• A cover document explaining in detail what type of value is being sought ("purpose") and how the appraisal is to be used ("function" or "assigned use").
• The methodology and resources relied upon, including market analysis and market(s) selected.
• A complete accurate description of property written in such a manner that it can be identified without photographs.
• The date(s) and location of inspection, and the effective date of value.
• A statement by the appraiser that he or she has no financial interest in the property of that such interest is disclosed in the report.
• The appraiser's qualifications and signature.

Do not accept an appraisal if...

• It is handwritten or unsigned.
• The fee is based on a contingency or upon the value of the property.
• The appropriate "purpose" and "assigned use" are not stated.
• The item is beyond the appraiser's expertise.
• the appraiser is not willing and able to defend it in court (subject to the appraiser's availability, and separate fee arrangement).

Some essentials for every appraisal...

• Name and address of client requesting appraisal.
• Name of owner of property if different from above.
• "Effective" date of appraisal.
• Type of appraisal (i.e. fair market, retail replacement, diminished value, etc.).
• Definition of the appraisal terminology.
• Intended use or purpose of the appraisal.
• Description of items including all pertinent information necessary to distinguish appraised item from other like items.
• Condition of item (e.g. "as is", etc.) if applicable.
• Value of the items based on specified marketplace.
• Methodology used in determining value.
• Signature of person or persons who made the valuations.
• Statement of compliance to USPAP codes.
• A statement of any limiting conditions or assumptions, if applicable.