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Market Value Appraisals

Appraisals Expert

Market Value Appraisals services

Our estate and trust appraisal service is a service provides appraisals of personal property, such as antiques, art, jewelry, and furniture, that is part of an estate or trust. These appraisals are conducted by our team of appraisers who have expertise in a specific type of personal property, such as antiques or art. The purpose of an estate and trust appraisal is to determine the value of the personal property for purposes such as estate planning, tax assessment, or distribution of assets. An estate and trust appraisal may be required in cases where the personal property is being sold or donated, or where the value of the property needs to be determined for tax or legal purposes. An estate and trust appraisal service can provide appraisals of a wide range of personal property, including antiques, art, jewelry, furniture, and other collectibles. The appraiser will consider factors such as the condition, age, rarity, and market demand for the item to determine its value. If you are in need of an estate and trust appraisal, we bring over 35 years of experience working with lawyers, banks, trust officers, executors, and beneficiaries in the appraisal of personal property for estates and trusts.

Market Value Appraisals Online

Online market value appraisals are a type of appraisal conducted online rather than in person. These informal appraisals are frequently used to better grasp personal items’ market value. To conduct an online market value appraisal, the appraiser will typically request photographs, descriptions of the appraised items, and any relevant documentation, such as receipts or sales records. The appraiser will then use this information to determine the value of the items, using methods such as comparing the items to similar ones that have recently sold or reviewing market trends. One advantage of online market value appraisals is that they can be more convenient and cost-effective than in-person appraisals, as they do not require the appraiser to visit the property physically.

Market Value Appraisers Near Me

An in-person market value appraisal is a type of appraisal that is conducted by an appraiser who physically visits the property and inspects the items being appraised. These appraisals are typically used to for informal purposes and can help clients better understand the potential value of their property in the market. During an in-person market value appraisal, the appraiser will typically inspect each item being appraised, considering factors such as the condition, age, rarity, and market demand. The appraiser may also gather additional information about the items, such as sales data or market trends, to help determine their value. The benefit of an in-person estate and trust appraisal is that the appraiser takes pictures and describes the items valued, which can take the family members, owner, executor, or executor assistant a lot of time. However, in-person market appraisals are also more expensive because they require the appraiser to travel to the location and spend more time detailing and inventorying the personal property on behalf of the estate.

Market Transparency

While generally not advised for transactional purposes, market value appraisals can better help clients understand the boundaries of their personal property’s potential value in the market and provide some level of transparency for the value of their property. A great example of use for market value appraisals is in comparing market value appraisals to pre-sale auction estimates in the event you are considering consigning your property to an auction house, as auction estimates may or may not accurately reflect the market price potential of an object. Having a market value appraisal provides clients with a better understanding of how much potential equity they are risking in the event of a sale.

Market Value Vs. Auction Prices

The market value of art, antiques, collectibles, coins, furniture, jewelry, household items, and other personal property is the price that the item would sell for on the open market. This value is influenced by factors such as demand for the item, its condition, and its age and rarity.
The auction price of an item is the price at which it sells at an auction. Auction prices can vary widely depending on a number of factors, including the condition of the item, its rarity and desirability, and the number of bidders interested in the item. The auction price of an item may be higher or lower than its market value, depending on the demand for the item at the time of the auction and other factors.

It’s important to note that the auction price of an item is not necessarily the same as its market value. The market value of an item is determined by what buyers are willing to pay for it on the open market, while the auction price is the price that the item sells for at a specific auction. The market value of an item may be higher or lower than its auction price, depending on the demand for the item and other factors.

market value versus retail value

The market value of art, antiques, collectibles, coins, furniture, jewelry, household items, and other personal property is the price that the item would sell for on the open market. This value is influenced by factors such as demand for the item, its condition, and its age and rarity.

Retail value, on the other hand, is the price at which an item is offered for sale in a retail store or other place of business. Retail value is typically higher than market value, as it includes the cost of acquiring the item, storing it, and selling it, as well as a profit margin for the retailer. The retail value of an item may also be influenced by factors such as the location of the store, the target market for the item, and competition from other retailers.

It’s important to note that the retail value of an item is not necessarily the same as its market value. The market value of an item is determined by what buyers are willing to pay for it on the open market, while the retail value is the price set by the retailer. The market value of an item may be higher or lower than its retail value depending on the demand for the item and other factors.

what does market value mean

Market value is the price that an asset, such as a piece of real estate, a collectible, or a piece of jewelry, would fetch on the open market. It is the price that a willing buyer would pay to a willing seller, with both parties having a reasonable knowledge of the relevant facts. Market value is often used as a benchmark for determining the value of an asset, and it can be influenced by a variety of factors, such as supply and demand, market trends, and the condition of the asset. In general, market value is considered to be the most accurate measure of the value of an asset, as it reflects the price that the asset would command in an open and competitive market. It is important to note that market value can differ from the value stated on an insurance policy or a tax assessment, which may be based on different criteria.

what is a market value appraisal

A market value appraisal is an assessment of the worth of an antique, art piece, collectible, piece of jewelry, or piece of furniture based on its current market value. To determine the market value of an item, an appraiser will consider a variety of factors, such as the age, condition, rarity, provenance, and demand for the item in the market. The appraiser will also take into account any relevant market trends or fluctuations that may affect the value of the item. A market value appraisal can be useful for a variety of purposes, such as establishing the value of an item for insurance purposes, determining the fair market value of an item for tax or estate planning purposes, or establishing a selling price for the item. It’s important to note that a market value appraisal is different from a replacement value appraisal, which estimates the cost of replacing an item with a similar item of the same quality and condition.

