As a general residential contents appraiser I am frequently called upon to do oral appraisal reports in the San Gabriel and LA area. It is my favorite type of assignment. I’m in, I’m out, I’m done. I do oral appraisals on site in Los Angles, Orange County and as far as San Diego and Santa Barbara. I also do oral appraisals nationwide online using Zoom and Face time. Check out my first You Tube video demonstrating a Face Time inspection. I challenge myself to find and identify potentially significant residential contents of value (hidden treasures), and to communicate, as appropriate, important appraisal process issues (who, what, why, when, where and how etc.) sufficiently to comply with the Uniform Standards of Professional Appraisal Practice (USPAP) which are the minimum standards for all personal property appraisers and mandated by Congress.
I can frequently provide oral appraisal reports of common/ordinary objects at 15 to 50 or more objects per hour. How can I do more than 100 objects per hour? It is easy. Before we start the oral appraisal report the client and I agree to a value cut-off point. Anything less is automatically appraised as less than the established cut-off point which is an appraisal as defined in USPAP.
I am familiar with most object-types found in residential contents appraisals and know my limits. I embrace the challenge of meaningfully, but briefly providing oral appraisal report results, onsite or online, and with research as needed to meet the client’s valuation needs meaningfully and credibly as appropriate and relevant to intended use.
During my oral appraisal report I try to communicate “substantive matters” relevant to subject property marketability and disclosure issues important for the client to properly understand the abbreviated oral appraisal report and to provide context.
For onsite appraisals I provide clients with an abbreviated Oral Appraisal Report Disclosure (OARD) form which is a partially written oral appraisal report based on a formal abbreviated Restricted Appraisal Report (RAR) one-page template. The oral appraisal report (OARD form) provides important context and disclosures in writing so that the oral appraisal report can be meaningful and properly understood by the client and other identified intended users. Oral appraisal reports are fast paced, cost effective, and occasionally result in the discovery of hidden treasures. See the testimonials of past clients.
I frequently describe my oral report service as being like having a private Antiques Roadshow in your own home. Most objects on the Antiques Roadshow are rare and often important and require considerable research and consultation among the many experts that are present. Most residential contents complete household appraisals such as I do frequently have common and ordinary property for which research would be inappropriate since the cost of the research could exceed the value. After 40 years of market experience with common and ordinary object I am confident in my non researched opinions and assume that research would only confirm what I already know.
Find out more. Read an article by an appraisal company that specializes in high-end estate management that discusses these Antiques Roadshow valuation issues intelligently.
Value in Doubt? Find Out! Call Bill at 626-292-2224
During my oral appraisal report we should both document my opinions and disclosures. I may research with you near by me at the computer so we can analyze the comparable sale(s) together and adjust for differences whether onsite or online. I can show you how to get life-long access to that website with over 50 million completed sales from over 500 major auction galleries for free. I can show you how to sort search result to find the best comparable sales quickly. This confirms or informs my oral appraisal opinions.
You may make your own recording of my oral report. I will ask you to take written notes, room by room, which can be documented on the OARD form which I can give you when I arrive for the oral appraisal report inspection.
The OARD form is a blank template that flows from my simple one page contract. Selected fields flow from the contract into the OARD form to make the report meaningful and easily understood by you.
The important issues that flow into the OARD form include intended use, intended user(s), the effective date, the type and definition of value, the appropriate market, the approach to value, relevant property characteristics and assignment conditions which include limiting conditions and assumptions.
Contact me for a cost effective appraisal in my San Gabriel home office. Cal 626-292-2224
When doing an oral appraisal report I must be constantly on my toes to consider:
I must consider:
My answer to these questions must always be "YES!"
Specialty object types often present competency problem areas such as jewelry, coins, stamps, certain types of collectibles, automobiles, fine art, Persian rugs, Asian objects, Native American objects, samurai swords, tools and equipment, sporting goods and…on and on. The competency issues among appraisers.
Cost effective onsite and local or online and nationwide are available for 30 minutes at a reduced fee.
Value in Doubt? Find Out!
When first contacted I will focus on understanding related issues (IRS or legal) and the decisions you face (sell, donate, insure, equitably distribute etc.). I must identify your report needs and determine my competency to solve your valuation problem. There are important issues connected to your objectives and decisions relating to intended use and the needs of other users.
As needed we will establish a value cut-off point. You may want to make a numbered list, room by room of objects needing my appraisal, and you may want to unpack boxes and upper shelves of cupboards onto tables for easy inspection.
Prior to a residential contents appraisal inspection I normally email my one-page contract and OARD form for your review, Upon arrival and before the inspection starts, I sit and briefly review the important understandings set forth in my simple contract and OARD form.
If asked my advice it is always based on what I would do since I am well aware of the options available locally in San Gabriel and Los Angeles. and nationwide
For some assignments, especially for litigation support and possibly my expert witness testimony I will use a Restricted Appraisal Report which is formally written but still abbreviated.,
You can arrange for a cost effective appraisal in San Gabriel or nationwide by calling (626) 292-2224.