The process after appraisal will vary depending on the type of appraisal that was conducted. If it was a property appraisal, then the next step may be to have the property listed for sale. If it was a business appraisal, then the next step may be to negotiate with potential buyers or partners.
The appraiser will usually order a full title report to verify that the seller is the legal owner of the property and that there are no liens or other encumbrances on it. The appraiser will also order a physical inspection of the property to ascertain its condition and to identify any repairs or replacements that may be needed. If significant damage is found, the appraiser may reduce the value of the property accordingly. Once all of this information is compiled, the appraiser will prepare a Final Appraisal Report which will state the estimated market value of the property as of the date of appraisal.
