Appraisals | Gulf to Bay Appraisals

Art Appraisals Made Easy

Whether you are seeking a written appraisal of your fine American Art or just trying to determine the current value of your collection, the first step is to contact a qualified appraiser who specializes in American Art. Working with an appraiser should be a pleasant experience. You can search through the websites of recognized appraisal associations such as the Appraisers Association of America, Inc.; American Society of Appraisers; and the International Society of Appraisers.

General knowledge is not expertise:

A qualified appraiser should contract for appraisal work only within the areas of their specialization, professional experience and competence. No appraiser can possibly be an expert in every area of the art world. Auction houses may give you their idea of value based upon what they think it can sell for at auction. These values are generally given in a range (i.e. $ 50,000-$ 75,000) which is an “estimate” of what they hope they can sell it for at public auction.

After an initial communication to establish what type of appraisal is needed (for insurance replacement value, fair market value for estate planning or donation to a museum or other institution) an appointment will be made to inspect the painting in your home or place of business. Appraisals that are done long distance by images or photographs are not truly complete and must state within the appraisal the departure from the rules. Such qualifications may affect an appraisal from being used in the future in certain circumstances particularly when submitting the appraisal to the I.R.S. which now requires a physical inspection for tax deduction and/or an estate evaluation. A personal inspection also gives the appraiser much more pertinent information in order to establish the artwork’s true value.

A proper appraisal is not a five minute inspection or an email:

Experienced appraisers know what to look for that may not be apparent to others. Sometimes condition is not what you can see, but what you can’t see with the naked eye. A visual inspection under the ultra-violet light by an appraiser who understands and has experience evaluating condition can reveal many hidden issues regarding the artwork. This first hand information is essential to an appraiser when researching comparable works of art. While appraisers are not conservators they will often be able to determine what, if any past restoration was performed.

Written Appraisals:

An appraisal document is a signed document with images included that establishes the value of your artwork. It is prepared in accordance with the guidelines of their respective appraiser’s society and to comply with the Uniform Standards of Professional Appraisal Practice. As of August 17, 2006 there are new guidelines pertaining to “qualified appraisals” and “qualified appraisers”. Gift and estate appraisals must now be completed by an appraiser who has “earned an appraisal designation from a recognized appraiser organization” and must be “conducted by a qualified appraiser in accordance with generally accepted appraisal standards….consistent with the substance and principles of USPAP”

Appraisal documentation includes a full description of the artwork, images, biographical information on the artist, provenance (when available), an assessment of quality and condition as well as retail, private and/or auction records for comparable artwork.

Insurance Replacement Value:

This type of appraisal reports the amount/value that would be required to replace a work with another of similar age, quality, origin and condition within a reasonable length of time in an appropriate and relevant market. Copies of this type of appraisal can be furnished to your insurance company for your scheduled fine arts policy in case of losses due to fire, theft, damage, flood, etc.

Fair Market Value Appraisals:

As defined by the IRS, an FMV appraisal is “the price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having a reasonable knowledge of relevant facts.”

Additional types:

Other types of appraisals can be written and tailored for specific circumstances when required for estate planning, object donation to a recognized museum or institution, collateral, and liquidation of property and forced sales.

All appraisals are held in strict confidence:

Written appraisals and copies of such should be furnished to you and only to you.

A proper appraisal is not a five minute inspection:

Appraisals are not simply someone making an educated guess as to value. True appraisals are based upon comparative price research, using published international auction records for all works by the artist, dealer’s prices, lists and verbal quotations for other works by the artist, the appraiser’s personal knowledge of private transactions concerning the artist’s work and market activities of collectors, dealers, and institutions interested in the artist’s works.

Experienced appraisers know what to look for that may not be apparent to others. While paintings can often look as if they are in good condition, an appraiser will be able to review the painting physically for signs of provenance and age to help date a painting. Additionally a qualified appraiser will generally have a lot of experience in examining the condition of a painting including signs of restoration under a ultra-violet lamp. While appraisers are not conservators they will often be able to determine what, if any past restoration was performed.

