FAQs
The appraiser needs to know these items:
- Complete address of the property with zip code.
- Contact information of owner.
- Property valuation. (Tax, parcel or map number is helpful.)
- Intended use of the appraisal. (Financing, estate management, possible marketing information etc.)
- Intended use of the report.
- Name of the client.
- Size of land in acres.
- List of improvements. (Size and age of house, barn, fencing ,etc.)
- Deed or at least the deed reference.
- Is there a purchase contract on the property?
Know that:
- Payment is not based upon loan approval.
- Although licensed real property appraisers have minimum standards, called The Uniform Standards of Professional Appraisal Practice, appraisals can vary widely in detail and quality. Be sure to explain if you have any special requirements that you need to see in the report.
Common Questions
What is the best use for the land?
What will zoning allow?
What are the industry and land trends?
What are possible scenarios for the future?
What should my family think about?
What should my family sit down and discuss?
What is the best way to go about this from the perspective of a land appraiser?