The Personal Property Owner’s Guide to Appraisal Services
Whether you own a piece of fine art, jewelry, a collectible item, or an ordinary article found in any household, you may need to know what it is worth. Or it might be some type of machinery, such as a car, a fleet of cars, or farm or manufacturing equipment. It could be an item you own now or something in which you might acquire a financial interest. Regardless, eventually, most of us need to know the value of an item of personal property, either to preserve it as an asset or use it to create additional wealth while managing the risks of ownership.
By preparing professional appraisals, qualified appraisers give you the objective information you need to make financial decisions in your best interests. But who is a qualified appraiser? What is a professional appraisal? We have prepared this guide to answer these questions. We present the essential elements that all appraisal reports, regardless of the type of property, should contain, along with examples of common situations in which appraisers assist personal property owners.
We also offer questions you can ask an appraiser and ways to consider their answers to enable you to determine if they are qualified to appraise your item.
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