Carnaby Estate Sales has been providing appraisal services for over 20 years. Because of our involvement with both on-site sales and the constantly changing international online market, our knowledge of current market values for antiques, collectibles and household goods is unparalleled in the WNY area.
Types of Appraisals
There are two types of appraisals:
1. Insurance Appraisals
This type of appraisal is what is known as a fair market value appraisal, and sets a value to replace each item in the estate at current retail prices. It is also known as a replacement value appraisal. We can do a partial appraisal of the more valuable items in a home, or appraise the entire estate right down to the linens and clothing.
This type of appraisal is usually done for insurance purposes, or when an estate is being divided among inheritors and tax issues are involved. We follow the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines, which are accepted by the Internal Revenue Service, tax and estate planning professionals, insurance firms, and courts.
You will receive a bound copy of the appraisal, with photos of all items, along with a description and value for each item. You will also receive a cd containing the same information in pdf format.
2. Cash Value Appraisal
This type of appraisal gives you the figures you could expect to sell items for at an estate sale, through a dealer, online, or at a local or regional auction. Many times when we do an estate sale, we are asked by the executor to value certain items for immediate cash value before they are distributed to family members. We can also do an appraisal for an entire estate this way when the estate is being totally distributed among relatives, to ensure that the correct values are on record for the probate attorney. This type of appraisal is also commonly used for divorce settlements and estate bequests for tax valuation.
Values with this type of appraisal will be far lower. A good general rule of thumb with any kind of estate sale or cash value appraisal is that the immediate sale value is 10-40 percent of the original sale price for normal household goods and furniture. Obvious exceptions are items that may have risen in value such as art, fine jewelry, and some types of highly collectible furniture.
You will receive a bound copy of the appraisal, with photos of all items, along with a description and value for each item. You will also receive a cd containing the same information in pdf format.
Appraisal Fee
Appraisals are charged on a hourly basis at $75 per hour, including transcription and research time.
If you are planning to have an estate sale, our initial consultation for that is free as always!
Give us a call today at 716-860-1550 to schedule.
Types of Appraisals
There are two types of appraisals:
1. Insurance Appraisals
This type of appraisal is what is known as a fair market value appraisal, and sets a value to replace each item in the estate at current retail prices. It is also known as a replacement value appraisal. We can do a partial appraisal of the more valuable items in a home, or appraise the entire estate right down to the linens and clothing.
This type of appraisal is usually done for insurance purposes, or when an estate is being divided among inheritors and tax issues are involved. We follow the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines, which are accepted by the Internal Revenue Service, tax and estate planning professionals, insurance firms, and courts.
You will receive a bound copy of the appraisal, with photos of all items, along with a description and value for each item. You will also receive a cd containing the same information in pdf format.
2. Cash Value Appraisal
This type of appraisal gives you the figures you could expect to sell items for at an estate sale, through a dealer, online, or at a local or regional auction. Many times when we do an estate sale, we are asked by the executor to value certain items for immediate cash value before they are distributed to family members. We can also do an appraisal for an entire estate this way when the estate is being totally distributed among relatives, to ensure that the correct values are on record for the probate attorney. This type of appraisal is also commonly used for divorce settlements and estate bequests for tax valuation.
Values with this type of appraisal will be far lower. A good general rule of thumb with any kind of estate sale or cash value appraisal is that the immediate sale value is 10-40 percent of the original sale price for normal household goods and furniture. Obvious exceptions are items that may have risen in value such as art, fine jewelry, and some types of highly collectible furniture.
You will receive a bound copy of the appraisal, with photos of all items, along with a description and value for each item. You will also receive a cd containing the same information in pdf format.
Appraisal Fee
Appraisals are charged on a hourly basis at $75 per hour, including transcription and research time.
If you are planning to have an estate sale, our initial consultation for that is free as always!
Give us a call today at 716-860-1550 to schedule.
