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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. And this valuation should be routinely updated as markets can change rendering items more, or less, valuable than they once were. In order to get the biggest deduction, you need an accurate appraisal.

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4 Reasons to Get an Estate Appraisal – Ray from ValuePros

ValuePros Appraisal Services

Accurate, IRS-compliant valuations are necessary to support those filings. Estate Tax Return or Probate Requirement In some cases, an appraisal is not just helpful, it’s required. If the estate meets certain wealth thresholds, it may trigger the need to file an estate tax return.

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The Rise of Vintage Luxury

Art Peritus

Why a Proper Appraisal Matters Whether it’s a vintage Dior wedding gown worn by three generations or a well-loved Chanel flap bag that’s followed you across continents, these items deserve thoughtful, accurate valuation.

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Appraisal Before Selling: Why Knowing Market Value Protects You – Insights from Ray at ValuePros

ValuePros Appraisal Services

At ValuePros , we provide nationwide estate appraisal and personal property valuation services. Taking this one small stepgetting an appraisalcan make all the difference when it comes to protecting your financial legacy. Need Help Getting Started? If you’re not sure what to do next, we can help.

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The Salvation Army Partnership: Where Mission Meets Value

WorthPoint

After a couple of years of using the app, they are now seeing sales of artwork totaling $500,000 per year, which they attribute to the research tools and the valuation database that WorthPoint provides. Worth It When Rader and his team began using the WorthPoint app, they had artwork sales totaling about $20,000 per year.

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Determining Fair Market Value Part I

International Society of Appraisers

Timing : Sales should be as close as possible to the valuation date. Replacement cost refers to what it would cost to replace the item on the valuation date. The strength of this approach depends on several key factors: Similarity : The closer the comparable is to the donated property, the stronger the evidence.

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Part II: Understanding and Determining Fair Market Value in Canadian Appraisals

International Society of Appraisers

While governed provincially, estate appraisals also rely on FMV and require care in identifying valuation dates, verifying authority, and applying accepted appraisal standards. Similarities between US and Canada Fundamental valuation principles align closely between the U.S. This is Part II of II of a Fair Market Value series.