What is the purpose of reconciliation in an appraisal?

• A. To ensure USPAP compliance.
• B. To weigh the results from the different approaches to reach a final value.
• C. To check the title.
• D. To prepare the final narrative.

Answer: (B)

Reconciliation is the step where the appraiser blends the estimates from the different valuation methods into one final value. Each approach—cost, sales comparison, and income—provides useful information, but their reliability varies with the property and market. By evaluating data quality, applicability, and current conditions, the appraiser assigns weights to each method and combines them to reach a single, defendable value conclusion. For example, a residential property with solid recent comparable sales might rely more on the sales comparison approach, while a rental property with stable income data might weigh the income approach more heavily. The final value reflects this thoughtful weighting and synthesis, providing a coherent, supported conclusion.