A COMPETENT APPRAISAL REPORT HAS:

• 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 and accurate description of the property written in such a
   manner that it can be identified without photos.

• 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, or 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).