In a narrative appraisal report, which section would detail the value being estimated?

In a narrative appraisal report, the section that outlines the value being estimated is the Statement of Purpose. This section provides a clear and concise declaration of the appraisal's intent, detailing what is being assessed and why. It typically specifies the type of value being estimated—such as market value, investment value, or another specific purpose—and establishes the context for the appraisal process.

This foundational element guides the reader and sets the stage for the analysis and methodologies discussed later in the report. By clearly stating the purpose, the appraiser ensures that the assessment remains aligned with the client's needs and the intended use of the appraisal, which is critical for the efficacy and relevance of the report.

The Information in other sections, such as Analysis and Conclusions, Introduction, and Executive Summary, all play important roles in supporting the appraisal's findings and results, but they do not specifically focus on detailing the value being estimated as the Statement of Purpose does.