Col. Rodger Paisley Auctioneer
PAISLEY AUCTIONS
Auctioneers, Appraisers, Liquidators
Chester County Pennsylvania Auctioneers
Located in Downingtown, PA 19335   License AY001979

"Professional, Timely Liquidation Of Assets"

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About Appraisals

What is an appraisal?

A well documented objective and unbiased opinion of the value, for a specific purpose, as of a specific date, of a correctly described and researched asset, made by a qualified appraiser who has no undisclosed interest in the asset subject to limiting conditions, definitions and approach to value as indicated in the appraisal report.

An appraisal is a legal document as important as a will, and is the only way to accurately describe and value your property. A properly prepared appraisal by a certified, accredited appraiser will include a value conclusion that will clarify questions of property value under any circumstances.

An accredited, certified appraiser would prepare a cohesive, readable appraisal document that accomplishes its intended use with precision and technical accuracy. It will be prepared in accordance with the Appraisal Foundations Uniform Standards of Professional Appraisal Practice (USPAP).

What is personal property?

Personal property is tangible, movable property that is utilitarian, collectible, decorative or a combination of the three. These can be items such as paintings, china, antiques, sculptures, photography, vintage music posters, toys, commercial advertising, musical instruments, professional camera equipment, fine watercraft or automobiles, silverware, jewelry, wine or other collectibles.

What is a personal property appraiser?

A personal property appraiser identifies and provides a value for these types of objects. A personal property appraiser is a trained, objective and ethical individual the public can rely on to provide a competent, fair assessment of value. 

 

Types of Appraisals

Insurance Appraisals


To prove irrefutable possession at the date of valuation, provide needed protection in the event of a loss, and to assist in establishing proper insurance coverage.

If you are a homeowner, you will want to check your homeowner’s insurance policy in order to know what coverage limits exist on your valuables. There is a good chance that a separate policy schedule will be needed to cover certain items of value. Consult your insurance agent to determine if you need a personal property appraisal.

In our experience we have been witness to the disastrous effects of natural disasters on personal property. If your fine arts, antiques, or collectibles are not insured, you may be at risk of losing these items without receiving compensation. 

Charitable Donations

When claiming a tax deduction on charitable contributions of fine art, decorative arts, antiques, and other objects of art, the IRS requires that the donor obtain an appraisal by a qualified appraiser when the fair market value of individual items or group of similar items donated is more than $5,000. PaisleyAuctions performs donation appraisals in conformity with IRS requirements.

Estate Valuation & Estate Planning

To clarify questions of property value, facilitate the disposition of estate tax reporting requirements, assist heirs with distribution and/or de-accessioning property; to assist financial planners and related professionals in establishing a client’s net worth, and as a basis for judicious estate planning.

PaisleyAuctions performs appraisals for estate tax, gift tax, and estate distribution. We specialize in antiques, collectibles, fine and decorative arts, collector cars, and also in general household contents. Consult with your attorney or accountant who will advise you as to when you will need an appraisal.   

Division of Property 

Divorce (Equitable Division/Distribution of Assets)

A divorce is a trying time in a person's life but a personal property appraiser is indispensable for an equitable division of marital assets. In order to save time and money a property appraiser is the first professional the administrator, arbiter, or attorney should call.

Benefits of a mutually agreed upon personal property appraiser:

  • Negotiations are usually quicker and simple.

  • The values of assets are made irrefutable and acceptable to both parties.

  • Reduces attorney costs and litigation time.

Corporate

Corporate uses in this category include mergers/acquisitions, and loan collateral.

 

Need More Information About Appraisals? Check Our Frequently Asked Questions

 

 

PaisleyAuctions, Rodger Paisley CAI Auctioneer, GPPA Certified Appraiser, Downingtown, PA 19335
Serving Chester County, Bucks County, Berks County, Lancaster County, Montgomery County, Delaware County and the entire states of Pennsylvania, Delaware, Maryland, New Jersey and New York since 1987