Chances are, you have all kinds of potentially valuable items hiding in your closet, under your bed or in your garage, but there’s no way of knowing just how much value these items hold until you actually get a professional personal property appraisal in Maryland. If you’re curious about the value of some of your possessions, it’s a good idea to consider investing in appraisal services from a professional. However, it’s also smart to take some time to learn about appraisals so that you know what to expect before you begin the process.
How do appraisals work?
An appraiser is a professional who specializes in assessing the value of various personal items. Appraisers adhere to an approved set of standards, known as the Uniform Standards of Professional Appraisal Practice, which outlines various guidelines for appraising items. Using these guidelines as well as the past sales information, condition and history of the specific item, an appraiser will assess its value. In some cases, an appraiser will get a second opinion or guidance from a historian or other expert professional who can authenticate the item and give the appraiser more insight into its potential value.
What can an appraiser evaluate?
There is a wide variety of items that you can have evaluated by an appraiser, including expensive jewelry, antiques, artwork, silver, collectible items, watches, porcelain items and china. For the most accurate appraisal, make sure you provide the appraiser with as much relevant information as possible, including the purchase price, the approximate age of the item and any information you have regarding its background and origin. Even when little background information is available, appraisers are trained to provide accurate evaluations.
While all appraisers should be able to provide you with accurate value estimates, it’s important for you to be careful when you hire someone to perform personal property appraisal in Maryland. You should make sure that your appraiser has plenty of experience evaluating items that fall under the same category as the one that you need to have appraised. You should also find out about the training and credentials that your appraiser possesses, and look for reviews and testimonials from previous customers. Make sure that you establish an appraiser’s qualifications before you zero in on their rates. Consider the value that you will get from an appraiser rather than simply choosing the lowest bid.
Personal property appraisal in Maryland
If you’re looking for appraisal services for your personal property or estate, our team of experienced appraisers is here to help. We have been offering comprehensive appraisal, auction and deconstruction services for a decade and we continue to be the premier appraisal firm in the area. Our team has experience evaluating a wide range of items and properties, and we have the expertise and resources necessary to provide you with an accurate appraisal, regardless of what you need to have evaluated. Reach out to us today to find out more about what we have to offer and to get started with our services.