Copyright 1999-2024, Appraisal Development International, Inc
This report is also previously referred to as a "Summary Report" - all details are summarized, includes maps, demographic information and supporting documents - this is the least a bank would order for financing.
The reports meet or exceed minimal requirements of USPAP (Uniform Standards of Professional Appraisal Practice) – and all State and Federal regulations.
A Restricted Appraisal is used for establishing a value for internal accounting, estate planning, IRS filings, partnerships, establishing a price for sale, or due diligence prior to making an offer on purchase. It is limited in that it does not detail demographics, maps, or break down of how the value was reached (we do include the sales summary identifying the comps used). These details are maintained in our working file.