Personal Property Appraisal
PERSONAL PROPERTY APPRAISAL SERVICES
A personal property appraisal is an assessment of the value of tangible personal property, such as art, antiques, jewelry, furniture, collectibles, and other items of value. The purpose of the appraisal may be for insurance, estate planning, tax, or charitable contributions.
An appraiser who specializes in personal property will conduct the appraisal. They will typically begin by examining the item or collection of items to be appraised, noting any identifying characteristics or features, and assessing the condition of the items. They will then research comparable items that have sold recently, either at auction or through private sales, to establish a value range for the items being appraised. They may also consider factors such as provenance, rarity, and historical significance in determining the value of the items.
Personal property appraisers will typically use a variety of resources to conduct their research, such as auction records, price guides, and databases of recent sales, and will also consult with other experts in the field as needed. The appraiser will typically provide a written report outlining their findings and the value of the items being appraised.
Personal property appraisals are important for legal, financial, and estate planning purposes, such as insurance claims, estate planning, tax, and charitable contributions. Appraisers who conduct personal property appraisals must have the appropriate training, education, and qualifications in the field of personal property appraisal and often hold professional designations such as ASA (American Society of Appraisers), USPAP (Uniform Standards of Professional Appraisal Practice) compliance and ISA (International Society of Appraisers) credentials.
EDS holds the only RICS Expert Witness Accreditation Service (EWAS) and Dispute Resolution Service (DRS) Certifications
in the Western Hemisphere—one of only a handful of such Certifications in the world.
EDS is an Elite-Rated member of the peer-voted Super Appraisers® Global Network of internationally-recognized appraisal luminaries.
EDS has prevailed in billions-of-dollars at issue in some of the world’s most complex— important—high-profile—and valuable—valuation litigation.
EDS’ internationally accredited Personal Property appraisal experts provide appraisals of tangible movable property that is utilitarian, collectible, decorative, or a combination of the three for specific purposes such as insurance, estate tax, damage claims, donation, sale, dissolution of marriage, and equitable distribution.
Our personal property appraisal clients enjoy and benefit from our proprietary real-time global machinery and equipment transactions database. Our moveable property appraisers work onsite to create detailed equipment lists and pair this knowledge with in-depth market analysis driven by our proprietary network of industry contacts, the depth of experience from the largest ASA/RICS accredited MTS team in the industry, as well as the direct recovery experience of our commercial/industrial disposition experts, who have handled the disposition of billions-of-dollars of commercial/industrial assets.