Appraisals defined

Michael Mellan completed the certification program with CPPAG: Canadian Personal Property Appraisers Group (CPPAG) earning the designation of a ( CPPA ) fully accredited Canadian Personal Property Appraiser and offers Appraisal Services.

An accredited appraiser is defined as a skilled professional with years of combined experience together with formal Appraisal training by an organization that meets generally accepted Appraisal Standards.

Daily exposure to the marketplace and an extensive database combined with my personal experience and the CPPA accreditation help me to determine current market valuation of items for any one needing an Art Work or Antique valued. We also serve Estate Professionals and Corporations requiring valuations. I work closely with clients to determine the purpose of the appraisal then utilize proven methods of valuation and research to gain sufficient basis for analysis, reach conclusion and deliver reports in a detailed, cost effective format.

Please contact me at info@estateartandantiques.com to arrange for the valuation of your goods in the form of an On-line Appraisal, On-Site Verbal Appraisal or Certified Formal Written Appraisal.

Whatever type of appraisal is required, we will provide you with an accurate, concise and professional appraisal that best suits your needs.

As an accredited member of the Canadian Personal Property Appraisers Group (CPPAG), I must adhere to a strict code of ethics, which assures clients a service that can be relied on now, and in the future. Fees will be applied on an hourly or predetermined basis, to be discussed before hand with the appraiser and will be based on the scope of the assignment.

Appraisal Services

Please contact me at info@estateartandantiques.com to arrange for the valuation of your items. I can provide an On-line E-Appraisal, On-site Verbal Appraisal or Certified Written Formal Appraisal.

Certified Written Formal Appraisal: An Appraisal provided for Estate Valuations (Probate), Insurance Valuations, Family Law (Divorce) or any type of Appraisal that requires Certification in a written report.

On-Site Verbal Appraisal: An Appraisal provided on-site after the inspection of the item when sufficient information and product knowledge is available to make an on-the-spot Verbal Valuation.

E-Appraisal: A "Desk Top" Appraisal provided over the INTERNET with or without photo's that meets the generally accepted On-Line Appraisal Standards.

Value can be regarded as an article's "worth" or "market price" as defined in Websters Dictionary. To appraise is to "estimate the value" of an item. This is done by producing an objective opinion as to the items market price, based upon factual evidence and conclusions. Value can be determined using some or all of the following: Fair Market Value, Cost or Purchase price, Compatibles, Reproduction Cost, Replacement Cost, Forced Sale Liquidation Value and Assessed Value therefore determining the reason for the appraisal is the first order of business and will help identify the correct method of valuation to be employed.

It is not always an easy task to place a value on antiques as some are one of a kind items. Most items in these categories have three values. These values are its fair market value, its Liquidation Value and its Insurance/Replacement value . I will define the these terms below and show the differences between the three terms.

Fair Market Value: The value at which an item would change hands on the open market with neither party being forced to buy or sell, and both having knowledge of the relevant facts. This method is used to determine:

Liquidation Value: The price at which the item would change hands when there was a financial situation, or other limiting circumstances, existing at the time of the sale so as to require a sacrifice. Examples of limiting factors may include: an accelerated time frame for disposal, an abundant supply and an expected small demand from buyers, limits and restrictions of use of an item, economic conditions in the market place etc. This method is used to determine:

Insurance/Replacement Value: This is the value put on an item so that the owner can replace an object if it is destroyed or stolen. Insurance values tend to be set at the higher end of retail value. The reason for this is to ensure the insured item can be replaced with enough insurance money to buy an equivalent item at the current price in a retail setting. This method is used to determine:

Always choose a qualified appraiser. Find an appraiser you trust to value your cherished items. Appraisers may be a generalist and have a wide knowledge of many items or a specialist, who specializes in one area and keep in mind that an appraisal is only one experts opinion as to the value of any object. It is not ethical or legal for an appraiser to take a percentage of the value of an item as a fee for doing an appraisal for you. The appraisal price includes the amount of time it takes to travel to the item (its location) inspect the item, perform the research and prepare the written appraisal document.

We charge a professional fee for our appraisal services and would be pleased to discuss our current fees with you. *Remember, there is only one thing more expensive than a professional.......and that is an amateur.