APPRAISALS

ISA Code of Ethics & USPAP

 

As Accredited Members of the International Society of Appraisers, ISA AM, we adhere to ISA Code of Ethics and the Uniform Standards of Professional Appraisal Practice (USPAP) which is “authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications”. An appraiser is expected to perform valuation services competently and in a manner that is independent, impartial and objective. Please note that IRS regulations requires that an appraiser must have completed USPAP and remain current.

 

Quotes for appraisals will be given at the time of inspection and are based on an hourly rate, the amount of time involved in the inspection, research, and report production. In accordance with professional ethics and IRS regulations, the fees are based upon time and materials expended and never on the value of the items appraised. 

 

Additional research, court testimony, outside consultants and travel will result in additional fees. 

 

After completing an inspection and inventory of the items, research is conducted using comparable, current market trends, and other factors to determine their value. A complete inventory and description of the items is included in an appraisal report.

 

We also offer walk through consultations by appointment. 

Why Choosing an ISA Appraiser is Important

 

"Too often and too late, people find out that the appraisals they have are inaccurate or misleading, resulting not only in greater risk to themselves but also in an annual waste of millions of consumer dollars. A competent appraiser helps you manage financial risk."

 

- International Society of Appraisers


 

 Whatever your needs may be, we can help!

• Insurance coverage, damage/loss claims 

 

• Estate planning, probate, trust, settlement 

 

• Dissolution, equitable division, distribution

 

• Charitable donation, gift tax 

 

• Resale or purchase valuation

 

• Collections management and inventory

Preparing for an Appraisal

 

Below are general recommendations we give out to expedite the inspection process.


 

1. Decide which items you want to have evaluated. 

 

In a room full, you may want just a few items appraised, or items that exceed a certain value or cost, like $250. Unsure which items might meet the dollar amount you choose?  We can determine this during our appointment.  We recommend tagging the items you're sure you want appraised with a post-it note or painters tape so we can move more efficiently from item to item. 


 

2. Unpack items that are in drawers, trunks, boxes, or cabinets that you wish to have examined.  If possible, have each item that you would like to have appraised unpacked and on view. This ensures that you get the most out of our hourly rate and our time isn't spent unloading a china cabinet, accessing hard to reach items, or unpacking boxes.  If this is not feasible, please let us know ahead of time and we'll be glad to bring an assistant or two. 


 

3. Place things of like kind together, such as porcelain sets, silver or flatware, crystal, etc.  Do you have a full china service with over 80 pieces, or a set of silver flatware?  If matching items are in one location, it makes for quicker data entry. 


 

4. Gather any receipts, sales slips, or earlier appraisals and place them near the appropriate items, if available.  Any sale information on the items appraised is helpful for all types of appraisal reports. Depending on the appraisal, we may ask the approximate date or place of purchase. 


 

5. Gather any provenance; historical information or family history that relate to the items being appraised, if available.


 

6. A well-lit area work area with adequate space, is necessary for the inspection. Please let us know if there is poor lighting, cramped space and/or lack of work surfaces as we need adequate space for examination, computers, scales, etc. so that we may perform our work.