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What You Need to Know about Condemnation in Appraisals

Concept Appraisals

The fair market value is generally determined based on comparable sales of similar properties, income the property generates, and the cost of replacing the property minus depreciation. These are commonly referred to as the Sales Comparison Approach, Income Approach, and Cost Approach respectively.

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How Do I Get My Art Appraised?

Fine Art Estates

Christine Guernsey, a professional appraiser whose interview appears in Part 3 of this article, indicated that a professional written appraisal of a single artwork would at a minimum cost $450 and would more realistically cost between $600 and $800. Names of who I consulted with are listed in the bibliography.