gradient
     
gradient
   

Specializing in Appraising  Unusual Properties Since 1965                                                                                                      Contact Us

 
 
 

 

 

 

General Information

Home

About the Gorman Group

Services Offered

Unique Appraisals

Client List

The Staff

Contact Us

 

 

 

 

  Narrative Appraisals

Hotel Condominum appraised in Florida

The substance of an appraisal report is dictated by the “scope of work” agreed upon between the appraiser and client. 

Our experience is that the great majority of clients prefer a narrative report.  A narrative report is typically a multi-paged document providing an overview of the property being appraised and then, depending on the property type, a cost analysis, an income analysis or in income analysis. Most frequently, all three types of analyses are not utilized; only those that the market considers pertinent are considered. 

The alternative to a full narrative report is referred to as a restricted report.  The Federal Government made up that name and requires that it be used. A restricted report is effectively not much more than a report in letter form that states the value and that supporting documentation is retained in our files.

 

   
     

NOTE : If you are thinking of ordering an appraisal for financing purposes, please consult with your lender first.  Federal law dictates that banks must order the appraisal - not the borrower.

   
     
Copyright 2018 - The Gorman Group, Ltd