What aspect of an appraisal should be evaluated for consistency by the reviewer?

Evaluating the conclusions drawn throughout various sections of an appraisal for consistency is crucial because it ensures that the findings align logically and coherently across the entire report. Consistency in conclusions indicates that the appraiser's analysis is well-founded and that each section supports overall findings. For instance, if the income approach suggests a certain value, but the sales comparison approach concludes a significantly different value without sufficient justification, it raises questions about the appraiser's analysis.

This consistency check helps identify possible errors or contradictions in the appraisal, allowing reviewers to ensure that the conclusions reached are not only accurate but also defendable. A cohesive narrative throughout the report, supported by comprehensive reasoning and aligned conclusions, is essential for establishing credibility and conveying a clear message to stakeholders.

While the methodology, data sources, and formatting are undoubtedly important aspects of a thorough appraisal, it is the consistency in conclusions that directly assesses the reliability and integrity of the valuation itself.