Navigating the Appraisal process!

A general personal property appraiser needs considerable knowledge and experience with many diverse object types such as fine art, furniture, glass, ceramics, antiques, and ordinary household goods found in most households, garages and storage units. It is not an easy task navigating the steps necessary to value such objects and to arrive at a credible valuation solution. The journey follows the appraisal process and the report is the port of arrival.

In order to do navigate the appraisal process the appraiser must first fully understand the client’s presenting valuation problem. What decisions or actions are being considered relevant to the client’s intended use? The client needs to be better informed about value for many reasons… to insure, buy, sell, equitably distribute, IRS tax calculation or to file bankruptcy for instance?

The client’s presenting valuation problem along with relevant conditions and issues must be thoroughly understood by the appraiser in order to determine if they are competent to perform the job. The appraiser must competently identify every relevant step necessary to perform the scope of work to arrive at a credible opinion relevant to intended use. Only then can the appraiser offer appraisal services to a potential client because the voyage to be taken will be identified, understood and manageable. A doctor must competently diagnose the underlying cause of a symptom before treatment. An appraiser must “identify the valuation problem”.

Novotny is the Captain of his ship called “The Appraisal Process”. He will navigate the many essential landmarks, to arrive at the final destination… the reported value conclusions. It’s not an easy task without sufficient knowledge and experience with the critical land marks which are identified in the Uniform Standards of Professional Appraisal Process (USPAP).

Novotny, after forty years of determined study, is sufficiently competent and experienced. He can value most antique collections, general residential contents and most types of artwork. He may also discover your hidden treasures or provide interesting historical details about your antiques, collectibles and fine art. He has priced or valued hundreds of housefuls, apartments and storage containers in the course of his many years of market involvement in all market levels.

Novotny had many challenging voyages over 40 years; He has successfully faced many challenging appraisal assignments and arrived with a proper report to the satisfaction of all. See his Yelp, Google and Angi List reviews to confirm! For every one of those clients that wrote a review, and for the hundred of others that got his report, Novotny has a signed USPAP Certification Statement in his work file that warrants his report complies with USPAP and that the appraisal was competently and ethically conducted.

There are many sources of market data; there are competing markets in which an object can be offered and sold in a manner consistent with the value definition that applies. If Novotny is sufficiently experienced with a specific property type, he knows the relevant market to research and the conditions that apply. He knows which value approach to use and the methods necessary. He can credibly navigate the scope of work necessary to develop and report the value conclusions. His reports are meaningful, properly understood and sufficient for the client to make the decisions needed.

Take a trip on the Novotny Ship! Call 626-292-2224

William M. Novotny,

ISA AM, AQB Certified USPAP Instructor

September14, 2021

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