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I AM A FULLY TRAINED AND CERTIFIED PERSONAL PROPERTY APPRAISER.

Appraisals are a process of developing an opinion of value and are used by individuals, banks and companies for loan support, partnership and stockholder matters, buy-sell agreements, and information regarding allocation of assets.

There are two types of appraisals I offer:

By gathering the necessary data through the complete or limited appraisal process I can form an opinion of value expressed as:

Market Value is defined as "the estimated amount for which property should exchange on the date of valuation between a willing buyer and a willing seller in an arm’s-length transaction after proper marketing. Market value is a concept distinct from market price, which is “the price at which one can transact”, while market value is “the true underlying value” .

Insurable Value is the value of property based on the replacement or reproduction cost of those items, which are subject to loss from hazards.

Loan Value is the value placed on property by a lending institution for collateral purposes to set the maximum amount of loan on that property.

Salvage Value refers to the value of fixtures and equipment which have been fully depreciated, or to improvements or portions of improvements, which are removed from one property to be installed in another. Also known as scrap or junk value.

Complete Appraisal: A paid appraisal that includes a field inspection and photo documentation of individual assets and a full narrative and referenced report. Usually this report is used by banks.

Limited Appraisal: A valuation done with or without personal field inspection. Estimates may be done from data supplied by owner or lender. Usually this report is used for auction liquidations.

I use several approaches (methods) to gather the facts and analyze the data, which allow me to develop an opinion. The approaches are tried and true methods used universally to form appraisal opinions:
Cost approach is sometimes called the “summation approach” because it is the cost to replace the subject property with a substitute of like utility, less depreciation.

Income approach estimates the value of an item in terms of that items capability to produce income.
 
Market data approach is sometimes called the “direct sales comparison approach”. It is a direct comparison between a subject property and similar properties sold within the same marketing period.

Contact me for more information or to schedule an appraisal.
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