Is it a legal requirement to have an appraisal?
There is no legal requirement to carry out appraisals, but most employers have a yearly or twice-yearly review process. A good appraisal should be a two-way process, where you are encouraged to speak honestly and openly about your job. They are usually carried out by your line manager.
What happens if you get a bad appraisal?
An improper valuation can derail a homebuyer’s mortgage loan, disrupting a home’s sale for the seller, not to mention both real estate agents involved in the transaction. Lenders may not be able to approve a mortgage loan if the appraisal is less than the home’s contracted sales price.
How to do an appraisal on a coin?
Get started on your coin appraisal! Click the appropriate coin category below. Not sure which one to choose? Click HELP We can help you understand coin values and buy or help you sell coins and all sorts of collectibles: stamps, currency, early American money, tokens, ancient coins, medals, Confederate money, foreign coins, baseball cards and more.
Can a jewelry appraisal be based on value?
Appraisal fees should never be based on a percentage of the jewelry’s value. This is an ethical violation since the appraiser will make more money by valuing a piece higher, leaving incentive to over-inflate. Appraisal services should always be charged by the hour or a flat fee per piece.
How much does an appraisal cost for a wedding ring?
Appraisal services should always be charged by the hour or a flat fee per piece. Hourly rates typically range from $50 to $150, depending on the complexity of the jewelry. A simple wedding band will always cost less than a three-stone engagement ring; there’s simply more to appraise with the latter.
What do you need to know about a land appraisal?
A land appraisal – also known as a real estate appraisal, property valuation, or land valuation – is the process of developing an opinion of value. An appraisal is especially important if you are going to take out a loan to buy your property since your lender will likely require that one be commissioned.
Where can I get an appraisal on my items?
Here’s how to get your item appraised at an antique show: Find out about antique shows in your area. You can ask around at local antique shops and flea markets if you don’t already know about nearby events. Check into whether the show will offer free professional appraisals.
What do I need to ask an appraisal expert?
You just pay a small price for the question you want to ask. When you consult with JustAnswer, the Experts will usually need to see good, clear photos of your piece. Take photos with a plain background in good light, and take them from every angle. If the piece has a signature, photograph that as well.
What kind of appraiser do I need for an antique?
Check to see if the appraiser or appraisal event is limited to a specific type of antique. Sometimes, appraiser may not feel qualified to offer an opinion on all types of collectibles and will limit the scope to jewelry, art, furniture, or another class of antiques.
What’s the best way to take a photo for an appraisal?
Take photos with a plain background in good light, and take them from every angle. If the piece has a signature, photograph that as well. Straight-on photos are best. For example, if you’re photographing a piece of jewelry, lay it on a piece of plain white paper and shoot straight down over it.
