Other types of appraisals are done for the purpose of insurance, mortgage, probate, or taxes. They all have something in common in that they follow an appraisal process. The relocation appraisal has a set of definitions and instructions to appraisers that relate only to the relocation appraisal. These guidelines differ substantially from the appraisal process for other types of appraisals. They can also direct the appraiser to estimate the market value within a specified time frame.
Confusion often exists as to the interpretation of market value and reasonable marketing time.
These guidelines may be altered at the direction of the client who may have supplemental guidelines. The inspection and counseling often require an hour, during which the appraiser has the opportunity to communicate credibility and professionalism. Another way in which a relocation appraisal differs from a mortgage appraisal is the appraisal review process. An appraiser who accepts a relocation appraisal assignment must be prepared to take the time to write a competent report, discuss the report with the client, and be responsive to the client's questions. Requests for review of the factual data presented by the transferee or data reported in another appraiser's report is part of the relocation appraisal process.