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3 Facts About Getting an Appraisal for Your Goods

3 Facts About Getting an Appraisal for Your Goods

Getting a professional appraisal can be very useful if you want to determine the value of an item. People get appraisals for many types of products, including jewelry, coins, stamps, antiques and other collectibles. An appraiser can give you a realistic idea of how much your property is worth. There are, however, some guidelines you should keep in mind before getting something appraised.

Verify the Credentials of the Appraiser

You want to make sure you are getting your item appraised by someone who is qualified. An insurance company can often provide you with a professional appraisal recommendation. You can also do a search online and collect a list of names. It is also a smart idea to do some research to see if you can get some online recommendations before using an appraiser. In addition, it is a smart idea to also verify that they are a member of a professional association, such as the American Society of Appraisers (ASA).

Make Sure the Appraiser is Objective

In addition to wanting a qualified expert to appraise your item, you also want someone you can trust to be objective. For example, an antiques dealer might offer to appraise your items, but if he is also interested in purchasing them for his own shop, this would not be the most objective place to go for an appraisal. You should find someone with no vested interest in the value of your goods.

Understand that an Appraisal Doesn't Equate With Retail Value

People sometimes think that, after they get an appraisal, they can then expect to sell the item for the amount that was quoted. In most cases, however, you will usually end up getting a lower price if you want to sell the item.

Ready To Start?

Getting items appraised is always a good idea, whether for your own information, insurance purposes or in case you want to sell it. When you are ready to make a bid so that you can get your new items appraised, visit U.S. Auction Online. Or you can register to view winning bids to get an idea of the value of items that you already possess.

 

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