How does a value opinion expressed in a Restricted Appraisal Report compare to that in an Appraisal Report?

In a Restricted Appraisal Report, the value opinion is indeed considered to be equally credible compared to that in a full Appraisal Report. Both types of reports are prepared by licensed appraisers and adhere to professional standards; hence, the judgments made within them are based on the same principles of valuation, supporting data, and methodology.

However, a Restricted Appraisal Report is limited in scope and typically intended for a specific user or purpose, often resulting in less detail regarding the appraisal process and the data used. This limitation does not inherently diminish the credibility of the value opinion, as long as the report follows all necessary guidelines and is prepared by a qualified professional. Consequently, the credibility remains intact across both report types, as they are formed on the unique competencies of the appraiser and the validity of the analysis conducted.