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  TYPES OF APPRAISALSFair Market ValueA price at which a willing buyer and seller, neither being under any obligation, would agree to complete a sale. Fair market value is used for inheritance tax, estate planning, marital and and business division. and charitable contributions. Liquidation ValueA monetary value given to property that is sold or exchanges hands under a forced or limiting conditions, such as bankruptcy. Replacement ValueA monetary value necessary to replace property with something of similar origin, condition, provenance, quality and age. This appraisal is used for insurance purposes, to be attached to your policy as a Fine Arts rider. Evaluating AppraisalsOur firm offers experienced appraisers, with extensive knowledge in furniture, silver, decorative arts, oriental rugs, porcelains, capital assets, commercial/farm machinery and equipment, classical vehicles and boats. There are a variety of reasons for obtaining an appraisal: estates, partition, insurance, equitable distribution, business liquidation and resale. Our appraisers keep pace with the fluctuating market through our on-line services, auction prices and extensive library of reference materials. Who Are Our Appraisers?Our firm is affiliated with: What to Expect from Our AppraisersA detailed inventory by a professional appraiser, presented in compliance with the Uniform Standards of Professional Appraisal Practice. A physical inspection of the property, with photos as well as on-site video provided. Cost of ServiceThe cost is either a flat rate or an hourly rate, it is not a percentage of the property's value. Insurance Update ServiceOnce our firm has performed an appraisal for you, you will automatically be placed in our computer database. This will allow us to review your appraisal about every three years or as the market demands at your request. This review serves as a reminder to add or delete items from the inventory, in order to have a complete listing of your assets. |
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