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What to look for...in a Professional Personal Property Appraisal Report
Confirm that "no prohibitive fees" are to charged for the report. In other words, no fees are to be charged which in any way relate to the value of the item(s) being appraised.
The fee should be a"flat fee" or a fee based on the number of hours required to complete the report. This might include: the actual inventory, research, consultation or the report preparation.
A Definition of Value appropriate to the type of appraisal.
Analysis of the Factors affecting value reflecting the appraiser's research in accordance with the standards required by government authorities.
The Appraiser's Qualifications page.
A complete and accurate Description of the Property.
A value for the appraised property substaniated by the report analysis.
The appraiser's signature.
The appraiser's statement that the appraiser does not have a financial interest in the appraised property.
Confirm with the appraiser that the report can be defended in Court if needed.
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