A physical inspection of condition is often essential to verify the important criterion that goes into writing an appraisal report:

Sometimes condition is not what you can see, but what you can’t see with the naked eye. A visual inspection under a ultra-violet light by an appraiser who understands and has experience evaluating condition can reveal many hidden issues regarding the artwork. This first hand information is essential to an appraiser when researching comparable works of art.

To properly ascertain the value in the current market requires several hours of research and report writing are required for any work of art. Many on-line appraisal services offer “appraisals” by email for a small fee. However, this is not the standard for professional appraisals and in general may not be accepted by some insurance companies and will not be accepted by the I.R.S. A quickly rendered opinion is not a full and complete appraisal.

What on-line appraisal services really offer is a Professional Opinion of Value (POV). However, you should understand that a POV is not an appraisal, but something distinct and less than a formal appraisal due to the extraordinary limiting conditions under which such professional services are offered so that you may determine whether or not the cost of a full written appraisal would be warranted and worth the cost to you. A POV is a work product that is not based on first-hand inspection, that it is not fully researched, that it is not an authentication, that it is not intended for anything other than information use and specifically is not intended for insurance evaluation, loss claim, resale, auction, fair market value, or any type of tax or financial purposes. It does not take into account specific market issues or trends, or any other important criteria that can affect value. It is only an opinion, professionally rendered, but not duly and/or fully researched which should not be used for any purpose other than your own information.

Fees:

The fee for a written art appraisal should never be based upon the value of your art. It is unethical for a member of any of the established and recognized appraisal associations (Appraisers Association of America, Inc.; American Society of Appraisers, etc to base their fees upon the value. It is set strictly upon an hourly, daily or flat fee required for research and report writing in addition to any travel expenses incurred which is always agreed upon by signed contract prior to the undertaking of any appraisal. A formal written appraisal may require or warrant a personal visit to inspect the artwork.

Two (2) original signed copies of the appraisal with digital images should be furnished upon completion of the report to you and to you only. A read-only copy can usually be furnished on CD upon request as well.

No guarantee of authenticity, attribution or authorship is made:

Appraisers are not authentication services. Though appraisers who are experts in their specialized field will attempt to the best of the appraiser’s ability to accurately assess authorship, the appraisal is based only upon the readily apparent identity of the item as described herein and no guarantee of authenticity, attribution or authorship is ever made.

No investigations are made into the legal and equitable title to the property appraised. The stated value presumes that a sale would not be encumbered by liens or fractional interest.

An appraisal is not a representation or warranty that the painting will realize the value if actually sold.

Article Source:
http://EzineArticles.com/?expert=Ellery_Kurtz

Where may I find “antique glass appraisals”?

Question by Jera: Where may I find “antique glass appraisals”?
Arcoroc pink swirl glass

Best answer:

Answer by romanyvardo
I have two ideas for you:
Go to any good bookstore, to the antiques and collectibles section and look for books by the Kovels (a husband and wife team) They do lots of price guides for items like yours, with photos and all.
Another way is to go on Ebay and search for your item. See what people are asking and paying for it. Be sure to click on the Completed Auctions link and you will see what lots of people have actually paid for your item in the past.

Give your answer to this question below!

Home appraisals

Home appraisals

The value of a house, business, office location or rental property is calculated using a variety of methods and any given property’s value can be different depending on its intended use or on the reason for the valuation. Such methods to determine the approximate legitimate value for any property is called a home appraisal. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location – which is one of the most important determinants of their value. Out of the many important procedures that you would undertake as part of a property purchase, appraisal comes out as a very critical aspect of the entire process, as it determines if the money you are paying to purchase the property is actually the correct worth of that property.

