Our appraisal division, PARC East Appraisers, concern themselves with the determination of value on a wide variety of personal property items from fine art, jewelry, coins, art glass, and collectibles, to business inventories. Our vast network of professional contacts committs us to collaborate to achieve the most up to date values on your items.
What to Look for in a Personal Property Appraisal
With the government, court, judges, banks, attorneys, accountants, insurance representatives and other professionals examining more closely the personal property appraisal report, it is important to know what to expect from a PROFESSIONAL PERSONAL PROPERTY APPRAISAL REPORT.
HERE ARE A FEW POINTS TO HELP GUIDE YOU IN CHOOSING SOMEONE THAT CAN PERFORM A PROFESSIONAL APPRAISAL REPORT FOR YOU:
- The report should be written in a professional manner and provide a complete and accurate description of the property being examined
- The report should provide an analysis of the factors affecting value reflecting the appraiser's research in accordance with the standards required by government authorities.
- The report should have a definition of value appropriate to the type of appraisal.
- The report should provide a value for the property appraised substantiated by report analysis.
- The report should carry the appraiser's qualifications page defining their academic background and certifications.
- The report must be signed by the appraiser.
- The report must carry a statement that the appraiser does not have a financial interest in buying the property and that the only interest possible is to act as the owner's agent in the sale of the property on a commission for sale basis.
- You should confirm that the appraiser's report can be defended in court if needed.
IT IS IMPORTANT TO ALSO KNOW that a report of the scope necessary to stand up to rigorous professional scrutiny requires an educated and diligent professional and as such will carry with it a professional fee that can range between $125 to $200 per hour and that much of the accumulated time that is billed for is taken up by the extensive research necessary to perform a professional report. Expect to pay he professional a retainer fee when their services are retained for a professional appraisal. An unqualified opinion as to value by a certified personal property appraiser, such as that offered at a show site, usually carries a fee ranging between $50 and $100 per item and depends upon the academic background of the appraiser. Dr. Baker's fee for such a verbal unqualified appraisal is $100 per item.
If you have NEED FOR A PROFESSIONAL WRITTEN APPRAISAL REPORT or an unqualified opinion as to value you can CONTACT DR. ROBERT H. BAKER at (631) 803-6706. Dr. Baker travels to all parts of this country to perform professional appraisals and will be happy to discuss it with you. He performs appraisals for establishing values of Fine Art, Antiques, and Collectibles, and appraisals of value for business dissolution, bankruptcy, divorce, estate evaluation, insurance purposes, and loan collateralization.