2. Welcome to another episode of
Hot Tips for the Personal Property Appraiser
brought to you by
nationally-known appraiser, and appraisal course author and instructor, Dave Maloney.
Be sure to visit Dave on the web at
DavidMaloney.com
and
AppraisalCourseAssociates.com.
© 2010 David J. Maloney, Jr., AOA CM | DavidMaloney.com | AppraisalCourseAssociates.com

3. The Appraisal Process Appraisal Process A seven-step process
Appraisal development phase
Appraisal reporting phase
Step 1: Identify the appraisal problem
Identify client and other intended users
Identify intended use of the appraisal
Identify type and definition of value to be used
Identify effective date of the appraisal
Identify property and its relevant property characteristics
Identify assignment conditions
Extraordinary assumptions, hypothetical conditions, limiting conditions, jurisdictional exceptions
Step 2: Determine scope of work
Step 3: Select appropriate market, collect and analyze market data
Step 4: Apply approach(es) to value
Step 5: If determining a type of market value, analyze listings or prior sales
Step 6: Reconcile value indicators, arrive at final value conclusion
Step 7: Report assignment results (based on Steps 1 – 6)
© 2010 David J. Maloney, Jr., AOA CM | DavidMaloney.com | AppraisalCourseAssociates.com

4. Hot Tips for the Personal Property Appraiser
This episode of
Hot Tips for the Personal Property Appraiser
makes use of the 3rd edition of
Dave Maloney’s 550-page “how-to” book for
the appraiser entitled
Appraising Personal Property:
Principles and Methodology
available at
DavidMaloney.com
© 2010 David J. Maloney, Jr., AOA CM | DavidMaloney.com | AppraisalCourseAssociates.com