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Assumptions and Limiting Conditions -continued <br />6. The appraiser assumes that there are no hidden or unapparent conditions of the <br />property, subsoil, or structures, which would render it more or less valuable. The appraiser <br />assumes no responsibility for such conditions, or for engineering, which might be required to <br />discover such factors. <br />7. Unless otherwise stated in this report, the existence of hazardous material, which may <br />or may not be present on the property, was not observed by the appraiser. The appraiser <br />has no knowledge of the existence of such materials on or in the property. The appraiser, <br />however, is not qualified to detect such substances. The presence of substances such as <br />asbestos, urea-formaldehyde foam insulation, radon gas, or other potentially hazardous <br />materials may affect the value of the property. The value estimate is predicated on the <br />assumption that there is no such material on or in the property that would cause a loss in <br />value. No responsibility is assumed for any such conditions, or for any expertise or <br />engineering knowledge required to discover them. The client is urged to retain an expert in <br />this field, if desired. <br />8. Information, estimates, and opinions furnished to the appraiser, and contained in the <br />report, were obtained from sources considered reliable and believed to be true and correct. <br />However, no responsibility for accuracy of such items furnished to the appraiser can be <br />assumed by the appraiser. <br />9. Disclosure of the contents of the appraisal report is governed by the Bylaws and <br />Regulations of the professional appraisal organizations with which the appraiser is affiliated. <br />No part of the contents of this report, or copy thereof (including conclusions as to the property <br />value, the identity of the appraiser, professional designations, reference to any professional <br />appraisal organizations, or the firm with which the appraiser is connected), shall be <br />disseminated to the public through advertising, public relations, news, sales, or any other <br />public means of communications without the prior written consent and approval of the <br />appraiser. <br />10. The appraiser has no present or contemplated future interest in the property <br />appraised; and neither the employment to make the appraisal, nor the compensation for it, is <br />contingent upon the appraised value of the property. The appraiser has no personal interest <br />or bias with respect to the parties involved. <br />11. The appraiser has personally inspected the subject site. To the best of the appraiser's <br />knowledge and belief, all statements and information in this report are true and correct, and <br />the appraiser has not knowingly withheld any significant information. <br />12. The reported analyses, opinions, and conclusions are limited only by the reported <br />assumptions and limiting conditions, and are my personal, unbiased professional analyses, <br />opinions, and conclusions. My analyses, opinions, and conclusions were developed, and this <br />report has been prepared, in conformity with the Uniform Standards of Professional Appraisal <br />Practice. <br />32 Nagell Appraisal & Consulting ~ 952-544-8966 ~ www.callnagell.com <br />