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Why Accurate Appraisals Matter in the New Year

Penrose Appraisals

The IRS requires appraisals done by a "qualified appraiser" for items worth $5,000 or more. Below that number, you can do the valuation yourself, but may have greater peace of mind if you hire an appraiser. Appraisals can help ensure adequate insurance coverage. Check out my estate sale services here.

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Evaluation to Valuation: Navigating Fine Art Appraisals

Art Appraisal Resources

In this post we explore fine art valuation and appraisal, how an appraisal is conducted and the different types of art appraisals. How a Fine Art Appraisal is Conducted A fine art appraisal conducted by a certified appraiser starts with a thorough inspection of the artwork.

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The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.

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The Validity of Using Older Sales in Residential Appraisal Reports: Setting the Record Straight

Concept Appraisals

Are older stales still relevant in residential appraisal reports? In this article, we’ll explore the nuances of using older sales in appraisals and debunk the common misconceptions surrounding their validity. In this case, the appraiser may use older comparable sales as long as they explain why they are being used.

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Estate Tax Planning Strategies for Art Collections

Art Appraisal Resources

Valuation of Art Collections Determining accurate valuations for art pieces can be complex and subjective, therefore it requires expertise from a certified appraiser. This ensures integrity in their valuation process.

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Determining Fair Market Value Part I

International Society of Appraisers

Appraisers must exercise professional judgment, supported by credible data and sound methodology, to determine FMV. ” 26 CFR §20.2031-1(b) expands upon this definition with “ the fair market value of a particular item of property… is not to be determined by a forced sale. Sales of comparable properties 3.

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Understanding the Different Levels of Value: It’s Worth What Where and When?

Artifactual History Appraisal

An appraised value for insurance may be significantly higher than an appraised value for planned future sale, which can be baffling and difficult to comprehend without a familiarity with the different levels of the market.