Private appraisal

What is a private appraisal?

Private appraisals are appraisals rendered outside of court proceedings for other clients. For this reason, they are also called out-of-court reports. And since these reports are usually commissioned by a party, they are also called party reports. However, these expert opinions are also valid in any later court proceedings, provided the opposing party does not claim that the expert is biased. Private appraisals can be commissioned by companies, insurance companies, authorities, private individuals, associations, organizations, legal entities, etc.

Differences between private appraisals and court opinions

The approach of the appraiser or expert is almost identical. However, there are some differences: