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So, now you’re stuck between the appraisal “as is” and the highest and best use of the property, which would be beyond your scope of work. You like what they pay and you like working for them, so you may feel a temptation to cater to them. Who is in charge of your scope of work and the future of your business?
What’s important to remember is the realm of your scope of work. The key here is the forms you use are specifically set up for a certain scope of work. You know the scope of work that will work for the problem you are trying to solve. Who honestly likes them anyway? How long have you been appraising?
There are different marketplaces depending on many factors, including: urgency to sell, quantity, condition of the property, and the quality of the items. What is the quality of diamond jewelry? It has similar qualities. Talk to your client to identify the scope of work. What is the quantity of diamond jewelry?
Many of my clients reach out to me not quite sure what they need and our subsequent discussion of the appraisal scope of work clarifies what type of report will be best suited for their situation. Users of appraisal services should feel empowered to actively ask questions about how their needs can best be met.
Loss-on-value can’t be determined until after a work of art has been repaired. The quality of the repair absolutely needs to be taken into consideration. Typically, the better the quality of the repair, then the lower the loss-of-value, if any. When I make recommendations, I give at least three relevant options.
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