Appraisal Service Now Available!
Appraisal services are now available this includes reports for charitable or cultural property donation, estate planning and division of assets, insurance coverage, damage and loss claims, purchase or sales advice, determination of probate fees or capital gains tax, divorce and/or partnership dissolution and bankruptcy. Our clients are for private and corporate collectors, financial institutions, government, public galleries and museums, registered charities and law firms.
Our staff, Belinda Chun is a member by the the International Society of Appraisers (ISA) which is a not-for-profit, member-driven association who serves the public by producing highly qualified and ethical appraisers who are recognized authorities in professional personal property appraising. ISA’s professional development and credentialing programs, along with its strong code of ethics and professional conduct, serve as the foundation for the organizational mission – to advance the professionalism and effectiveness of personal property appraisers.
What an Appraiser Determines
Whenever there’s a question about the value of your personal property, there’s also a risk involved. It may be the risk of selling too low, or of paying too much; the risk of being under or over insured; the risk of not getting your fair share in a division of the property; the risk of incurring tax penalties or being audited when claiming a deduction for charitable contribution or when calculating estate taxes.
A professional appraiser helps you manage these and other such risks by providing a written opinion of value upon which you can base your financial decisions. Rather than being just an “educated guess,” the professional appraiser’s value conclusions are based on prescribed methods or evaluation, research, and report writing. Bankers, financiers, investors, insurers, adjusters, estate managers, trustees, executors, attorneys, judges, federal and state tax agencies—all are dependent upon the knowledge and expertise of the appraiser, and so are you.
Too often and too late, people find out that the appraisals they have are inaccurate or misleading, resulting not only in greater risk to themselves but also in an annual waste of millions of consumer dollars. A competent appraiser helps you manage financial risk.
What a Appraisal Includes
(Standards of ISA and the Uniform Standards of Professional Appraisal Practice)
- A cover document explaining in detail what type of value is being sought (“purpose”) and how the appraisal is to be used (“function” or “assigned use”).
- The methodology and resources relied upon, including market analysis and market(s) selected.
- A complete and accurate description of the property written in such a manner that it can be identified without photos.
- The date(s) and location of inspection, and the effective date of value.
- A statement by the appraiser that he or she has no financial interest in the property or that such interest is disclosed in the report.The appraiser’s qualifications and signature.