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5/13/2025 12:00:00 AM Determining fair marketvalue (FMV) can be a complex process, as it is highly dependent on the specific facts and circumstances surrounding each appraisal assignment. Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV.
Yes, the 2024 edition is the most current version of USPAP. We will be using the 2024 Edition until a new edition comes out. You do not write it as “2024-2025 USPAP” – it’s just 2024 Edition. Is it the orderly liquidation market, retail market, retail replacement market?
1/31/2024 12:00:00 AM Hiring an ISA personal property appraiser provides many benefits. There are numerous reasons to seek a professional appraisal, including planning insurance coverage, charitable donations, probate of an estate, or simply determining the value of your tangible assets.
1/17/2025 12:00:00 AM Q: Is it still 2024 USPAP even though we are in 2025? A: Yes, the 2024 edition is the most current version of USPAP. If it includes works valued above $20,000, then I include a full-page image as well and detail images. Q: Can I round my determined values when appropriate?
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