Which section of the appraisal contains facts that affect the appraisal?

The section of the appraisal that contains facts impacting the appraisal is the factual data section. This part provides critical information regarding the property being appraised and encompasses various elements such as location, size, condition, and comparable sales or market data. This factual data is essential because it forms the foundation upon which appraisers base their analysis and ultimately arrive at value conclusions. By relying on precise and relevant factual data, appraisers ensure that their assessments are grounded in objective criteria rather than assumptions or subjective opinions. This accuracy is crucial as it directly influences the credibility and validity of the entire appraisal report.

Other sections, while relevant to the appraisal process, do not specifically focus on the raw facts that directly affect the value assessment. The analysis and opinions section interprets the factual data, the certificate of appraisal denotes the appraisal’s legitimacy, and the value conclusions present the final determined value based on all gathered data and analyses.