A Scottsdale Auction House’s research staffers and appraisers accumulate knowledge of value by regularly monitoring their own and other auctions around the country. This article will discuss appraisal services at a Scottsdale Auction House as well as answer frequently asked questions regarding appraisal services.

Q: What is an appraisal?
A: An appraisal is an educated opinion, using sound research and experience for the conclusion of value of property.

Q: Why do I need an appraisal?
A: Courts, insurance companies and banks often require appraisals of property to determine value for legal purposes. For example, if you have a certified appraisal of your personal property and make an insurance claim for loss – the insurance company will be bound to your appraisal value when making a settlement on your property loss. Without an appraisal it is your word against the insurance adjuster’s estimate.

Q: Will you testify in court if I need an appraisal defended?
A: Yes, as certified appraisers are often requested by the courts to explain and defend appraisals. They should always have a copy of your appraisal report at their offices and can refer to those documents for a period up to fifteen years. However, the courts typically prefer appraisal reports that are prescription cialis online less than five years old. A Scottsdale auction house should send you a reminder to review your appraisals every five years.

Q: Do I need an appraisal in order to sell my property at auction?
A: No, a valuation is always set by the auctioneer before offering anything for public sale at auction. And the auction method of marketing allows the market to set the price for real “market value”.

A Scottsdale auction house’s professional appraisals are typically based among other factors on auction sale pricing comparables. By regularly monitoring their own and other auctions around the country, a Scottsdale auction house’s research staffers and appraisers accumulate knowledge of value. Thus, their appraisals are timely, accurate and fully supportable.

A Scottsdale auction house commonly bases their professional appraisals on three critical elements:

– A comprehensive database of comparable recent sales. This is an invaluable tool that helps us make predictions about potential value. Auction Systems’ staff of appraisers and researchers invests considerable time in gathering and updating this information.

– Knowledge of the marketplace, the realities of the buy-sell equation, and the likelihood that a particular collection of assets can be readily converted into a specific amount of cash. This quality is a function of experience, which all of our appraisers possess.

– Respect for the professional appraisal function as more of a science than an art. Accuracy is vital. If the appraisal is too conservative the bank may refuse the loan and both parties will suffer. If the appraised value is too high and the business should later fail, the bank will not be adequately protected. It is a precise business and Auction Systems understands that making an appraisal is a major challenge and we it very seriously.

Valuation Concepts Properly Applied
In professional appraisal activities, a Scottsdale auction house should serve all segments of business and financial communities. They should structure appraisals pursuant to mergers, acquisitions and divestitures, asset-based financing, allocation of purchase price and insurance studies. They should Kamagra Gold also offer appraisals to resolve the difficulties of ad valorem tax issues, pre and post-acquisition financing, current value accounting and estates.

A Scottsdale auction houses prime consideration should be proper estimation of value, whether your appraisal involves real property, personal property or inventories. With a Scottsdale auction house’s professional appraisal, you can be assured that the valuation concept utilized is appropriate and that every value quoted is accurate and fully supportable.

Author Bio: Deb Weidenhamer is CEO of Auction Systems, the Southwest’s most active auction and appraisal company. Check out our Scottsdale auction house, or call 800-801-8880 for more information.

Category: Culture and Society/Consumer
Keywords: Scottsdale auction house