article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

Choosing the Right Appraisal Professionals for Accurate Property Valuation

Prime Appraisals

When it comes to real estate, the accuracy of property valuation is paramount. That's where appraisal professionals step in. Selecting the right appraisal professionals can make a world of difference in your real estate transactions, ensuring that you get a fair deal, whether you're buying, selling, or refinancing a property.

article thumbnail

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

Artifactual History Appraisal

I’ve written this basic guide as an introduction to the different levels of value so that users of appraisal services will be able to better determine what sort of appraisal reports would best suit their needs. Fair Market Value is also frequently encountered in equitable distribution and family distribution appraisal reports.