A real estate
appraisal report, that is the most
comprehensive of three appraisal methods.
The other two are form report and letter of
opinion. The narrative report provides full
details of all eight steps in the appraisal
report and is, in itself, the final step of
appraisal reporting process.
Narrative reports
tend to be lengthy, fully documented, and
time consuming to prepare, the appraisal may
be 50 to 100 pages and provide full
description of the appraisal process so that
the reader can follow the logic leading to a
final estimate of value.
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