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Written reports are required for many purposes:
When a written report is not required for legal purposes, a verbal value opinion may be appropriate. You inherit a truckload of "things" and you do not care to keep them. At a yard sale you sell a Lalique bowl for $5 and an Icart etching for $3. These items should generate $700 each. If you had only known! An experienced appraiser can assist you in sorting the "diamonds from the coal" and can guide you to more appropriate markets for selling antiques and certain collectibles. The verbal opinion of value is for clients who are willing to accept some risk of error in order to obtain a verbal report that is informed, unbiased and objective. A signed disclosure agreement is required. Without research, such opinions are subject to error and rely on the knowledge, experience, and expertise of the appraiser. The appraiser will inform the client when research is needed.
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Copyright © Terry D. Sonntag |