Appraisals

APPRAISALS

We offer Appraisal services for Estate Settlements and other Personal needs where value of personal property needs to be established. This service is also available for business needs, such as buying, selling, liquidating, bankruptcies, asset disposal, insurance claims and other legal considerations.

Appraisals cover the Value Categories of Fair Market Value, Value in Place andLiquidation Value, as they are applicable.

The price of an Appraisal is based on a rate of $ 125.00 for initial call out for professional services, which includes viewing the merchandise, taking pictures and cataloging property. Travel, research, consultation and documentation will be billed at $75.00 an hour. Expenses such as photocopying, photo sets and report typing are billed at cost. All charges are subject to 5 % GST & 7 % PST.

The total cost is dependent upon the quantity of property involved, how extensive a report is required to meet your specific needs and travel time if it is out of town. Appointments are required for all consultations, but we are very flexible and sensitive to your circumstances.

Appraisals are done based on one of three categories, depending upon which is best suited to your needs. Consideration is given to the current economic condition of the area.

Fair Market Value: The price at which the property would change hands between a willing buyer and a willing seller, neither being under compulsion to sell or purchase and both having reasonable knowledge of relevant facts.

An example would be an Estate.

Liquidation Value: The price at which the property would change hands when there was a financial situation, or other limiting circumstances existing at the time of sale so as to require a sacrifice.

An example would be a bankruptcy.

Value in Place: A professional opinion of the estimated value to be realized for the property as installed for its intended use, in an exchange between a willing buyer and a willing seller, neither being under any compulsion to either buy or sell.

An example would be the equipment and furnishings of an operating business seeking to sell or refinance.

If you need a personal property appraisal, please call Tex at 250 341-5316 or email us at tex@cyberlink.ca

SORRY, WE DO NOT DO REAL ESTATE APPRAISALS.