To Do List Before Getting an Appraisal for Furniture
If you have furniture that you either need to sell, would like to sell, or are simply needing to know the value of, getting an appraisal is how you will know what the item is monetarily worth. Surely, you’ll want to make sure that you get a fair offer or price value for your item. So, there are a few things that you can learn and administer before going about the appraisal process for your furniture items.
TYPES OF FURNITURE APPRAISALS
There are a few reasons that you may need an appraisal done. Knowing why you need an appraisal can help you determine the type of appraisal you’ll need. Types of furniture appraisals may include:
Insurance: In the case of natural disaster or another traumatic incident to your home like burglary, if you have insurance, your provider can compensate by providing the price of the lost or damaged items. But, to be compensated, they must know the value of your items. Getting an appraisal provides the monetary value of your furniture. This appraisal will identify the items condition, age, scarcity, and origin to determine its true value. After research on similar items with the same characteristics, an appraisal will be given. This information can be stored for safe keeping in the case the item is damaged or stolen so that the cost of the item can be repaid to you.
Market Value: In the case of wanting to sell, getting an appraisal can be as easy as going online or to the nearest antique store. Usually, these appraisals are done with minimal research and sometimes even on sight. Because these appraisals may not be exact value price, they can usually be bargained.
Estate Tax: When inheritance includes antique furniture, the federal government may wish to acquire appraisals to value the items for tax recording purposes. Usually, the appraisal will be performed by their own department and is based on appraisals of similar items.
WHO SHOULD I BE GETTING AN APPRAISAL FROM?
If you need an appraisal done, there are a few things that you should consider before choosing. Of course, you want the highest price for your item, so you’ll need to keep your eye out for a trustworthy source for appraisals. Before choosing an appraiser, find out;
- If the organization or individual has experience appraising items similar to yours.
- Search testimonials or reviews from previous customers that have gained appraisals for similar items.
- Do not sell an item to an individual appraiser. Individual appraisers should not have a say in your investments if they benefit from them as well.
- Ask the appraiser to provide proof of information like certifications and licensing to appraise items like yours.
- Don’t rush; if you aren’t comfortable with an appraiser, you should find someone else. Trust your instincts and decide with someone whom you are sure to give you a fair price.
GETTING AN APPRAISAL FROM 4 SEASONS AUCTION GALLERY
Here at 4 Seasons Auction Gallery, we couldn’t do what we do without the help of appraisals. Our appraiser, Charles Pharr, is a Certified Professional Appraiser of Personal Property by the International Society of Appraisers, the most highly renowned and largest appraiser certification organization. Also, Pharr holds the title of Certified Appraiser of Personal Property, which is the highest designation of appraisers possible. Pharr specializes in appraisals of antiques, fine art, and residential contests. Currently, our appraisal services include:
- Insurance appraisals
- Appraisals for tax deductions on donated items
- Estate tax appraisals
- Divorce appraisals
- Business termination appraisals
- Fine art appraisals
- Antique appraisals
- Automobile appraisals
- Furniture appraisals
Knowledge appraisals (done for personal knowledge of how much an item is worth)
If you’d like to have an appraisal done by a reputable company and individual, then the 4 Seasons Auction Gallery is the place to come! Whether you want to sell your item through our consignment or auctions or just need the appraisal, we can help! Get the price for your item that you know you deserve! If you have any questions about our other services or appraisal process, please give us a call today at (470) 589-1653 or contact us through the form on our website.