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The Importance of Contemporary Art Appraisals

Art Appraisal Resources

The appraisal often serves as an important document which details important aspects of the items condition, medium and provenance, as well as exhibition history if known. Loan Collateral Art collectors or investors who use their contemporary art as collateral for loans may require an appraisal to determine its value as security.

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Passion Assets: A True Love of Collecting

Art Peritus

Like conventional assets such as real estate, stocks, and bonds, passion assets can also serve as collateral for loans, provided their value exceeds the debt plus interest. For example, appraisals for Fair Market Value or Marketable Cash Value guide lenders in structuring asset-backed collateral loans.

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Choosing the Right Appraisal Professionals for Accurate Property Valuation

Prime Appraisals

These factors include the property's condition, location, recent sales of similar properties, and local market trends. Continuing Education: The real estate industry is dynamic, with changing market conditions and regulations. During this visit, they assess the property's condition, features, and any unique characteristics.

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Appraisal Group USA

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