An appraisal or valuation is a comprehensive report provided by a professional appraiser that provides an opinion of the value of property at any given time. Property can include jewelry, fine art, collections, antiques, collectibles, business assets or other personal property.
The McCurdy Approach
With 35 years of experience and education, McCurdy Auction has developed an expertise in determining true market valuations for all types of property. Our team of professionals will meet with you to determine your goals and objectives for the appraisal, allowing us to identify which type of valuation you will need. Types of values include:
- Fair Market Value for Charitable Contributions or Gift Taxes
- Market Value
- Marketable Cash Value
- Replacement Value - Comparable
- Replacement Value - Cost New
- Forced Liquidation Value
- Orderly Liquidation Value
- Value in Use and Actual Cash Value
How does the process work?
- Contact McCurdy Auction to discuss what type of services are appropriate for your needs and set an appointment to meet with our specialists.
- McCurdy will make arrangements with you for an assessment of the personal property. This may include taking or reviewing photos or video, inventory, discovering provenance, and examining the physical aspects and characteristics of value of the item/items.
- Research and analysis. Taking into consideration the client’s intended use and users, we will conduct the appropriate analysis in regard to market and value.
- McCurdy will provide a written report with documentation including photographs (video when necessary), description, condition, and value. Each appraisal is written in accordance with the report writing standards of the American Society of Appraisers (ASA), the Uniform Standards of Professional Appraisal Practice (USPAP) and IRS regulations (when required).*
*A typical appraisal report can take two to four weeks depending on the extent of the assignment and the appraiser’s schedule. At the time of completion, the client will be provided with two printed copies or a copy via email.
No two appraisal assignments are approached the same. We have developed a tiered system of appraisal services to better serve our clients.
TIER 1: Valuation Summary
- Evaluation of the personal property
- Research and analysis
- Summary letter of aggregate valuation of the assessed property
TIER 2: Full Appraisal
- Consultation and client meetings.
- On-site inspection of item(s)
- Media documentation including photographs and/or video
- Detailed inventory (when necessary).
- Extensive research and analysis
- Documentation of analysis and written report.
The Uniform Standards of Professional Appraisal Practice (USPAP) is the generally recognized ethical and performance standards for the appraisal profession in the United States. USPAP was adopted by Congress in 1989, and contains standards for all types of appraisal services, including real estate, personal property, business and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions. USPAP is updated every two years so that appraisers have the information they need to deliver unbiased and thoughtful opinions of value.