Legacy Appraisals & Estate Sales, LLC
Upcoming Sale - June 21 & 22
A Complete Estate Sale Service Company
Personal Property Appraisals
*the only accredited appraisal, inventory, and estate sale company in Amarillo and the Texas panhandle!
Sign up for our preferred customer email updates!
The main reasons for personal property appraisals are:
(1) obtain insurance coverage for your treasured items
(2) equitable distribution due to death or divorce
(3) donations over $1,000
(4) loss of value (moving damages)
(5) value at the time of loss (fire).
A. Insurance Appraisals - the current replacement value of your items
B. Estate Appraisals - required for a taxable estate
C. Donation Appraisals - for donated items over $1,000 & required for items over $5,000
D. Pre-move Appraisals
Efficient and ethical service. Appraisers should write their appraisals and keep them in the strictest of confidence. All appraisals should be written by a qualified appraiser and the reports should be Uniform Standards of Professional Appraisal Practice (USPAP) complient.
The appraiser examines the property to be appraised. This includes note taking on the size, condition, and compositon of the object. Next, the appraiser photographs the item in order to document not only the conditions of the item but it's exsistance. Values are researched using comparable sales for similar items in the most common market places.
Appraisers charge by the hour or by the item. Estimates are just that. We can not estimate the exact charge for an appraisal although we may be able to give you a ball park figure for a report from past experiences. The amount of time it takes for inspection, research, and report writing time is what determines your fee. Travel expenses are charged for jobs located 30 miles or more from Amarillo.
Gather any receipts, older photographs of the items, or any documentation (newspaper articles) that will help establish where and when the item was acquired or it's past life. An inventory is helpful but will have to be verified by the appraiser.
As an accredited member of the International Society of Personal Property Appraisers (ISA)
I must strictly adhere to the ISA code of ethics and the Uniform Standards of Professional Appraisal Practice (USPAP) which is authorized by Congress as the Source of Appraisal Standards and Appraiser Qualifications.
www.appraisalfoundation.org (for credentialing requirements)
An accredited appraiser is expected to perform valuation services competently and in a manner that is independent, impartial, and objective.
(Beware of appraisers who want to buy what they appraise at the appraisal value they give you!)
Due to the change in market values over the past several years, most insurance companies suggest your antiques, art work, collectibles, sterling, & fine jewelry be appraised every two to three years. Update appraisals are not very costly and also provide a proof of ownership in case of a loss.
*Some of these standards will be changing next year! Follow us for the updates! www.isa-appraisers.org
**This is not a sign up, pay your dues organization - but one you must meet certain minimum yearly educational requirements in order to qualify to be a member .
Quotes for appraisals will be given at the time of inspection and are based on an hourly rate, the amount of time involved in the inspection, research, authentication, and inventory. This is an estimated charge. Our prices for appraisals are well below the national average: