household goods Personal Property Appraisal and ORAL Report!
Oral Personal Property Appraisal Reports by a General Residential Contents Appraiser for 40+ Years
Oral household goods appraisals are my favorite type of appraisal assignment. I’m in, I’m out, I’m done. Oral appraisal reports are like an Antiques Road Show. I communicate “substantive matters and disclose issues important for the client to properly understand the abbreviated oral appraisal report and to provide context. An oral personal property appraisal is cost effective, sufficient, fast, complete and meaningful.
I do oral appraisal reports in the San Gabriel and San Fernando Valley, Los Angles, Orange County and as far as San Diego and Santa Barbara. I also do oral appraisals online using Zoom and Face time. See my first You Tube video of a Face Time inspection. I challenge myself to find and identify potentially significant and rare objectof value (hidden treasures) of all types. I 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 appraise common/ordinary objects at 15 to 50 or more objects per hour. Before we begin the oral appraisal the client and I agree to a value cut-off point. Anything less is appraised.
I am familiar with most object types 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.
I provide clients with an abbreviated Oral Appraisal Report Disclosure (OARD) form which is a partially written oral appraisal report based on a formal abbreviatedl report one-page template. The oral appraisal report (OARD form) provides important context and disclosures in writing so that the oral appraisal report is 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.
Most residential contents complete household goods appraisals 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 objects I am confident in my non researched opinions and assume that research would only confirm what I already know. See why and how an oral report is credible and a "win win" for both the appraiser and client and learn how to do it yourself.
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
Ask about a Covid Online or Onsite (Home Office) Special: 30 minutes for $90
Find out about ONLINE APPRAISALS and how they are done!
Talk to Bill now! CALL1- 626-292-2224
Photo Gallery
Site Content
How an Oral Appraisal Works
Scope of Work & Competency, Object Types
Scope of Work & Competency, Object Types
During my oral appraisal report the client and I should both document my oral appraisal.
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 a website with over 50 million completed sales from over 500 major auction galleries for free. I can show you how to sort search results to find the best comparable sales quickly. This process confirms or informs my oral appraisal opinions when needed.
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.
When I have completed my oral appraisal the OARD form can be used to authenticate the client's written, but brief value section. by inserting the total number of listed objects appraised and the aggregate value of those objects on the OARD form template on which I sign my USPAP 's certification.
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.
Call 626-292-2224
Scope of Work & Competency, Object Types
Scope of Work & Competency, Object Types
Scope of Work & Competency, Object Types
When doing an oral appraisal report I must be constantly on my toes to consider:
- the extent to which tangible property is inspected
- the extent to which the property is identified and described
- the type and extent of data research and analyses needed for significant objects
- when work I perform onsite or online is sufficiently summarized
I must consider:
- Did I properly "identify the valuation problem"?
- Did I solve the valuation problem posed by you?
- Was I competent to appraise the objects?
- Is my report meaningful, not misleading, relevant to intended use, appropriate, complete and properly communicated?
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!
Call (626-292-2224
Important Decisions Made
Scope of Work & Competency, Object Types
Important Decisions Made
When first contacted I will focus on understanding the significant issues of your intended use, (IRS or legal) and the decisions you face (sell, donate, insure, equitably distribute etc.). I 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.
Prior to my arrival 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 my 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 formal appraisal assignments, e.g. litigation support and expert witness testimony I will use a Restricted Appraisal Report or as needed a full-blown, comprehensive, detailed formally written appraisal report.,
Arrange now for a cost effective appraisal in San Gabriel or nationwide by calling (626) 292-2224.