Our professional handling of appraisals conforms to the International Society of Appraisers’ (ISA) Code of Ethics, The ISA Appraisal Report Writing Standards, The Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice ( USPAP ), and the Appraisers Association of America (AAA).
Our state of the art equipment enables our appraisers to complete onsite work efficiently and accurately. We have extensive office resources that allow our appraisers to complete research, analysis, and report preparation in minimum time. Those resources include access to the Decorative Arts Library, auction databases, professional journals, internet resources and a network link to many other industry experts.
We strive to be the one convenient source for all your personal property needs, including insurance replacement, estate tax, donation, and other valuation needs. All of our appraisers receive extensive training through the courses sponsored by the ISA and AAA on appraisal principles, ethics, research, identification, and appraisal techniques; as well as specialty courses in all areas of antiques and residential contents.
How to find the right Appraiser?
What makes up a Professional Appraisal?
Clearly state the kind of value being estimated, such as fair market value, replacement value for insurance purposes, or liquidation value.
Describe the property being valued.
Describe the procedures used to estimate the value, such as analysis of comparable sales.
Include the effective date of the valuation.
Stipulate that the appraiser has no financial interest in the property being appraised.
Signed by the individual who made the appraisal and who is responsible for the validity and objectivity.
Include the appraiser’s qualifications to conduct the appraisal.
When choosing an Appraiser they should:
They should be certified or accredited by a professional association, which requires on-going training and adherence to educational and ethical standards.
They should be tested in appraisal theory, principles, ethics, and the law.
They should adhere to The Appraisal Foundation’s Uniform Standards of Professional Appraisal Practice (USPAP.)
They should not base their fee for an appraisal on a percentage of the appraised value of the items.
They should preferably charge by the hour or sometimes negotiate a set fee for the entire appraisal job.
They should consult with other experts when necessary since no appraiser is an expert in all fields.
THE APPRAISAL PROCESS
The appraiser meticulously examines all property, evaluating characteristics, noting condition, obtaining measurements and taking photographs. The time spent in this phase is called “on-site time.”
Digital photographs are taken to document your property, comply with IRS regulations, and to aid with research. Photographs are included in the appraisal report.
The appraiser researches hallmarks and labels, verifies dates, locates comparable items and selling history, investigates appropriate markets, and consults other experts when necessary. This approach produces an accurate report that fully protects you and your property. This phase is called “research time.”
The Appraisal Report is written in compliance with the International Society of Appraisers’ ( ISA ) Appraisal Report Writing Standards, American Appraisal Association guidelines, and Uniform Standards of Professional Appraisal Practice (USPAP.) The report includes a cover document detailing the process followed, definitions of values used, a list of items with descriptions, photographs, and the appraiser’s qualifications. The report is typed and bound.
Our Appraisers are certified or accredited members of the International Society of Appraisers and the Appraisal Association of America. We comply with the educational and technical standards of the International Society of Appraisers (ISA), The Appraisal Foundation, and The Appraisal Association of America (AAA.)
Alabama Appraising Company, Inc.
Phone: (334) 462-4665
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