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Commercial & Residential REAL ESTATE VALUATIONS
Call 248-790-1942
Executive Appraisal Service, LLC, has been appraising commercial and residential real estate in Detroit and Southeastern Michigan since 1990. We have expertise in a variety of property types such as apartments, industrial buildings, warehouses, office buildings, medical buildings and condominium suites, hotel/motels, restaurants, religious facilities, agricultural, land appraisals, and specialty properties such as car washes and service repair facilities.
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248-790-1942
Restricted Appraisal Report or Appraisal Report? What's the difference?
An Appraisal Report must summarize the appraiser’s analysis and the rationale for the conclusions. A Restricted Appraisal Report may not include sufficient information for others than the client (no other intended users) to understand either the appraiser's analyses or rationale for the appraiser's conclusions.
A Restricted Appraisal Report allows for more favorable pricing and is typically desired when information is needed for client use only (no other intended users).
USPAP previously had three written report options for real property and personal property appraisals:
1. Self-Contained Appraisal Report,
2. Summary Appraisal Report, and
3. Restricted Use Appraisal Report.
USPAP now has two written report options,
1. Appraisal Report and
2. Resticted Appraisal Report, for real property and personal property appraisal assignments.
The "restricted use" report option name was changed to Restricted Appraisal Report.
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