Trash or Treasure? What Is It Worth?
An appraisal is a valuation of property provided by a professional appraiser, usually for insurance purposes, tax verifications, to facilitate estate planning or to settle legal disputes, among other reasons.
iStuffSellers has a team of accredited appraisers with years of experience, dedication and commitment who can appraise all manner of art, jewelry or antiques, from a single piece to an entire estate. Our qualified professionals are knowledgeable and experienced with providing valuations of furniture, fine arts, jewelry, decorative arts, and other valuables. Rest assured our appraisals comply with all ethical and performance standards of the American Society of Appraisers and the Uniform Standards of Professional Appraisal Practice.
Types of Appraisals We Perform:
Estate Planning and Probate
An accurate estimation of fair market value for possessions in estate planning and probate can help you determine the realistic asking price.
Having your valuables professionally appraised and scheduled on your insurance policy can protect your investments from loss by theft, fire, flood or other natural disasters. A detailed appraisal indicating replacement value will help you in the resolution of casualty claims. When items are damaged, appraisals can include replacement costs, restoration fees and the revised value of the restored piece.
The IRS requires a qualified appraisal to determine the fair market value on all non-cash donations exceeding $5,000.
Fair Market Value: A price at which a "willing buyer and seller" would agree to complete a sale. Fair market value is used for estate tax, estate planning, marital division, charitable contributions, or other informational purposes.
Replacement Value: What it would cost to replace property with something of similar origin, age, quality, condition or provenance.
Damage Appraisal: To support making client whole when objects have been damaged in transit, fire, flooding, etc.
Loss Appraisal: To support making client whole when there has been a complete loss of the property.
Casualty Loss Appraisal: To support a tax deduction for loss of property with the IRS.
Liquidating Value: The value given to property that is sold or changes hands under forced or limiting conditions such as bankruptcy. It is provided for commercial and judicial purposes.