report (URAR)

A Uniform Residential Appraisal Report (URAR) is one of the most common forms used in real estate appraisal which was created to allow for standard reporting and analysis of single-family dwellings. It is also suitable for a building in a planned unit development (PUD). It is not meant to be used for appraisals of manufactured homes or condos.

Uniform Residential Appraisal Report (URAR) Requirements

– Interior and exterior inspection of subject property.
– Street map that shows location of subject property and all comparable properties used.
– Exterior building sketch of improvements that indicates dimensions.
– Clear, descriptive photographs of subject property and comparable sales used.
– Subject: Basic information such as client’s name, address, legal description, owner’s and/or borrower’s names.
– Contract: Information on contract for appraisals in which a change of ownership is to occur.
– Site: Data on size, shape, zoning, access to utilities, and FEMA flood-zone information.
– Improvements: Physical characteristics of property, such as age, materials, and condition.
– Sales comparison approach: Grid analysis.

Single User Restricted Use Appraisal Report

A Single User Appraisal Report, Restricted Appraisal Report, or Restricted Use Appraisal Report contains minimal detail and is intended to be relied upon by the client only, not any other party. It may not be fully understood without secondary documentation, which is only available to the client. Although its use is uncommon, it does serve two very specific purposes – increased privacy and reduced costs. Several situations in which this type of appraisal report is useful is related to legal action, tax issues, or private business decisions. The Restricted Appraisal Report has one primary goal – to determine the value of the property. It is not intended for public use. It is specifically designed to let the client know the valuation of the property – and that is it. The side benefit from this type of report is that it requires less time to produce, therefore it is a less expensive alternative to a full report.

The minimum reporting requirements of the Restricted Appraisal Report are:

– Identity of client and any intended users, by name or type.
– Statement of use restriction that limits use of report only to client.
– Statement of intended use of appraisal.
– Identify of subject property.
– Identify property interest being appraised.
– Statement of type and definition of value.
– Effective date of appraisal and report.
– Identify scope of work used to develop the appraisal.
– Statement of methods, techniques used, and conclusions.
– Reference the workfile.
– Signed certification in accordance with Standards Rule 2-3.

Summary Appraisal Report Definition

A Summary Appraisal Report summarizes is the most common appraisal report within the industry. It satisfies the needs of lenders and large institutions, without getting into the high level of detail in other types of appraisal reports. Summary Appraisal Reports can have one, two, or three approaches to value, depending on the situation of the property and use of the appraisal. In contrast with a Restricted Use Report, a Summary Report provides more information. In comparison to a Self-Contained Report, a Summary Report provides less information.

A Summary Appraisal Report contains the following:

– Identity of client and any intended users, by name or type.
– Intended use of appraisal.
– Summarize information sufficient to identify property involved in the appraisal, including relevant physical and economic characteristics.
– Property appraised.
– Purpose of appraisal, including type and definition of value.
– Effective date of appraisal and date of report.
– Summarize sufficient information to disclose to client and any intended users of scope of work used.
– State all assumptions, hypothetical conditions, and limiting conditions that affected the analyses, opinions, and conclusions.
– Summarize information analyzed, procedures followed and reasoning that supports the analyses, opinions, and conclusions.
– Use of property as of date of value, and rationale for best use of property.
– Explain any departures from specific requirements of STANDARD 1 or 7, and reason for excluding any of the usual appraisal approaches.
– Signed certification in accordance with Standards Rule 2-3 or 8-3.

Narrative Appraisal Report

All real estate appraisals in the United States are reported as either a Narrative or Form format. This is true for both residential and commercial property. A Narrative appraisal report is descriptive in nature. It could be compared to a white paper, research paper, essay, or similar document. The Narrative style includes visual aids, such as pictures, maps, tables, grids, etc. This report style is often 60-120 pages for a commercial property. Due to the nature of developing this report type, it typically takes longer to develop, and as a result, is the more costly, but much more thorough, option. The Narrative style is most commonly used for commercial appraisals. Almost without exception, lenders will only accept an appraisal of a commercial property via a Narrative format.

Technical Appraisal Report or Review

The methodology for performing a technical review of an existing appraisal falls into two different types: desk review and field review. The mechanics of the technical review will vary depending upon the scope of the assignment, the client, policy requirements, or the nature of the property appraised. Although not all reviewers organize their reports in the same manner, most review reports contain certain common features. The required common features are specified in Standard 3 of the Uniform Standards of Professional Appraisal Practice (USPAP). A technical review appraiser is an appraiser who examines the reports of other appraisers to determine whether their conclusions are consistent with the data reported and with other generally known information.

Ontario Date of Death Valuation, Property Tax Appraisal, Expert Witness Testimony

The date of the death valuation is the fair market value of the assets valued on the decedent’s actual date of death, including:
– Bank, investment and retirement accounts
– Personal effects, business interests and real estate

Collins and Associates provides dependable and accurate property tax appraisals in Ontario, San Bernardino County, Southern California and beyond. Principal David R. Collins is a licensed Certified General Appraiser (G.A.A., S.C.R.E.A.) with over 40 years of experience. We are an appraiser of commercial, industrial, land, income residential, and residential properties, providing the type of reliable values that banks and major lending institutions require for loans.

Collins and Associates provides experienced real estate expert witness testimony and property appraisals for family court and divorce for commercial and residential real estate.

If you want a private appraisal report that only you have access to, a Restricted Use Appraisal Report might be the best option for you.

Headquartered near Ontario, California, we provide a broad scope of real estate appraisal services throughout Southern California, including:

Ontario CA Commercial Real Estate & Home Property Appraiser

Ontario CA Car Wash Valuations, Appraisals
Ontario CA Date of Death Valuation, Property Tax Appraisal
Ontario CA Fast Food Franchise Business Valuations, Appraisals
Ontario CA Hotel – Motel Business Valuations, Appraisals
Ontario CA Median Home Price and Appraisal Value
Ontario CA Property Tax Assessment Appeals
Ontario CA Real Estate Appraisal Review
Ontario CA Real Estate Expert Witness Testimony, Property Appraiser for Divorce
Ontario CA Restricted Use Appraisal Report, Review For Single User
Ontario California Eminent Domain Just Compensation Appraisal
Ontario Hospital & Medical Office Building Appraisal for Healthcare Property

Collins and Associates LogoCollins and Associates
Ontario, CA
Phone: 562.694.4920

Contact Person:
Ontario Real Estate Property Appraiser

Ontario Restricted Use Appraisal Report or Review For Single User