Personal Property Appraisal
Personal Property Appraisal
A personal property appraisal is a professional assessment of the value of tangible personal items such as furniture, jewelry, art, antiques, collectibles, electronics, vehicles, and household goods.
This is not the same as a real estate appraisal, which evaluates land or buildings. Instead, a personal property appraisal focuses on movable items that are not attached to real estate. We offer appraisals virtually and in person.
Why Get a Personal Property Appraisal?
- Some common reasons include:
- Estate settlement for probate or inheritance distribution
- Insurance purposes — determine replacement value or verify claims
- Divorce proceedings — division of assets equitably
- Donations — determine fair market value for tax deductions
- Selling items — establish fair asking price
- Equitable distribution among heirs or business partners
How it works:
- A certified personal property appraiser will:
- Inspect items — in person or through photos.
- Research market data — analyze current and recent comparable sales.
- Assess condition, age, maker, provenance, and other factors.
- Provide written appraisal report — detailing each item description and value, as of a specific date.
Types of Value Assessed:
- Fair Market Value — what an item would sell for in an open market
- Replacement Value — cost to replace with a similar item, often at a higher cost
- Liquidation Value — value of item in a quick sale or auction
Virtual Appraisals
We offer personal property appraisals, both virtually and in person.
We know that not every appraisal can be done onsite due to logistics or time. We offer remote, virtual appraisals to make it easier for you!
We will connect with you through video chat and look at any property you want appraised. If you would prefer to send photos, we will request specific photos to make a determination of value.
If you are not quite ready to liquidate but want to get a sense of your property’s value, get in touch!
