APPRAISAL REVIEW AND MANAGEMENT SERVICES
Third-Party Consulting and Litigation Support
Our Clients Use Appraisal Review and Management Services For:
AD VALOREM PERSONAL PROPERTY TAXES
RISK MANAGEMENT MONITORING
Objective Appraisal Reviews
You’ve just received an appraisal report for machinery and equipment assets, but, is it worth the paper it’s written on? Does it comply with appraisal standards and the client’s needs? Or did it completely miss the mark?
Review services provide you with an objective assessment of appraisal reports. They can assist you if you’re uncertain whether the appraisal report met your needs to make an informed decision or for asset transactions. They are used for opposing litigation and in cases of loss for insurance.
Appraisal Reviews have a broad range of client-specific requirements, but all Reviews include an evaluation of the work under review for the following components:
Reviews are objective because they measure the report against regulations, appraisal industry standards, or other rules. Compliancy to rules and standards determines credibility. Credible valuations require support by relevant evidence and logic, as necessary for the intended use.
An appraisal reviewer determines whether the analysis, opinions, and conclusions of the work under review are credible, and whether the report as a whole is appropriate and not misleading, given applicable law, rules, and intended user requirements.
Experienced Review Appraiser
At For What It’s Worth Appraisals, Inc. our ASA-designated review appraiser evaluates the “work under review” appraisal report to assess the appraisal’s scope of work, the competency as demonstrated by the report, and issues with potential bias. Our appraisal reviews check to see if there is sufficient evidence and logic to support the conclusions, if the appraisal methods are reasonable and replicatable, and if the report met the client’s needs. We use the IRAC / CRAC model of deductive reasoning to maintain our objectivity for our analyses and conclusions.
Among other uses, For What It’s Worth Appraisals provides appraisal review services for litigation, insurance and compliance. We specialize in machinery and equipment commercial business assets. Call us today to see if the appraisals that you’re receiving are hitting the mark.
Listen To What Our Clients Are Saying About Our Appraisal Reviews…
Tammy’s work is exemplary. She demonstrates a full command of both appraisal principles and the administrative process utilized by the Value Adjustment Board. I highly recommend Tammy’s services.