Why You Might Need An Appraisal

An appraisal is a legal document as important as a will, and is the only way to accurately describe and value your property. A properly prepared appraisal by a certified, accredited appraiser will include a value conclusion that will clarify questions of property value under any circumstance.

There are many reasons you might need an appraisal. Below are some of the more common.

Insurance:
An appraisal determines replacement value, provides protection in the event of loss, and assists in establishing proper insurance coverage for household effects, antiques, fine art, silver, jewelry, etc.

Estates:
Clarify questions of property value.
Facilitate the disposition of estate tax reporting requirements.
Assist heirs with distribution/de-accessioning property.

Estate Planning:
Assist financial planners and related professionals in establishing clients net worth.
Be used for judicious estate planning.

Divorce/Property Division:
Assist attorneys and their clients in matters of equitable distribution for divorce or dissolution of marriage. Corporate uses in this category include mergers/acquisitions, and loan collateral.

Tax Loss (Bankruptcy):
Establish and document values for claiming a loss.

Liquidation of Personal Property:
Establish values before selling.

Donations:
Determine value and create documentation for tax purpose.

Loan Collateral:
Establish values for business loans based on collateral.

Damage or Loss:
Determine loss of value on damaged items and replacement value on lost items.

Price Confirmation:
Determine if the "antique" you own is truly authentic or if it is a reproduction and how valuable it is.

Resale:
Establish values before selling.

 

Headquartered in Asheville, NC, we serve businesses, professionals, and the general public in Western NC, Upstate SC, and Eastern Tennessee.