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WHAT IS AN APPRAISAL?

• An Appraisal is the act or process of determing value, estimating cost, or determining the present worth of fore-casted earnings. An appraisal is an independent, unbiased estimate of value that often serves as a cornerstone in a transaction. Professional appraisers value property with independence and objectivity. An appraisal report is written documentation of the information discovered in an organized format.
• Appraisals should be clear and descriptive. They should contain good pictures of the property if at all possible.
• A Written Appraisal is made by initially conducting an on-site inspection and preparing a hand-written description of the property along with photographs. Later, the descriptions are finalized, necessary research is conducted and the appropriate values are assigned.
• Appraisals are formal reports that give you information you need in a complete and organized way. They are standardized, comprehensive and thoroughly researched. They include comparables of similar items with documentation when available. They cover market trends. They are written in a way which relates to the purpose and function of each individual appraisal need.
• An appraisal is considered a legal document if it is written by a certified or accredited appraiser.
• The Client receives two type-written copies of the appraisal report along with the appraisal document and photographs of the appraised items on a CD or DVD. Artiques Appraisal Service retains the appraisal report and pictures for three years. Additional copies of the appraisal report may be purchased.
• If upon the preliminary examination of your item, it is determined that the value does not warrant a professional appraisal, you will be advised at that time and only charged for your initial visit, a minimum one-hour fee.