Before You Order

What's Included in Your Appraisal Report

A section-by-section look at what a completed appraisal report actually contains, so you know exactly what you're paying for before you order.

For informational purposes only. The content on this page does not constitute legal, tax, or financial advice. Every estate situation is unique. For guidance specific to your circumstances, please consult a qualified estate attorney and/or CPA.
Know What You’re Ordering

What Does a Completed Appraisal Report Actually Look Like?

If you’ve never ordered an appraisal before, it can feel like you’re paying for something you can’t quite picture. This page walks through exactly what arrives in your inbox when a Great Estates appraisal is complete, section by section.

The report is delivered as a single electronic PDF, typically running 25–40 pages depending on the property and assignment type, and organized in a standard, professional sequence.

Report Contents

What’s Inside, Section by Section

Full Interior/Exterior Appraisal & BPO

01 Subject property identification: address, legal description, and the effective date of value
02 Appraiser’s certification: a signed statement confirming the analysis was performed independently and in accordance with USPAP (full appraisals only)
03 Definition of value and scope of work: the fair market value standard used, and exactly what was and wasn’t included in the assignment
04 Neighborhood and market analysis: conditions in the immediate area as of the effective date
05 Site and improvements description: lot size, square footage, room count, condition, and any notable features or upgrades
06 Sales comparison analysis: the comparable properties selected, with adjustments explained and supported
07 Reconciliation and final opinion of value: how the comparable analysis leads to the final number
08 Photographs: subject property (interior and exterior for full-scope assignments), street scene, and comparable properties
09 Limiting conditions and assumptions: including any extraordinary assumptions specific to the assignment
10 Appraiser qualifications: license information and credentials

Broker Price Opinions follow a similar structure but omit the formal USPAP certification, since a BPO is not prepared in the role of a certified appraiser. See how a BPO compares to a full appraisal →

Why Each Piece Matters

The Certification and Limiting Conditions Aren’t Boilerplate

It’s tempting to skip past the certification and limiting conditions pages as legal filler, but for estate purposes they are often exactly what a probate court or the IRS is checking for. The signed certification is what distinguishes a USPAP appraisal from an informal opinion of value; it’s the appraiser putting their license behind the number.

The limiting conditions and any extraordinary assumptions disclose exactly what the appraiser did and didn’t verify, for example, the standard assumption that a property’s condition at the date of death matched its condition at the time of inspection. This transparency is part of what makes the report defensible if it’s ever questioned.

Scope Differences

How Report Contents Vary by Assignment Type

Full Interior/Exterior

Complete report with interior and exterior photographs, full USPAP certification, and all standard limiting conditions and assumptions.

Exterior-Only

Same full USPAP structure, with exterior-only photographs and an added extraordinary assumption regarding unobserved interior condition.

Broker Price Opinion

Similar analysis and photographs, but without the formal USPAP certification, since a BPO is a market analysis, not a certified appraisal.

Using the Report

What You Can Do With It Once You Have It

A completed full appraisal report can be submitted directly to the probate court as part of the estate inventory, provided to the estate’s CPA to support stepped-up basis documentation, or included with a federal estate tax filing if one is required. It’s a self-contained document; nothing further needs to be requested or assembled once it’s in hand.

Ready to Order Your Report?

Now that you know what to expect, ordering takes about two minutes. Choose the scope that fits your situation, or contact Russell if you’re not sure which one applies.

Colorado Certified Residential Appraiser
Certified Probate Expert (CPE)
Colorado Licensed Real Estate Broker
25 Years of Experience
Member, Colorado Association of Real Estate Appraisers