The National Association of Appraisers explains appraisal basics on its "What is An Appraisal" information sheet:

• What is an appraisal?
• Why get an appraisal
• Who is the appraiser's client?
• Can I talk to an appraiser?
• What is market value?
• What are some steps an appraiser follows?
• What are the approaches to value?

Click on the image to download a copy. Members and non-members can provide this information sheet to clients and others who are unfamiliar with the appraisal process.