1. Provide an appraisal meeting the following definition of an “appraisal,” which is found at 49 CFR 24.2(a)(3): “The term appraisal means a written statement independently and impartially prepared by a qualified appraiser setting forth an opinion of defined value of an adequately described property as of a specific date, supported by the presentation and analysis of relevant market information.” 2. Afford the property owner or the owner's designated representative the opportunity to accompany the appraiser on the inspection of the property in accordance with Title 18 of the Code of Alabama. 3. Perform an inspection of the subject property. The inspection should be appropriate for the appraisal problem, and the Scope of Work in the contract will address: • The extent of the inspection and description of the neighborhood and proposed project area, • The extent of the subject property inspection, including interior and exterior areas, • The level of detail of the description of the physical characteristics of the property being appraised (and, in the case of a partial acquisition, the remaining property). 4. In the appraisal report, include a sketch of the property and provide the location and dimensions of any improvements. Also, it should include adequate photographs of the subject property and comparable sales and provide location maps of the property and comparable sales as called for in the State DOT's FHWA-approved Right-of-Way or Appraisal Manual. 5. In the appraisal report, include the following items: • The property right to be acquired (e.g., temporary construction easement) • The value being appraised (usually fair market value), and its definition • Appraised as if free and clear of contamination (or as specified), • The date of the appraisal report and the date of valuation, • A realty/personalty report is required per 49 CFR 24.103(a)(2)(i), • The known and observed encumbrances, if any, • Title information, • Location, • Zoning, • Present use, and • At least a 5-year sales history of the property
