Appraisal Intended Use and Type of Value

Accredited Appraisal Associates specializes in the appraisal of antiques, decorative art, fine art and household contents.

Appraisals are prepared for a number of intended uses that mandate specific types of value.

Examples of Intended Uses

  • Valuation for scheduling insurance (homeowner’s and moving)
  • Valuation for damage and loss settlement
  • Valuation for estate taxes
  • Valuation for charitable contribution
  • Valuation for estate planning
  • Valuation for estate equitable distribution
  • Valuation for equitable distribution of marital assets in a divorce
  • Valuation for advise in sale of property
  • Valuation in liquidation of assets – both orderly and forced liquidation
  • Valuation for bankruptcy

The various intended uses for appraisals have correlating types of value, i.e., the type of value in an appraisal for scheduling insurance would be different than the type of value for a charitable contribution.

Examples of Types of Value

  • Replacement Value – New
  • Replacement Value – Comparable
  • Fair market value – charitable contribution
  • Fair market value – estate taxes
  • Fair market value – equitable distribution of marital assets
  • Market Value
  • Liquidation Value
  • Fair Value (for business assets)
  • Salvage Value
  • Scrap Value