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HOW TO PREPARE FOR THE ON-SITE INSPECTION

  •   Decide which items you want to have appraised.
  •   Make sure they are accessible.
  •   Unpack items in drawers, boxes, trunks.
  •   Put things of like kind together.
  •   Arrange china and glass by patterns.
  •   Gather receipts, certificates of authenticity, photographs, or earlier appraisals.

Taking these steps will streamline the appraisal process and ultimately save you money. 

A COMPETENT APPRAISAL REPORT HAS . . . 

  •   A cover document explaining in detail what type of value or cost is being sought (“purpose”) and how the appraisal is to be used (“intended use”).
  •   The description of the methodology and resources relied upon.
  •   A definition and description of the market(s) selected.
  •   A complete and accurate description of the property written in such a manner that it can be identified without photographs.
  •   The date(s) and location(s) of inspection and the effective date of the report.
  •   A current USPAP certification statement. Competent appraisers must take a USPAP update course every two years.
  •   The appraiser’s qualifications and signature.

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DO NOT ACCEPT AN APPRAISAL IF . . .  

  •   It is handwritten or unsigned.
  •   The fee is based on a contingency fee or on the value of the property.
  •   The appropriate “purpose” and “intended use” are not stated.
  •   The item is beyond the appraiser’s expertise.
  •   The appraiser lacks training in appraisal methodology.
  •   The appraiser is not willing and able to defend the appraisal in court.
  •   The appraiser prepares the appraisal report in anticipation of buying items from you after the report is completed.

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QUESTIONS? CONTACT US.

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