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Some Common
Questions:
WHAT IS AN APPRAISAL? An appraisal is an unbiased estimate of value
by a qualified person, of any type of property, at a particular time,
for a specific purpose. This is a signed document which is suitable for
submission to insurance companies, the courts and the Internal Revenue
Service. As required by the Code of Ethics of the Appraisers National
Association and the Uniform Standards of Professional Appraisal
Practice (USPAP), the appraiser must report the facts acting as a
disinterested third party, rather than as an advocate. The Appraisers
National Association requires the successfull completion of the USPAP
course every five years.
WHY SHOULD I HAVE MY ANTIQUES,
COLLECTIBLES AND OTHER PERSONAL PROPERTY APPRAISED? You may need an appraisal to get insurance
coverage for your classic car, as an example. A complete inventory and
description of items is included in an appraisal report.
WHAT IS INVOLVED IN AN
APPRAISAL? I will come to
your home or place of business to examine your property. After
completing the inspection and inventory on the items at your home or
business, research is conducted using comparables, market trends, and
other factors to determine their value. The report is usually mailed to
you within four to six weeks.
HOW OFTEN SHOULD I HAVE AN
APPRAISAL? Due to changing
market conditions, most insurers recommend that personal property,
especially antiques and collectibles, be reappraised every two to three
years.
HOW MUCH DOES THIS COST? Charges are calculated at an hourly rate,
based on the amount of time involved conducting the inspection,
research time, and inventory. In accordance with professional ethics
and IRS regulations, the fees are based upon time and materials
expended and never on the value of the items appraised. Additional research,
court testimony, outside consultants or travel may result in additional
fees.
FREE CONSULTATION
CALL OR  FOR
APPOINTMENT
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