Before conducting an appraisal, which task can Donna do to prepare?

Getting a copy of the subject property's purchase agreement is a crucial preparatory task for an appraiser because it provides essential information about the terms of sale, including the purchase price, any contingencies, and specific provisions that may affect value. Understanding the specifics of the transaction gives context to the property valuation and helps the appraiser assess the market and property characteristics accurately.

While conducting a full price comparison analysis is part of the appraisal process, it’s typically done after gathering relevant preliminary documents and information. Visiting neighboring properties may assist in understanding market trends and comparables but would not necessarily provide the foundational data needed to conduct a thorough appraisal. Preparing a detailed report is also something that occurs at the end of the appraisal process, not in the preparatory phase. Therefore, reviewing the purchase agreement is the most logical first step to ensure the appraisal is grounded in accurate and relevant information about the property in question.