Quick Tips: 5 Questions to Ask when Hiring a Personal Property Appraiser
Hiring a professional personal property appraiser can be an overwhelming and daunting task. Not only does property have monetary value, but it can also have deep sentimental value to its owners. You want to make sure that you hire an appraiser who is respectful of your items and qualified to give you the most objective report, without an interest in the property.
Unlike real estate appraisers who are licensed, there is little regulation overseeing personal property appraisers. Having a good understanding of the importance of these questions will help you find the most qualified and trustworthy appraiser to evaluate your treasured property.
1. What qualifies you to appraise my property?
2. Do you belong to an appraisal society that tests its members?
3. Have you been tested? Do you take continuing education classes?
4. How will you handle items which may be outside your specialty area?
5. What is your fee and on what basis do you charge?
If you have a question about the credentials of your appraiser, contact the appraiser’s organization for clarification. The International Society of Appraisers, The Appraisers Association of America, and The American Society of Appraisers maintain public online registries where the appraiser's credentialing, specialty, and current USPAP compliance may be accessed and confirmed. If you have a USPAP question on qualifications, contact the Appraisal Foundation through the Appraisal Qualifications Board.