Appraisals are carried out depending upon the condition of the property. There is often the chance of confusing inspection with appraisal, but these are two different approaches to the same property. While inspection is more physical oriented, as it examines the structure and strength of the house, the appraisal is very financial in nature, as it calculates the worth of the house taking into consideration the amenities provided as well as the defects that exist in the house. The inspectors’ report is sometimes referred to by the appraiser to calculate the final value, though this is not a rule. Appraisals come in three different ways. This can either be the sales comparison approach, the cost approach or the income approach. Sales comparison approach, as the term suggests, is a comparison of recent sales of similar properties in the same locality, and this is taken as a basic criterion, from which the final price is derived. The cost approach is more apt for newly constructed homes, as the value of the house in terms of construction is added to the market value of the land and a final price calculated. The income approach is used to value commercial and investment properties. This is because it is intended to directly reflect or model the expectations and behaviors of typical market participants and hence, this approach is generally considered the most applicable valuation technique for income-producing properties, where sufficient market data exists to supply the necessary inputs and parameters for this approach.

Some important pieces of information that are part of any appraiser’s report are related to the property details like land measurements, evaluation of real estate market in the area, advantages and disadvantages of the property, availability of basic necessities like water, sewage lines or transport facilities as well as an estimate of average appreciation expected over a period of time.

For great homes in Carefree, AZ check out Carefree Houses for Sale and Real Estate in Carefree AZ

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Home Appraisals And Why They Are Needed

A home appraisal can be a very important tool for the real estate investor. An appraisal is a neutral third party assessment as to the value of the property in question. An appraiser will look at the property inside and out, as well as properties that are similar in the same area, and make a determination as to how much the property is worth, or the value of the property. A real estate appraiser normally has gone to school or taken courses to learn how to estimate the value of a property.

A home appraisal should be done for the protection of both the buyer and the seller. An appraiser should determine the value of the home without any pressure from the buyer or the seller. An appraiser should be impartial and not receive payment from one side or the other. Normally the lending company will have an appraiser come out before the loan is approved and give the appraised value. This value is what the bank or mortgage company will go by in determining the amount of the loan.

Investing in real estate without having a property appraisal done is not a smart move. Without an appraisal, you could end up paying too much or asking too little. The appraisal gives you a basic idea of the value of the property before you invest in it. If the property is only appraised at one hundred thousand dollars, but the asking price is more than this, then negotiations will have to take place between the buyer and the seller to settle any differences in the price and the actual value of the home.

There are a few different ways that an appraisal is done. These methods are the cost method, the income method, and the sales comparison method. The last method is the one that is used most frequently to appraise residential real estate investments, because it is considered the most accurate method. The cost method of appraisal takes into account the estimated cost of improvements to the property, plus such factors as the deterioration of the materials involved, and then considers the value of the land. The income method of appraisal for real estate investing is mainly used for properties that will produce an income, and this method is based on the amount of income that the real estate investment will provide. The third appraisal method is the sales comparison method, and this method compares the sales prices of properties that are similar and have been sold recently. This is the most popular method of appraisal for real estate.

A home appraisal is needed to protect everyone in the transaction. If there was no appraisal then neither party would know what the actual value of the real estate investment is. This protects the buyer from paying way too much. An appraisal also protects the seller from asking too little for the property. If the house is appraised at $100,000, then only a fool would try to buy it at $150,000. An appraisal tells the actual value of the property and what the market worth is. No one with any real estate knowledge would invest in real estate without having a neutral appraisal done.

Joel Teo writes on various financial topics including Las Vegas Real Estate. Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.info

The number one reason why homes do not sell as fast as they are needed is because the price is too high.Â Most home owners try to get as much as they can from the house they’re selling, but the without a professional appraisal, people often overestimate the value of their home.Â Whether you’re buying or selling a home, you want the best buy. One of the most important things you can do if you are selling or buying a home is get a home appraisal.

The first thing most buyers tend to do is look for house they like and see whether or not they can afford the house.Â They often don’t even think about getting the house appraised.Â If you are out to buy a house, you need to know the value of a home before you buy it.Â Don’t rush into making an offer, you don’t want to pay too much for it.

If you are selling a house, you need to find the accurate value of your house before you set a price.Â Determining the price of your house is very important when trying to sell one in this economy.Â If you price a house too much over the actual worth, your house won’t get any traffic.Â Most buyers will need to get an appraisal before they can get loans for the house, so you wouldn’t want them finding the true value of your house before you do.

