Start Date
6-12-2019 9:30 AM
End Date
6-12-2019 10:30 AM
Description
Litigation appraising is both art and science. Bulletproofing the assessment litigation appraisal report is at the heart of a successful assignment. Persuading the Board, Tribunal, Judge, or Jury of the reasonableness of the valuation conclusion requires a clear, concise, and easy to read professional appraisal report. The development of a bulletproof report begins when the appraiser and the client first discuss the potential assignment. It’s important at the outset for the appraisers to be aware of local statutes, assessment guidelines, court decisions, available property information, etc. in order to outline the likely content and scope of work that will result in a well-conceived appraisal report. This presentation will cover all aspects of the appraisal report from cover to cover, including the format, the use of boilerplate, charts, graphs, and photographs. How to document the appraisal and the appropriate contents of the appraiser’s workfile will also be covered. The proper presentation of the appraiser’s qualifications is rarely addressed as boilerplate is typically used. But, drafting them to reflect the specific competence needed can be persuasive and avoid unnecessary cross-examination questions. Numerous examples of outlines, checklists, action steps, to dos, standard assumptions and limiting conditions, etc. will be provided as useful takeaways. Finally, best practices and typical mistakes to avoid will be discussed as a guide to combine the art and science of bulletproofing the assessment litigation appraisal report into a persuasive, professional document.
Recommended Citation
Korpacz, Peter, "Bulletproofing the assessment litigation appraisal report" (2019). IAAO Annual Legal Seminar. 9.
https://researchexchange.iaao.org/legal/legal19/sessions/9
Bulletproofing the assessment litigation appraisal report
Litigation appraising is both art and science. Bulletproofing the assessment litigation appraisal report is at the heart of a successful assignment. Persuading the Board, Tribunal, Judge, or Jury of the reasonableness of the valuation conclusion requires a clear, concise, and easy to read professional appraisal report. The development of a bulletproof report begins when the appraiser and the client first discuss the potential assignment. It’s important at the outset for the appraisers to be aware of local statutes, assessment guidelines, court decisions, available property information, etc. in order to outline the likely content and scope of work that will result in a well-conceived appraisal report. This presentation will cover all aspects of the appraisal report from cover to cover, including the format, the use of boilerplate, charts, graphs, and photographs. How to document the appraisal and the appropriate contents of the appraiser’s workfile will also be covered. The proper presentation of the appraiser’s qualifications is rarely addressed as boilerplate is typically used. But, drafting them to reflect the specific competence needed can be persuasive and avoid unnecessary cross-examination questions. Numerous examples of outlines, checklists, action steps, to dos, standard assumptions and limiting conditions, etc. will be provided as useful takeaways. Finally, best practices and typical mistakes to avoid will be discussed as a guide to combine the art and science of bulletproofing the assessment litigation appraisal report into a persuasive, professional document.