Look Appraisal does not provide appraisal services for any of the following categories of personal property: autographed sports memorabilia, sports and game trading cards, fine jewelry, precious metals, coins and currencies, stamps, livestock, items affixed to and considered as part of a home's structure, firearms, motor vehicles, motorcycles, watercraft, and aircraft. Though we do not appraise items of this nature, we may be able to accommodate your appraisal request through a 3rd party specialist.
The Qualified Appraisal, Explained
- A USPAP compliant appraisal will be admissible in a court of law; meets federal requirements
- Includes a cover document
- Should have descriptions written in such detail, one can imagine a clear image of the item
- Should contain a current USPAP certification statement
The Qualified Appraiser, Explained
A qualified appraiser will never associate their fee with the value of the appraised property
IRS Treasury Regulations require that one must obtain a "qualified appraisal", signed and dated by a "qualified appraiser" when determining the value of donated property above certain thresholds
A qualified appraiser will not have a conflict of interest, meaning the appraiser does not have an interest or role in profiting from auction, purchase, or direct resale of the appraised items unless said interest is stated
A qualified appraiser follows a set of national standards developed by the Appraisal Standards Board (ASB) of The Appraisal Foundation
A qualified appraiser adheres to a professional code of ethics developed and maintained by their professional appraiser organization
Verbal Appraisals | A Better Fit?
If you simply need general "what's it worth" values for your property, a verbal approximation of value may be best. A verbal appraisal will deliver the information you want to know about your personal property; it is created with the same research process and categories of a written report, delivered in a different format. *Important: Verbal appraisals are not a replacement for the requirements associated with insurance or estate appraisals. Similar to the style of Antiques Roadshow, a verbal approximation of replacement value or an auction estimate is provided
- What is it worth? What do I have? A verbal approximation of value is a sound choice when you are simply curious about the value of an item or collection
- When plans to resell or hand down property are hindered by the value of each item
- A must when downsizing, working with a Senior Move Manager, preparing for a yard or garage sale ... don't be that person...
- A must before an auction or estate sale company arrives to prep the sale; auctioneers profit by selling large quantities, so sometimes items of value are overlooked by staff ...