Judy Whitehead (Florida)
Senior Member
- Joined
- Jan 20, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Florida
OK - perhaps I am the one with a mental block today. Using the recommended vacant land form, and to appraise vacant lots, is the appraisal a "limited" appraisal report, or a "summary" appraisal report?
The USPAP guidelines state that two approaches to value must be used to comply with the summary report guidelines. Of course a cost approach and a rental income approach are not considered in a vacant land appraisal.
What do you all identify your vacant site appraisals as?
The USPAP guidelines state that two approaches to value must be used to comply with the summary report guidelines. Of course a cost approach and a rental income approach are not considered in a vacant land appraisal.
What do you all identify your vacant site appraisals as?