Preparing for Court- Phase I

During Phase I, your appraiser performs the necessary due diligence to arrive at a valid and supportable conclusion. The appraiser will make sure that he or she is up to speed on the appraisal issues in order to comply with the competency provision of USPAP. This is the opportunity to fine tune the appropriate methodology, identify the key issues, and understand the opposing positions or claims. Your appraiser will make sure that the valuation does not contradict any facts of the case and will interview both parties in litigation (if possible).

At the end of Phase I, the appraiser will meet with you and present a verbal summary of findings and a preliminary indication of value. If he or she cannot find the data necessary to support further action on the assignment, it is likely that the proceedings will end at this point. If the consensus is to continue, your litigation team will begin Phase II - the appraisal report which is tailored to fit the respective court system (i.e., Federal Tax Court, County Court, Divorce Court, Arbitration, etc.).