Evergreen, Colorado 80439-5420
"Art is never an extravagance"
| Credentials | Fee Schedule | Frequently Asked Questions | How to Maintain Value | American Society of Appraisers |
What is Personal Property?
Personal property is tangible, movable property that is utilitarian,
collectible, and decorative or a combination of the three. Objects which are
considered by the general public as being "Personal" These can be items such as
paintings and sculptures.
A personal property appraiser identifies and provides a value for these types of objects. A personal property appraiser is a trained, unbiased, ethical individual the public can rely on to provide a competent, fair assessment of value.
Do Appraisers
Authenticate?
Appraiser's witness, identify, and value however, do not
authenticate. The Principle of Identification (Uniform Standards of Professional
Appraisal Practice, 2014-2015 (USPAP)) states that if a subject property
possesses the same characteristics as an acknowledged genuine property, than the
subject property is assumed genuine. No further claim of authenticity is implied
or intended.
What Should I look
for in the finished appraisal?
The product of every appraisal - and the means through which the results of the appraisal are communicated to you, the client - is the appraisal report. Appraisal reports must meet a large number of criteria in order to be considered acceptable by many parties (including the IRS). Appraisers who are not accredited may not have the experience or training necessary to write a comprehensive appraisal report.
ASA requires that copies of actual reports be submitted
and pass review before a member can be accredited. In addition to meeting
standards set by the Appraisal Foundation and by ASA, the appraisal report you
are paying for should answer the value questions you have asked in a manner that
you can understand and that you can see to be credible, objective, impartial and
documented.
An appraisal report will clearly state the kind of value
being determined; such as Fair market, Replacement, two kinds of Liquidation
(forced and orderly), etc.
It will detail the procedures used to estimate the
values, such as analysis of comparable sales; estimation and analysis of income
(if applicable); and relation of the appraisal values to a specific point in
time. It will be signed by the individual who made the appraisal and who is
responsible for its validity and objectivity (to you and third parties).
It will specify the personal qualifications of the
appraiser.
Will my information be confidential?
Our company is wholly committed to safeguarding the confidential information of our clients. Please know that we hold all of our client's personal information provided to our company in the strictest confidence, and in accordance with the Uniform Standards of Professional Appraisal Practice, 2014-2015 (USPAP) and American Society of Appraisers, (ASA), and the Ethics Standards of confidentiality.
What is the American
Society of Appraisers?
"The American Society of Appraisers (the "Society") is a
multi-discipline non-profit International Organization of professional
appraisers (valuers). The mission of the Society is to foster the public trust
of our members and the appraisal profession through compliance with the highest
levels of ethical and professional standards."
What is USPAP? (Uniform Standards of Professional Appraisal Practice)
Uniform Standards of Professional Appraisal Practice
(USPAP) can be considered the quality control standards applicable for real
property, personal property, intangibles, and business valuation appraisal
analysis and reports in the United States and its territories.
USPAP contains the generally accepted standards for
professional appraisal practice in North America, as developed by the Appraisal
Standards Board (ASB) of the Appraisal Foundation.
What is The Appraisal
Foundation?