Home appraisals can be conducted by a professional appraiser, a real estate agent, or even get your home appraised online.Â With a real estate agent and an online home appraisal, you won’t have to expect much.Â Real estate agents will most likely know what the true value and they will price your home at that price.Â Most realtors know the market quiet well, so their appraisal will have a small margin of error.

If you choose to have a professional appraisal come in, then you can expect them to come over for about two hours or so, depending on your house.Â The appraiser will come to your home and take pictures of the interior and exterior of your house.Â They will measure your house both inside and outside to get the land size of your property.Â They will also view each room and look for any upgrades and problems that your home may have.Â Afterwards, the appraiser will pack up and go back to their office where they will look for houses similar to yours that have been sold in the last few weeks.Â With that information is where they will calculate your home value and create a report for you.

Whether you choose a professional appraisal, a realtor, or an online appraisal, it is important you get one before you make an offer on a house or set a price for your home.Â The process is painless and won’t be much work for you.Â The price for an appraisal ranges from $250 to $600.Â So before you sell or buy a house, you need to get an appraisal to get the best buy.

For more information about property appraisals, please visit http://www.alberreappraisalgroup.com

Salem Hassan is a business marketing director for BreezeGoSEO.com, an Internet Marketing Agency. Salem writes on a wide spectrum of topics related to family, business, consumer best interests, marketing, and other related topics.

Home appraisals for settling an estate is not an easy process after the death of a loved one, legally and emotionally, this presents different variables when taking control of all possessions left. From all the posterior decisions about the beloved one’s wealth, it is important to derive this precept, that a certified estate layer is the right person to assist and advice all the process involved in the distribution of property and possessions. Obtaining a home appraisal for settling an estate is the most accurate procedure when making decisions that affect family members, friends, and other associates. In this respect, estate appraisers in Baton Rouge are the best solution to obtain a home appraisal to make this process easier and fairer to all people involved. Baton Rouge estate appraisers are a great deal of the estate settlement process since they accurately determine a property’s value. Given all the variables involved in the process such as emotions and speculation, estate appraisers Baton Rouge can provide detailed official documents concerning the value of an estate. Certainly, this appraisal is done through reliable and clear studies of the property so that there is no place for conjectures or disputes among heirs and/or tax agencies. Certainly, this will help to simplify all solutions about current taxes and to appraise inheritance tax liability, if necessary. There are certain characteristics of property appraisals, of which the unknown factors significantly affect the estate settlement process itself. In this sense, estate appraisals are not absolute since there are certain characteristics out of the appraiser’s reach. Great affairs of state such as economic recession have shown how well-made appraisals can become imprecise or obsolete after some months or weeks. Nonetheless, estate appraisers Baton Rouge rely heavily on fundamental variables like lot size, property’s age, number of rooms, amenities, and geographic location. Subsequently, these variables are compared with other properties appraised in order to adjust values. Baton Rouge estate appraisals always include detailed documentation concerning the settlement process of the given property. These documents clearly explain how the estate was valued by taking into account all its characteristics and variables. This process is followed through special standards, depending on the property and the reasons to appraise it, estate appraisals Baton Rouge follow the right one. In relation to this, it may be suggested, that services from Baton Rouge estate appraisers provide amiable and effective estate appraisals. Baton Rouge home appraisals are important when settling estates simply because they serve as neutral mediators in the final settlement of a property’s value. This way, people involved will always get the fairest part of any estate left by someone. A good way to accomplish this process is to get the services of a certified local appraiser who clearly understands the area. In this case, Baton Rouge estate appraisers are the perfect choice when looking for home appraisals in this specific area. In brief, estate appraisers in Baton Rouge have the knowledge, experience, and impartiality required to yield accurate estate settlements. Given the fact that they have nothing to gain or lose in any estate settlement process, all individuals involved in the process will obtain more benefits.

WilliamD Cobb, CREA, with Accurate Valuations Group, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 18 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser in East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish.

