is an orderly procedure followed by appraisers when estimating a value that is accurate, supportable, and defensible. Appraisers must adhere to professional regulations and standards mandated by the Appraisal Standards Board, presented in the provisions of the Uniform Standards and Professional Appraisal Practice (USPAP) and state appraisal boards.

The appraisal process consists of the following six steps:

1. Identify the problem to be solved
2. Plan the appraisal (scope of work)
3. Collect and analyze relevant data
4. Apply the relevant approaches to value
5. Final reconciliation
6. Prepare the report