Appraisal Process and Rates
|The Appraisal Process & Rates
The Onsite Examination
Our Appraisals are written to U. S. Government standards for Appraisal Reports as outlined in the Appraisal Foundation’s, “Uniform Standards of Professional Appraisal Practice”. There can be up to four hours spent in office, for research and report preparation for every hour spent on site, depending upon the number of items in the appraisal. Unusual items, fine antiques and art can require additional research time. Unusual appraisals for specific purposes can require additional research time. The Appraiser will not assign a value on a given item until the appropriate research has been conducted on that item.
The time spent in this phase is considered “Research Time.” The Appraiser agrees to notify the Client of any article of personal property which, in the Appraiser’s opinion, requires consultation with a specialist for authentication or evaluation. The Appraiser will also notify the Client when an item may require extraordinary research time to authenticate and/or evaluate, in which case, separate negotiations for these services will be negotiated between the Appraiser and the Client.
Delivery of the Report
Appraisal Hours – The time necessary for the Appraiser(s) to examine, evaluate and value all items to be included in the Report.
Research Hours – The time necessary for the Appraiser(s) to identify marks, labels, verify dates, locate recent comparable sales, identify and evaluate artists, consult other experts when necessary and evaluate the items included in the Report.
Report Writing and Preparation Hours – The time necessary for the Appraiser(s) to write descriptions and values, write the cover letter, prepare and assemble the Report, mount photographs into the Report or for large reports into a binder, bind, copy, mail or otherwise deliver the Report.
Verbal Consultation Hours – The time necessary for the Appraiser to examine, evaluate and express an informed opinion in person or on the telephone. A verbal consultation is a restricted use appraisal for the purpose of informing and guiding the client only.
Estate Liquidation Consultation Hours – The time necessary for the Consultant to examine the items to be liquidated, evaluate and express an opinion that is appropriate for the individual circumstances of the client who wishes to liquidate the items on their own but needs the advice of an expert. (See Estate Sales for further information).
Travel Hours – The time necessary for the Appraiser(s) to travel to the onsite inspection and return to the office. The time billed is the time each way that it takes the appraiser to drive straight from the office to the assignment address and straight back to the office.
Travel Lodging, Meals, Airfare – Client will be billed at the Appraiser’s actual expense for lodging, meals, airfare and other travel expenses upon presentation of statement with receipts.