Accurate Appraisals at Affordable Prices
Selma's estate appraisals follow the highest industry standards of the Uniform Standards of Professional Appraisal Practice (USPAP). These professional guidelines are monitored by The Appraisal Foundation, which is sanctioned by the U.S. Congress as the source of appraisal standards and qualifications. USPAP-compliant appraisers are required to complete 7-hour instructional updates every 2 years, following successful completion of the 15-hour course.
Selma Works With:
• Financial Advisors
• Estate Planners
|• Bank & Trust Departments
• Insurance Companies
• Museums & Historical Societies
Brokerage of Fine Art, Jewelry, & Silver
Downsizing Consultation & Execution
Verbal Appraisal Reports
"Antique Road Show" Events
USPAP Conforming Appraisals for the Following:
Written appraisals are considered legal documents. They are an absolute necessity for a variety of reasons, ranging from insurance coverage to acquisitions.
Primary Appraisal Needs:
• Verify Existence, Condition, & Item Value
• Establish Balance Between Too Much & Not Enough Coverage
• Assist in Damage or Loss Claims
• Estate Division Among Family Members
• Divorce Asset Division
|Accurate Supporting Documentation for the IRS
• Charitable Donations Over a Certain Dollar Amount
• Fair Market Value for Estate Tax Purposes
• Acquisitions — Do Not Pay Too Much
• Selling — Obtain a Fair Market Price
When a legal document is not necessary, Selma offers verbal appraisal reports. Whether you want to know the value of a single item or an entire house full, she can tell you what your valuables are worth. A verbal approximation of value is offered only when the client understands the limitations inherent in an appraisal based on readily apparent identification without the benefit of research. This type of appraisal is performed on an hourly basis.
Appraisal fees are not based on a percentage of the value. She charges hourly rates for on-site inspection, research, and document preparation.
It is easy for an individual to say they are certified in the appraisal business, especially if they do not truly belong to a professional appraisal organization. The three organizations that set and maintain standards in the industry are the International Society of Appraisers, American Society of Appraisers, and Appraisal Association of America. They require members to complete educational courses, supply personal references, and monitor their membership for ethical violations. Confirm the credentials of anyone you are thinking of using before you hire the person. You have too much at stake.