In essence, appraisers are in the business of addressing the fundamental question: What is the item’s value? Whenever there is a question about the worth of your personal property, there is a risk involved: selling too low or paying too much, not getting your fair share of a division of property, incurring tax penalties, or being audited when claiming a deduction for charitable contributions or calculating estate taxes.
A professional appraiser* helps you manage these and other risks by providing a written opinion of value upon which you can base your financial decisions. Rather than being just an educated guess, the professional appraiser’s opinions are based on prescribed methods of evaluation, research, and report writing.
The accurate estimation and documentation of personal property values rests primarily on the knowledge and expertise of the appraiser. It is wise to choose the most competent professional appraiser with demonstrated expertise regarding the property in question. A professional appraiser can help you protect your assets by providing a written appraisal.
With a written appraisal in hand, you can be confident of the valuation of your property. In addition, the professional written appraisal is a legal document able to withstand courtroom examination and scrutiny from government authorities.