Remove 2024 Remove Appraisal Reports Remove Market Value
article thumbnail

Determining Fair Market Value Part I

International Society of Appraisers

5/13/2025 12:00:00 AM Determining fair market value (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV.

article thumbnail

Office Hours Information from March 2025

International Society of Appraisers

Yes, the 2024 edition is the most current version of USPAP. We will be using the 2024 Edition until a new edition comes out. You do not write it as “2024-2025 USPAP” – it’s just 2024 Edition. Is it the orderly liquidation market, retail market, retail replacement market?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

1/31/2024 12:00:00 AM Hiring an ISA personal property appraiser provides many benefits. There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets.

article thumbnail

Office Hours with the Director of Education - January 2025

International Society of Appraisers

1/17/2025 12:00:00 AM Q: Is it still 2024 USPAP even though we are in 2025? A: Yes, the 2024 edition is the most current version of USPAP. If it includes works valued above $20,000, then I include a full-page image as well and detail images. Q: Can I round my determined values when appropriate?