1. 15 Reconciliation and the Appraisal Report
In reconciliation process appraiser considers:
1. Definition of value sought
2. Amount and reliability of data collected
in each approach
3. Inherent strengths and weaknesses
of each approach
4. Relevance of each approach to subject property and
market behavior

2. Reconciliation is . . .
Not a correction of errors in thinking and technique
Not merely an averaging of values
Not a narrowing of the range of value

3. Types of Appraisal Reports
Appraisal report—sufficient information to lead the client to the appraiser’s conclusion of value
Restricted report—made for specific client and stated limited purpose; contains virtually none of the information the appraiser used to arrive at the conclusion of value

4. Styles of Written Appraisal Reports
Form report
URAR--Fannie Mae Form 1004/Freddie Mac Form 70
Form 2075 for Desktop Underwriter®
Narrative report
Introduction
Suppositions of the appraisal
Presentation of data
Data Analyses and Conclusions
Supporting material