Report Options Offered by Ferguson Appraisals, LLC
Option 1 – Restricted Appraisal Report
In compliance with the Uniform Standards of Professional Appraisal Practice (USPAP), a
Restricted Appraisal Report requires the appraiser to maintain a comprehensive work file
supporting the valuation conclusions. While the underlying analysis is thorough, the report itself
includes only limited detail. As such, without access to the appraiser’s work file, fully
understanding the rationale behind the opinions and conclusions presented may be difficult.
This report type is intended solely for use by the client and any other specifically identified
intended users named within the report. At Ferguson Appraisals, Restricted Appraisal Reports
generally do not include adjustment grids or detailed support for adjustments. However,
thorough research is put into these reports and our restricted appraisals are more
comprehensive than most.
The primary function of a Restricted Appraisal Report is to provide a well-supported opinion of
market value and is often ordered by brokers, investors, and property owners. It is not suitable
for use in federal financing transactions. Although the level of detail within the report is limited,
it is developed using the same rigorous research and analytical process as a full narrative
appraisal, ensuring a similarly accurate valuation. Due to reduced reporting and explanation
requirements, this format is often more cost-effective than a full narrative appraisal.
Restricted Appraisal Reports typically range from 40 to 80 pages and incorporate all relevant
and applicable valuation approaches.
Ferguson Appraisals, LLC | Dustin Ferguson, MAI, CLHA
SD Phone: 605-340-0252 | CO Phone: 720-984-1518 | www.DustinFerguson.com
Option 2 – Appraisal Report
In accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), a
Narrative Appraisal Report must, at a minimum, summarize sufficient information to clearly
identify the subject property, including its physical, legal, and economic characteristics relevant
to the assignment. Depending on the complexity and requirements of the assignment, the
appraiser may develop the report in a self-contained format, which includes all data and
rationale used in forming the appraisal conclusions.
At Ferguson Appraisals, the content and level of detail in our Narrative Appraisal Reports are
carefully tailored to align with the intended use, scope of work, property type, and the depth of
analysis required. These reports offer extensive valuation support, including detailed adjustment
grids, comprehensive explanations, and analytical commentary, all presented directly within the
body of the report.
Narrative Appraisal Reports are most commonly requested for lending purposes, estate
settlements, tax basis establishment for IRS reporting, and a wide range of legal proceedings.
They are also preferred by clients seeking a high level of detail and transparency in the valuation
process.
These reports typically range from 80 to 200 pages and incorporate all applicable and necessary
approaches to value. Ferguson Appraisals is committed to delivering highly credible and
accurate valuations supported by thorough research and analysis.
Ferguson Appraisals, LLC | Dustin Ferguson, MAI, CLHA
SD Phone: 605-340-0252 | CO Phone: 720-984-1518 | www.DustinFerguson.com