7. EDSR 11-13-2007 - Laserfiche WebLink

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SCOPE OF THE APPRAISAL REPORT USPAP 2006 defines Scope of Work as: The type and extent of research and analyses in an assignment. For each appraisal, appraisal review and appraisal consulting assignment, an appraiser must: 1) Identify the problem to be solved 2) Determine & pen`orm the scope of work necessary to develop credible assignment results 3) Disclose the scope of work in the report 1) Provide an opinion of market value, as it relates to the intended use. Per assignment request, the following degree of research and analysis has been made; The format used is a Summary Report, which is intended to comply with the reporting 2) requirements set forth under Standards Rule 2-2(b) of USPAP. As it relates to the nature of the assignment, a highest and best use analysis of the subject will be performed. All three approaches will be considered-see individual approaches for further detail. The scope of work for this appraisal includes: • a) The extent to which the property is identified: Public record, plat maps, zoning maps and/or aerial photographs were used to identify the subject property. • b) The extent to which tangible property is inspected: An inspection of the subject property, proposed plans/specifications (if any) and neighborhood by the appraiser. Physical factors: Based on property inspection and conversations with the client, city and county officials. Lot size is based on county data. Economic Factors: Consisted of gathering of information from market experts, city and/or county offices, and internet about the region, community, neighborhood, zoning, utilities, and any pending projects in the area that may affect the subject property. 3) c) The type and extent of data researched: Data of competing properties within the subject market area were given primary consideration. The most relevant data is used in this report. Sources include, appraiser data files, assessor, internet, developers, agents, MLS, periodicals, in-ofFce library, past courses and seminars etc. The appraiser has not researched the title or ownership records. • d) Type and extent of analysis applied at opinions or conclusions: An extensive review of market data was performed. The most recent, similar and proximate data has been used. The data used will be adjusted on a grid. Appropriate collection, verification, analysis and viewing has been performed in the valuation approaches, given the purpose and intended use of the report. A final value opinion will be discussed and correlated. The appraiser accepts full professional responsibility for all of the analyses and conclusions contained within this report. The data used was obtained from sources considered credible, yet its accuracy is not guaranteed. Nagell Appraisal 8 Consulting ~ 952-544-8966 (www.callnagell.com