What Is The Purpose Of A Market Value Appraisal

The purpose of a market value appraisal for art, antiques, collectibles, jewelry, and other personal property is similar to the purpose of a market value appraisal for real estate. It is an evaluation of the worth of the item based on what similar items have recently sold for in the market. The resulting appraisal report can provide valuable information to the owner of the item, as well as to potential buyers or other interested parties. A market value appraisal for personal property can be used for various purposes, such as determining the selling price of an item against presale auction estimates or for general curiosity. It should be noted that while an appraisal is an educated opinion on the value of personal property, it is still an opinion. As such, an appraisal can vary from appraiser to appraiser, and it is not recommended to use market value appraisals alone for sale purposes. Clients looking for art consulting services for sale purposes are better advised through our art consulting group.

Market Value Vs. Estate Value

The market value of art, antiques, collectibles, coins, furniture, jewelry, household items, and other personal property is the price that the item would sell for on the open market. This value is influenced by factors such as demand for the item, its condition, and its age and rarity.

Estate value, on the other hand, is the value of an item as it pertains to an estate. Estate value is typically used to determine the value of an item for tax or probate purposes. The estate value of an item may be different from its market value, as it is typically based on the item’s value at a specific point in time, rather than its current market value.

What's the difference between an appraisal and market value

The difference between appraisal value and market value for art, antiques, collectibles, furniture, jewelry, and other personal property is similar to the difference for real estate. Appraisal value is an estimated value of the item as determined by an appraiser, using methods such as comparison to similar items that have recently sold, the condition of the item, and its age and rarity. Market value, on the other hand, is the price that the item would sell for on the open market. The market value of an item may be different from its appraisal value, and it can fluctuate over time based on changes in demand and other factors.

It’s important to note that the value of personal property can be more subjective than the value of real estate, as it can be influenced by factors such as the personal taste of potential buyers and the emotional value of the item. As a result, the market value of personal property may vary more widely than the market value of real estate. Other markets for diamonds or precious metals, such as gold, platinum, or jewelry, may be less subjective and vary less within a certain period; however, those markets create price fluctuations and volatility.

Why is my market value and appraised value different

There are a number of reasons why the market value of art, antiques, collectibles, coins, furniture, jewelry, household items, and other personal property may be different from its appraisal value. The appraisal value of an item is an estimated value as determined by an appraiser, using methods such as comparison to similar items that have recently sold, the condition of the item, and its age and rarity. The market value of an item is the price that it would sell for on the open market.

There are a number of factors that can influence the market value of personal property, such as demand for the item, its condition, and its age and rarity. The market value of personal property may also be influenced by the personal taste of potential buyers and the emotional value of the item. As a result, the market value of personal property may vary more widely than the market value of real estate. It’s also possible for the market value of personal property to change over time, while the appraisal value remains the same. In addition, the methods used by appraisers to estimate the value of an item may not always align with the factors that influence its market value. As a result, it is not uncommon for the appraisal value of an item to be different from its market value.

Is market value more than appraised value

The market value of art, antiques, collectibles, coins, furniture, jewelry, household items, and other personal property may be higher or lower than their appraisal value, depending on a variety of factors. The appraisal value of these items is an estimated value as determined by an appraiser, using methods such as comparison to similar items that have recently sold, the condition of the item, and its age and rarity. The market value of an item is the price that it would sell for on the open market.

A number of factors can influence the market value of personal property, such as demand for the item, its condition, and its age and rarity. The market value of personal property may also be influenced by the personal taste of potential buyers and the emotional value of the item. As a result, the market value of personal property may vary more widely than the market value of real estate.

How Much Does A Market Value Appraisal Cost

The cost of a market value appraisal can vary widely and often depends on the complexity of the appraisal, the method in which the property is being appraised (online or in person), and the number of items included in the appraisal document. Typically a market value appraisal can range from several hundred to several thousand dollars or more, with larger, in-person appraisals requiring the greatest investment.

How Long Does A Market Value Appraisal Take To Complete

The length of time it takes to complete a market value appraisal can vary depending on several factors, including the complexity of the assets being appraised and the type of type of estate and trust appraisal being performed (online or in-person). Here are some factors that can affect the timeline for a market value appraisal:

  1. Scope of the appraisal: If the appraisal covers a large number of assets or if the assets are particularly complex, it may take longer to complete the appraisal.
  2. Access to the assets: The appraiser will need to physically inspect the assets being appraised in the event of an in-person appraisal, which can take time depending on the appraiser’s schedule and the availability of the assets. Online appraisals can shorten this time, depending on the availability of the client.
  3. Information gathering: The appraiser may need to gather additional information about the assets being appraised, such as sales data or market trends, which can add time to the appraisal process.
  4. Review and evaluation: The appraiser will need to carefully review and evaluate all of the information gathered during the appraisal process, which can take time.


Generally, a market appraisal can take a few weeks to several months to complete, depending on the factors listed above. 

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