The Complete Online Course in Personal Property Appraising

Final Assignment: Sample Appraisal

Your final assignment is the submission for review of a sample self-contained appraisal report.

1. Appraise one item of your choice having a fair market value in excess of $5000 and that you hypothetically personally inspected. Do not appraise this item using digital images or photographs.

2. Prepare a self-contained appraisal report for the intended use of non-cash charitable contribution making use of MS Word.

3. Include images of the subject property.

4. Be sure to include the comparables on which you based your opinion of value.

5. If you wish (and I suggest you do) make use of sample appaisal report in Apendix L of the course book and of sample wording found in other places throughout the text book (particularly in Chapter 11). For students of this course, use of the text book material is not a copyright infringement.

6. Be sure that your appraisal complies with the Chapter 11 section entitled "Required Content for Self-Contained Appraisals."

7. Ensure all pages are paginated in the "Page X or Y" format.

8. Ensure all pages (except page 1 which should be your company letterhead) have a header containing name of client, date and pagination. You will need to learn how to make use of headers and footers if you do not already know how.

9. Regarding citations and declarations, review this new information: http://www.appraisalcourseassociates.com/archive/newsletter/update12/citesdeclarations.htm

10. If the item you appraise exceeds $20,000 in value, review this: http://www.appraisalcourseassociates.com/archive/newsletter/update12/20000.htm

11. Send initial draft in MS Word format as a .doc file to info@appraisalcourseassociates.com for initial review and comments.

12. Once all final edits are made, mail final version to:

Appraisal Course Associates

1612 Shookstown Rd.

Frederick, MD 21702