Appraisals
An
appraisal provides a written estimate of the value of an item.
TEAM Estate Sales and Appraisals provides complete, accurate, and
reliable information at a realistic cost. Our appraisals follow
the USPAP
guidelines (Uniform Standards of Professional Appraisal Practice).
TEAM
Estate Sales and Appraisals is qualified to appraise entire estates
or single items of significance. At present, we do NOT offer
online appraisals. For onsite appraisals,
contact us
to arrange an appraisal. For onsite appraisals outside of
the Memphis area (60 mile radius), additional travel expenses
will be charged.
Our
appraisals are based on the most current sales results available
for like items.
Although
we can provide appraisals for most antique and
collectable
items, as well as most items comprising estates for which we contract
to conduct estate sales, we DO NOT appraise antique coins, stamps,
antique textiles such as quilts, or antique automobiles.
The
values of antiques, fine art and personal property change over
time and have different values in different markets. A current
appraisal is required by insurance companies, estate planners,
accountants, lawyers and trust officers in order to know the current
value when making important decisions regarding your valuable
property.
An
up-to-date professional appraisal by a qualified appraiser is
the most reliable source of personal property valuation. An appraisal
enables you to make educated decisions and to avoid making financial
mistakes as to the value of your personal property at crucial
times of life.
Some
of the factors that influence value are condition of the item,
age of the item, rarity, desirability, provenance (history) and
attractiveness. Other value determinants are recent comparable
sales, opinions of experts, purpose of the appraisal (whether
for insurance or estate), and whether the value is retail replacement
cost, fair market value, market value or liquidation value. Please
review our page on Points
to Consider when having an item Appraised.
Our
appraisers are extensively trained to assign the value for the
use for which the appraisal is intended, to assure your appraisal
is appropriate for your needs. Our appraisals are written to the
standards upheld by The Appraisal Foundation, Uniform Standards
of Professional Appraisal Practice (USPAP) and the NEAA Appraisal
Report Writing Standard.
We
Specialize in Appraisels for. . .
- Antiques,
Fine Art and residential personal property for insurance
-
Damage claims - Loss of Value
- Repair
and replacement
- Equal
distribution in divorce and probate settlement
- Division
of Personal Property Amongst Heirs
- Tax
Liability
- Establishment
of Trust
- Estate
Planning
- Gift
items for charitable contribution for IRS (Non-Cash Personal
Property & Form 8283)
- Bankruptcy
- Appraisal
review
- Expert
witness for cases in litigation
- Office
and business equipment for bankruptcy*
- Collateral
loans
- Commercial
damage claims for items in interstate shipments*
- Dissolution
of partnerships*
- Insurance
for personal property and business inventory and equipment*
- Large
equipment often called "Yellow Iron"*
- Business
equipment used in production, manufacture, and construction
projects for resale and liquidation*
* Read more about Equipment
& Machinery Appraisels
Fees
for appraisals are based on the scope of the work.
- $225/hr - Typical appraisal, plus travel time
over 25 miles
We
accept
the following form(s) of payment:
MasterCard,
Visa, Personal Checks, Money Order, PayPal*.
*PayPal
is the preferred method of payment and will receive immediate
attention.
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