...that the same item may have many different appraised values depending on how you intend to use the appraisal? For instance, a value for insurance may be very different than a value for estate tax, consumer resale, or charitable contribution. Other assigned uses include investment, liquidation, price confirmation, equitable distribution, loan collateral, casualty loss, and many more.
Qualified, educated appraisers understand the many different types of values, assigned uses, and market levels. He or she works with you to choose the proper type of value so that you can use the appraisal correctly and effectively.
Why You Might Need an Appraisal
Insurance - Determine replacement values for household effects, antiques, fine art, silver, jewelry, etc.
Divorce - Determine values for equitable division of property
Probate - Determine estate values
Tax Loss - Establish and document values for claiming a loss
Liquidation of personal property - Establish values before selling
Donations - Determine value and create documentation for tax purposes
Loan Collateral - Establish values for business loans based on collateral
Damage or Loss - Determine loss of value on damaged items and replacement value on lost items
Price Confirmation - Determine if the "antique" you own is truly authentic and not a reproduction and how valuable is it
