Discussion and review of item(s) to be appraised. Includes review of photos of items, contents or lots. Determining the type and use of the valuation, referral to other regions, experts or marketplace and the type of appraisal service applicable.
Oral discussion & line summary, high-level review and opinion of range of value and viability for resale, best market or consultant referral of that single item. Reported as in auction catalogs as an estimate (range).
What is it used for – Better understanding if the item is of value.
Extended Estimate Services: Travel to and review lots and property for opinion of value, travel time. High level verbal estimates & consulting on-site. Review of large cataloged lots digitally – Fee per Scope
An examination, research and evaluation of a value or range of value of an item(s) in a written format but not a compliant USPAP full appraisal. Also included is an overview of market, scarcity or rarity and the best options of resale. Includes written summary.
What is it used for – Items that may fall in borderline of high and low values and not warrant time or expense of a full appraisal, less than IRS charitable giving values, estate settlements.
Vehicles/Equipment/Machinery – Fee per Scope
Complete Uniform Standards of Appraisal Practice (USPAP) Compliant Report and time (examination, research and evaluation). Professional judgement and opinion. The appraiser will inspect and evaluate the property and will liaise with you, assist with in person inspections, academic research and report production.
Appraisal Fees Include – round trip transportation time, on-site time (including consultation time), research time an
What does an Appraisal include?
Each appraisal report is tailor-made for its intended use and the needs of the client. You will receive a full-color printed report plus one additional copy. Photos appear in the report next to the descriptions resembling an art catalog or book. Reports normally have one, two or three items per page depending on value and number of items in the report. Each item or groups of similar items is described sufficiently for its type. Donation reports will include form 8283 as required by the IRS.
Common Appraisal Uses:
ESTATE: Asset distribution, fair market values, estate planning, tax returns
DONATION: Tax deduction, or part of estate planning
INSURANCE: Retail (full market value) replacement cost for your Property
DIVISION OF PROPERTY: Equitable distribution of property for multiple persons
LOSS OR DAMAGE: Market value, damage assessment, restoration costs
MARKET VALUE: Determine fair market value for purchase or sale of your Property
LITIGATION
EXPERT WITNESS
Professional services for evaluation of single or large lots of items of significance, estate planning & sale pre-valuation, insurance, disposal, resale, auction, business liquidation, fleet disposal, charitable donation and other requirements.
Note: Onsite evaluations and travel over 60 miles – 3 hr. minimum plus 2023 IRS business mileage rate of 65.5 cents per mile.
Fees may vary based on type of work academic research, inspection, report drafting, deposition and trial testimony (including preparation), further consultation.
Please feel free to contact us for a more accurate estimate for a report or service to meet your specific needs or to see if your items are of sufficient value to warrant a qualified appraisal report. All services completed will apply as a discount to additional services of same item. Estimates can be communicated via e-mail/text or phone