A home appraisal estimate is important for both land buyers and sellers. It can give you proper and latest information about the existent market value of your property (in case you are selling your holding) and a real indication of the on-going condition of the real estate market (if you are purchasing a house).

In case you are a real estate purchaser, you can get profit from a home appraisal estimate in various ways. it will give you an outline if the resources you have set aside for purchasing a new home is enough. In case you plan to apply for a bank loan or a mortgage, a home appraisal estimate is very important. Nearly all of the banking concerns count this one of the standard papers needed in the mortgage valuation process. Since an authorized appraisal value of home is overpriced, you can 1st obtain one from a free online appraisal service. The real estate market measure will be true enough to allow you project your further funds. Yet another effective reason to acquire a property appraisal prior to buying place is to be able to give a best offer to the marketer. Some people make offers lead exclusively by the home sales price declared by the buyer. However it may be a lot higher than the real price of the land in subject.

A home appraisal estimate is also essential for any house marketer. One of the biggest challenges in selling a house is to value it considerable. Ideally excessive cost can result in disinterest by the buyers and a price too low will not only hack your gains but make you lose funds. A correctly stable market price corresponding to the real property value results not just in immediate reversion but in having a profit of your property.

Proceeding up-to-date with home values in your area or areas where you would like to move is also important for capable sellers and coming buyers. Real estate market prices tend to transform overtime due to many reasons. The most common one is the modifications in the property market but other factors such as positive or negative changes in the choosing of the site can also effectively influence property prices. Getting a home appraisal estimate done time-to-time will give you great understanding about the market price fluctuations and even for the market style. This way you can choose the finest time for purchasing or dealing your property.

Selling home in California then find out ?what is my house worth now?? Visit Comps4California.com to get reasonable human generated appraisal
value of home.

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Home Appraisals Explained

In real estate, determining the market value of the property is very important. Sellers, buyers and even lenders commonly use this in making financial decisions. Sellers may lever their prices for selling from the market value. Buyers may also use this value as a determining factor for the affordability of the property. Lenders use the market value as the determining factor for the security of their investment.

But the question is how can one determine the market value of the property. The best way to do this is through Home Appraisal.

Home appraisal has been one of the most sought after transactions in real estate. The quality of its results can help determine the full potential or use of the property.

To get the best appraisals, one must be able to hire a licensed and experienced appraiser, who has full knowledge about the local real estate market. Once hired, they can inspect the place and record the features of the property and make observations as to its condition.

Market value is then determined by using 3 approaches. They are sales, cost and income approach.

Sales Approach

This is one method for valuing residential properties. The sales approach is easier to do because it makes use of comparable (otherwise known as comps) for the valuation. The appraiser would pick out 3 or 4 properties with similar features and situated within the same locality or neighborhood. These properties are picked out from the list of recently sold homes (within the past 6 months).

Cost Approach

Newly constructed homes, commercial properties and properties with less qualified comps are most valuated effectively through this method. Cost approach makes use of formulas that take into account the dollar value of replacements if the property becomes defective or destructed. The value of the land will also be considered in the calculation, as well as building depreciation.

Income Approach

This is another popular method to valuate commercial properties. This involves the process of capitalization because valuation will be based on the property’s ability to generate income.

Home appraisals are not home inspection. Although the activities are similar but the essence of doing this transaction differ in many ways. Home appraisal is for the determination of the true value of the property. On the other hand, home inspection involves testing and checking of structures, as well as formulation of recommendations on how to fix the problem. An appraiser purely focuses on the value of the property and he or she does not have the expertise to recommend repairs for a particular defect.

Obtaining an appraisal may be expensive but certainly, it is worth having. However, consumers are forced to pay for it because it is one of the lender’s requirements for mortgage application.

The lenders normally own appraisal reports in mortgage. You can obtain a copy of the report if you make a request in writing. For people, who are not applying for a loan, you can obtain the appraisal independently. One piece of advice: make sure you go for reputable companies to do the job for you. Cheap services usually do not give you quality reports. If you want to make the best decisions in real estate, always determine the real market value of the property derived from quality appraisals.

Learn more about real estate in Property for Sale in Estates at Spectrum and Estates at Spectrum Homes for Sale.

