Real Estate Appraisal Our appraisal will present an objective estimate or opinion of value of the described property, as supported in our report by a relevant data analysis. Our reports contain information pertinent to an independent property valuation, including the purpose of the appraisal, property identification, property conditions, data analysis, the value estimate and the effective date of the appraisal. All reports are signed and may contain supporting material such as maps, charts, or photographs. Our reports will employ one or more of the three main appraisal methodologies used to arrive at an indication of value: The cost approach estimates the cost of building a new property identical to the subject being appraised, based on current prices, and subtracting accumulated depreciation and adding the estimated land value. The income approach may be used for income-producing properties.  The value is based on the present value of the income stream that the property will likely produce when developed to its fullest use. The net operating income from the property is capitalized into value by the appropriate method and rate. The direct comparison approach is based upon the theory that an informed purchaser would pay the same as acquiring another existing comparable property. The value estimate is based on the selling price of comparable properties.

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