FAQs

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Appraisal Basics

An appraisal is an opinion of value. There are different types of appraisals depending on the intended use. It may be to estimate the value by researching the realized prices for the same or similar items in the marketplace. It may be to calculate what it would cost to replace an item for insurance. Or it could be to determine the value of property for tax purposes. An appraiser does not “guess” the value of an object. They research marketplaces to be able to give an objective opinion of value.

Why do I need an appraisal?

There are many reasons for an appraisal, but some of the most common are: a value for resale, an IRS estate tax appraisal, distribution of inherited items, insurance and insurance loss, charitable donation or “just want to know”.

Knowing the value of your possessions can help make decisions in many of these circumstances.

What is personal property?

Personal property refers to movable assets, including but not limited to furniture, artwork, jewelry, collectibles, and household items. Real estate, on the other hand, is considered real property.

What is a personal property appraiser?

A personal property appraiser is a professional who assesses the value of tangible assets like art, antiques, and other personal belongings. They use their expertise to provide accurate and impartial appraisals for various purposes.

What is a certified appraiser?

A Certified Appraiser of Person Property (CAPP) designation from the International Society of Appraisers represents the top level of education and experience. A certified appraiser has many hours of education in the field, has passed several rigorous examinations and adheres to ethical and professional standards.

How do I know if my item is worth getting appraised?

A preliminary free consultation with Lesley can help determine initial information about the property. Sometime pictures can be sent in advance to help answer this question. 

What types of items does Lesley appraise?

Lesley appraises all types of personal property but specializes in estate and household contents such as decorative objects, silver, china, furniture, and artworks.

What is the difference between virtual and in-person appraisal?

Depending on the items to be appraised, often excellent pictures and a thorough description by the client are all that is needed for Lesley to give a virtual appraisal. It can be written or oral but will state that the items have not been personally inspected by her. 

How do appraisers charge for their services? And why?

Lesley charges an hourly rate for her appraisals. An ethical, certified appraiser never charges based on a percentage of the value of the item. 

What is a "walk-through"?

Often a client just needs help sorting through an overwhelming amount of objects. Knowing what has some value and what might be easily sold or donated can help reduce the stress. A Walk-Through is not an appraisal but a service Lesley offers clients to give them information about their belongings and help them understand if they need an appraisal.

Still have questions?

Contact Lesley today!

Real Client Stories

Here are some ways in which Lesley has helped her clients.

Hidden Gem

Two sisters needed help dividing the contents of their mother's display cabinet filled with modern cut glass. The real "find" in the back corner of the cabinet, however, was a Rookwood bowl, hand painted, depicting a Native American. It was signed with the initials for Sadie Markland, an important Rookwood artist, and dated 1894. The Rookwood piece was worth more than any individual piece of crystal in the case.

Unexpected Fortune

A man called and said he thought maybe the painting that his mother had given him long ago for his wedding might be worth something and perhaps he should insure it. His mother had been given the painting by a much older distant relative. It was a large oil by a Taos School artist and appraised in the high five figures.

Japanese Treasures Unearthed

An out of state family was moving their mother to assisted living and wanted to sell the house quickly. They were going to offer it furnished. Much of the furniture and many décor items were Japanese pieces the parents had purchased when living in Japan. After the appraisal the family decided to remove those pieces from the sale.

From Dislike to Relief

A woman had been given a sculpture by her father from the South Sea Islands and told it was very valuable. She did not like the piece and didn't want to keep it. It turned out to be a piece of decorative tourist art and she was relieved to know she could get rid of it.

Remote Appraisal Success

A man's deceased wife had been an avid collector of porcelain and fine dinnerware. He wanted to sell the collections but had no idea of the value. By taking excellent pictures and giving good descriptions, I was able to work remotely with him to provide a detailed appraisal.

Estate Treasure Hunt

The mother of a family passed away in a nursing facility. The family home was part of a very large estate and had not been lived in for some time. The entire contents of the house, furniture, silver, art, clothing and more had to be appraised for IRS estate tax purposes. The appraisal contained more than 400 individual items.