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What to Expect at Home Appraisals

Whether you are selling your home or refinancing, you’ll probably getting a call from an appraiser. Their job is to determine the fair market value of your home based on guidelines set out by the Federal National Mortgage Association. This is not the same as a competitive market analysis that many real estate brokers perform, sometimes referred to as “comps”. The professional appraiser does an in depth analysis of you home’s condition, additional features as compared to other similar homes, and location.

They start by looking at you neighborhood and find comparable homes that may have sold recently, characteristics of lifestyles, income level in the area, average age, and surrounding home values. So if you home has 4 bedrooms, 3 bathrooms, and a 2 car garage on a half acre of land, they will try to find a similar home in a nearby neighborhood. Sometimes they will extend their search and compare homes within the same school district when it is a known factor that affects the value of a home.

Once they find comparable properties, they will make some adjustments. Sometimes they will add value to your home based on the landscaping, external features such as a fenced back yard, or maybe there is view of the ocean. Numerous items may be added or subtracted from your home’s value. Living space, numbers of rooms, sales in the last 120 days, usable land, and many other factors are considered. Rest assured it is not an entirely subjective process, but rather methodical and universal.

They don’t consider your choice of wallpaper and curtains. They don’t care if there are 200 toys laying in the family room or that you didn’t make you bed. Of course it doesn’t hurt to tidy up a bit, but it’s not really a factor in determining the appraised value of your home. They are there to measure boundaries, going to each level in your home and looking in all the rooms, and taking more measurements. A few pictures are taken only for the appraiser’s folder which will go in a file.

Normally, if you are buying a home or refinancing, you can let the lender know if you prefer a particular appraiser or company. You can ask any real estate broker if they can recommend someone to you as well. A qualified appraiser is licensed by the state and will cost from $150 to $500 or more depending on the size of the home.

If you are selling your home, the buyer normally pays for this. However, it wouldn’t be a bad idea to get an inexpensive online appraisal. You can find one of the better instant online appraisal companies at Online Home Appraisals.

Robert Rogers is a writer in the Washington DC area. For more free tips and resources, visit his website
Home Appraisals Online

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Why to Choose Real Estate Appraisals

A real estate appraisal will help you to establish the market value of the property, your lender needs an appraisal when you ask to make use of the house or other real estate as a safety for the loan, as it needs to made sure that the property will sell for the least amount of money. Here is some more information about appraisals and appraisers. Appraisers are licensed individual company, after completing the internship and coursework that would familiarize the real estate markets. A lender may use the appraiser on a contact with an independent appraiser. So if you can choose an appraiser, and it isn’t someone the lender is familiar with, the outcome will be subject to review before they are accepted. An appraiser has to be an objective third party, someone who has no capital or any other connection to any individuals involved in the transaction.

So what will you notice on a residential appraisal report? Basically, appraisals are very detailed reports but there are few they that will be mentioned. There will be details about the subject property, along with comparisons of similar properties. An estimation of the overall real estate market in a particular area will be mentioned along with the average sales time of the property. Apart from this, a notation regarding serious flawed characteristics such as crumbling foundation and what type of area the home is located; these are the information which will be mentioned in the appraisal report.

The security and reliability of loans obtained by real estate, depends on the sufficient underwriting support of the transaction and thorough ongoing account management. Assessing the real estate collateral is an essential part of these processes which, consists of either a valid real estate evaluation or appraisal. This article generally looks at the appraisals; the interagency guidelines need examiners to study the regulated institution’s written real estate lending policies to make sure their consistency with safe and sound banking practices. The guidelines say that, a real estate lending program should take in an appropriate real estate evaluation program and appraisal. In fact, an institution’s board of directors is liable for adopting the procedures and policies that establish effective real estate appraisal programs and evaluation. The institution’s location, its size and the nature of its real estate associated activities are considered when assessing the adequacy of its programs.

Mejo is a Copywriter of premier appraisal group He written many articles in various topics. For more information visit: appraisal residential Contact him at premiersappraisal@gmail.com