Condition Market Research Valuation 
Penrose Appraisals
MARCH 14, 2024
This doesn't mean that objects have to be in mint condition in order to bring the big bucks at auction. The appraiser will always pay close attention to condition and take it into account. Market research. Of course, the market chosen will vary depending on the purpose of the appraisal. Intangibles.
Penrose Appraisals
SEPTEMBER 27, 2022
An appraiser is trained in this kind of market research and likely spends much of their time monitoring market conditions. This is especially so when the underlying valuation is based solely on the taxpayer's assertion. Hiring him or her to do the work likely makes a lot of sense. Avoiding bias.
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