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What is the purpose of an appraisal?
An appraisal is a professional report which documents a
reasoned conclusion of value for a specific purpose. An appraisal may be
used in the process of planning your estate, obtaining insurance
coverage, to settle a loss claim, to facilitate equitable distribution
among heirs, for charitable contribution (donation), or for dissolution
of marriage. Please ask us about a Feasibility Analysis,
performed to determine economic benefits of a sale, or sale versus
charitable contribution.
How do I find a qualified appraiser?
The American Society of
Appraisers' website allows you to search for qualified appraisers by
geographic location. You may visit the ASA website at:
www.appraisers.org. ASA is an
international organization of appraisal professionals and others
interested in the appraisal profession. This professional society is the
oldest and only major appraisal organization representing all of the
disciplines of appraisal specialists. Information on the appraisal
profession can be found here.
How long will it take to complete my
appraisal?
Each assignment has unique circumstances. Factors that may determine the
completion time of your project include: number of items to be
addressed, the complexity of the market for each item category, or the
verification of information sources. Ask our office for a personalized
estimate of completion time.
How much will my appraisal cost?
You can review our
fee schedule
here. In accordance with professional ethics, our
fees are based upon time and expenses, never on a percentage of the value of the items
appraised.
What is the appraisal process?
Examination of your objects usually takes place in your home, or
wherever the property is
located. You are welcome to bring small
collections to our Arcadia location. Please call for an appointment. The research
process takes place over a period of several weeks after the collection has been properly
measured, described, and photographed. We are available to travel
nationwide for appropriate assignments.
What does the complete appraisal document
include?
Our appraisal reports are bound documents that include: item identification and description,
photographs, unbiased, substantiated opinions of value,
analysis of markets selected, a Confidentiality Statement, glossary, bibliography and sources, and
USPAP certification.
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