Any one item may have different  values every time you ask the  question,  "What is it worth?" The reason required for the appraisal assignment will dictate the comparable market and the value conclusion.  

The Appraisal Process

The Examination: Each piece of property to be included in the appraisal report is meticulously examined by the appraiser. The appraiser observes the characteristics of each item, noting condition, obtaining measurements and taking photographs. When the item cannot be examined due to loss, damage, or theft, the appraiser can "reconstruct" the item based upon critical assumptions obtained from interviews and previous photographs, etc. This information is recorded on worksheets, entered into a database, and/or recorded on cassette or video tape. 

The Research: Value conclusions for appraisals are based upon comparable sales analysis for each item. Research time is the time taken to identify marks and labels, to verify dates, to locate comparable items, to investigate markets, and to consult experts as needed. This approach produces an accurate report that fully protects you and your property.  Research time can be limited according to your requirements.

Photographs: Photographs and/or digital images are taken to document the item's existence and aid in the research.  Photographs and/or digital images taken for the assignment (but not used for report per se) will remain in the client's file or delivered to the client per the client's request.

A professionally prepared appraisal report has a cover document explaining the type of value being sought and how the appraisal is to be used, the methodology and resources relied upon, an accurate description of the property itself, the date and location of the inspection, the effective date of the values determined, a statement that the appraiser has no  interest in the property (or a statement that any such interest is disclosed in the report), and the appraiser's qualifications and signature.