When reviewing an appraisal and discovering significant missing information, how should you proceed if that information was not publicly available at the time?

When reviewing an appraisal, discovering significant missing information that was not publicly available at the time indicates a need for careful handling of the situation. The appropriate action is to utilize the information for your value conclusion without criticizing the original appraisal.

This approach recognizes that appraisers work with the data available to them at the time of their analysis; thus, they may not have had access to the additional information that has now come to light. It allows for a more comprehensive and accurate analysis of the property value by integrating new insights rather than undervaluing the original appraisal due to the absence of that information.

By adopting this method, you maintain professional integrity, focusing on enhancing the appraisal's accuracy rather than casting blame on the prior appraiser for something beyond their control. This constructive approach ensures that the assessment reflects the most informed perspective based on all available data, leading to a more reliable value conclusion.

Engaging critically with the information while applying it thoughtfully avoids unnecessary criticism and fosters a collaborative environment in the appraisal process.