APPRAISALS
 

Vice President/Appraisal Division

 
 Certified Appraisers
Guild of America
Innovative Auctions, Inc. provides Appraisal Services for the following circumstances:
ESTATE VALUATION
DIVORCE
LIQUIDATION
INSURANCE
DIMINISHED VALUE
PERSONAL CURIOSITY
iTEMS THAT WE APPRAISE:
Cars - Modern & Collectable             Antiques             Collectibles
Homes - Except For Finance Or Re-Finance             Commercial Property
Modern Items - Furniture & Household Items             Paintings
Equipment - Heavy & Light             Estate Valuation             Insurance Needs
 
Offer Diminished Value for additional cost
Will do Divorce Appraisal for court purposes
Will travel to your location for appraisal by appointment
The fair market value approach is used to appraise personal property.
WHAT IS MARKET VALUE?
Appraisers  place a “value” on property for the purposes of appraisal.  The term “value” goes by many different names: it is often called full value, true value, market value, appraisal value, just value, fair cash value, actual value, fair and reasonable market value, or full and fair value.

By far, a large number of states focus on “fair market value”.  The term is defined as the amount of money a typical, well-informed, unrelated buyer would be willing to pay for property.  To estimate market value, the appraiser determines if charges in the personal property or  real estate markets (e.g., what different types of property are selling for, local construction and repair costs, normal operating expenses, rents, inflation) require a change in the estimated market value.
wHat to look for in a professional
personal property appraisal report
With the government, courts, judges, banks, attorneys, accountants, insurance representatives and other professionals examining more closely the personal property appraisal report, it is important to know what to expect from a professional personal property appraisal report.
Here are a few points that a professional report should have:
  • A complete and accurate description of the property
  • Analysis of the factors affecting value reflecting the appraiser's research
    in accordance with the standards required by government authorities.
  • A definition of value appropriate to the type of appraisal
  • A value for the property appraised substantiated by the report analysis
  • The appraiser's qualification page
  • The appraiser's signature
  • The appraiser's statement that the appraiser does not have a financial
    interest in the property
  • You should confirm with the appraiser that the appraiser's report can be
    defended in court if needed
Certified Appraisers Guild of America
A National Appraisal Organization
A part of the the Missouri Auction School,  The Certified Appraisers Guild of America is a professional accrediting organization providing certification of personal property appraisers.  With members in 49 states and 6 Canadian Provinces, the Certified Appraisers Guild of America is North America 's # 1 trainer of personal property appraisers.  On an annual basis, it trains more personal property appraisers than any other organization in North America .  The Guild has been instrumental in helping to standardize the personal property appraisal profession.  The members of the Certified Appraisers Guild form a network of valuable appraisal contacts throughout the United States and Canada .
Membership Requirements
Each member is required to attend professional training and pass a comprehensive exam before becoming certified.  No one is allowed to be a member of the Certified Appraisers Guild of America without completing the certification program.  There are no 'grandfathered' or 'Associate' members that have not completed the training and exam.  Each member has completed the course work required to be certified by the Guild.
Educational Standards
The training each member is required to complete, includes the uniform standards of personal property appraisal practice and appraisal report writing.  Special areas of emphasis in training include Internal Revenue Service appraisal requirements, estate and gift appraisals, charitable donation appraisals, bankruptcy appraisals, insurance appraisals, appraisals for divorce, and casualty loss appraisals.  In addition, each member is required to attend our courtroom expert witness seminar with special
emphasis on appraisals for courts and testifying in court.
Certification
The Certified Appraisers Guild of America confers the professional membership designation CAGA to recognize the completion of the appraiser's certification education.  Members are professionals who have completed the certification process.  In addition, the members have made a commitment to the Certified Appraisers Guild's Code of Professional Ethics and to the Uniform Standards of Professional Appraisal Practice.
Certified Appraisers Guild of America
CODE OF ETHICS

             1)     The Appraiser shall obtain the relevant facts relating to the subject property to
                      form the final conclusion of value.

             2)     All formal appraisal reports shall be in writing signed by the Appraiser.

             3)     The Appraiser shall disclose any interest in the subject property and will accept
                     an appraisal assignment only if the appraisal can be performed without bias.

             4)     The Appraiser shall maintain the confidential nature of the appraisal report.
                     The contents of the report shall not be disclosed without consent of the client
                     or by court order.

             5)     The fee charged by the Appraiser shall be independent of the value in the report.

             6)     The Appraiser shall maintain respect for others in the appraisal profession.
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