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Christenson Pittman Auctions offers appraisal services.
Personal property appraisal is an opinion of value based upon research of comparable objects within the most appropriate market place. The objects are witnessed, physically looked at, measured, and photographed and research is done. An appraisal is fee-based and is a formal, written document. Our appraisals are based upon the Uniforms Standards of Professional Appraisal Practice (USPAP) as set forth by the Appraisals Standards Board of the Appraisal Foundation in Washington, DC.
You may need an appraisal for the following reasons:
Insurance Appraisals
May be necessary for several reasons, including, damage, theft or destruction:
- You are moving and want to provide your moving company with a contents appraisal before the move. This may be on all items or selected items. Alternatively, if you own antiques or other valuable objects, the moving company may insist upon an appraisal.
- You have moved but neglected to have the contents appraised before the move and now there are damages. You now need an appraisal for insurance loss.
- You want to ensure that the contents of your home will be adequately covered from fire, flood or theft; or you have a special antique or other item which needs to be placed on an insurance rider.
- Your items were damaged while in a storage facility. You need an appraisal for insurance loss.
Fair Market Value Appraisals
May be needed for any of the following reasons:
- Divorce or Annulment
- An appraisal ensures the equitable distribution of your property. Talk to your attorney about having a joint valuation done on your marital property
- Death (Probate)
This appraisal may be necessary for tax purposes and is useful for distribution:
- Charitable Contribution
- Governmental law requires appraisals “by expert appraisers” on certain charitable contributions; institutions may require an appraisal before they accept the donation. You should consult your tax advisor if you are considering making a charitable donation.
- Estate Planning
- You want to include all of your assets – including personal property.
Liquidation
- Orderly and/or Forced
- Orderly Liquidation - refers to selling in an orderly manner with very little or no time restraints.
- Forced Liquidation - requires the person to sell within short time constraints.
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