Remove Equitable Distribution Remove Market Value Remove Valuation
article thumbnail

4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

Accurate, IRS-compliant valuations are necessary to support those filings. In both situations, you need an independent expert who knows how to properly document fair market value. Equitable Distribution Among Beneficiaries It’s not uncommon for estates to have several heirs.

article thumbnail

9 Reasons Why Should You Hire an ISA Personal Property Appraiser

International Society of Appraisers

Accurate Valuation: ISA personal property appraisers are highly educated professionals with expertise in assessing the value of various items. ISA Members take advanced courses that provide expertise in establishing methodologies and market knowledge to provide accurate and reliable appraisals.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

All appraisal reports written in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) have to include identification of the level of the market the appraised values are set in and the effective date of the valuation. The next level is Fair Market Value.

article thumbnail

How To Determine If You Need An Art Appraisal

Art Appraisal Resources

Value matters and an art appraisal completed by a qualified art appraiser can save you substantial money by not selling too low, insuring too low, or paying too much in estate tax or equitable distribution. On the other hand, buyers can benefit from an assessment to ensure they pay a fair price for the artwork's value.

article thumbnail

What You Need to Know When Hiring a Personal Property Appraiser

Anubis Appraisal and Estate Services

GL-1, an appraiser is “one who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.” The role of the appraiser is to develop an opinion of value for a specific purpose. General Steps for Appraisals and Valuations The appraisal process starts with a physical inspection.

article thumbnail

What Does An Appraiser Do, Anyway?

Penrose Appraisals

If you are getting an appraisal done on your collection of antique clocks for insurance purposes, then the appraiser will be looking for replacement value - for example, what it would cost to buy the item at retail. Appraisers are not simply walking around with valuations in their head.

article thumbnail

The Importance of Provenance in Art Appraisal

JSK Fine Art Appraisals

Provenance, the documented history of an artwork’s ownership, is a cornerstone of art appraisal that adds layers of significance to the valuation process. Enhancing Market Value: A strong provenance often contributes to an artwork’s market value.