Navigating the Appraisal process!
A general personal property appraiser needs considerable knowledge and experience with the universe of diverse object types such as fine art, furniture, glass, ceramics, antiques, and ordinary household goods found in most households, garages and storage units.
It is not an easy task navigating the steps necessary to value a limitless universe of personal property and to arrive at a credible valuation solution. Often consultation is required and limiting condition and assumtions apply. Appraisers are daily called upon by client that need to take the journey. Often appraisers need guidance which Novotny can now provide nationwide to personal property appraisers.
Just as a ship's captain must understand the journey's route, landmarks, hazards etc, a general personal property appraiser must first fully understand the clients valuation problem. What decisions or actions need to be informed... to insure, buy, sell, equitably distribute, IRS tax calculation, litigation support or to file bankruptcy for instance?
The solution the valuation problem is to follow the appraisal process in order to determine competency to perform the job. The appraiser must have the knowledge and experience to determine and perform the scope of work ncessaryto arrive at a credible opinion relevant to intended use. The appraiser must be able to understand the hazards and landmarks, all relevant factors to chart the course through the appraisal process. The appraiser must do this competently before accepting the appraisal. He must first identify the problem which layer out in USPAP. USPAP is the critical chart and the journey must be recorded. Just as a ship's captain document all relevant issues in the captain's log, the appraiser documents how the identified problem was solved by disclosing the relevant factors in the appraisal report. It is not a easy task. It takes years of study and experience. Novotny can provide an online appraisal consultation to personal property appraisers nationswide with focused mentoring for a small fee.
The appraiser is the Captain of the ship called "The Appraisal Process", The appraiser must navigate a challenging voyage, with many essential landmarks, to arrive at the final destination...the reported valuation conclusions.
Novotny, after forty years of determined study, is sufficiently competent and experienced. He can value most antique collections, general residential contents and most types of artwork. He may also discover your hidden treasures or provide interesting historical details about your antiques, collectibles and fine art.
He has priced or valued hundreds of housefuls, apartments and storage containers in the course of his many years of market involvement in all market levels. It's been a long voyage; he has successfully faced many past challenges and arrived to the satisfaction of all. He can provide a fast, cost effective, oral online appraisal...FIND OUT MORE!
See his Yelp, Google and Angi List reviews to confirm! For every one of those clients that wrote a review, and for the hundred of others that got his report. For every assignment Novotny has a signed USPAP Certification Statement in his work file that warrants his report complies with USPAP and that the appraisal was competently and ethically conducted.
There are many sources of market data and there are competing markets in which an object can be offered and sold in a manner consistent with the value definition that applies. If Novotny is sufficiently experienced with a specific property type, he knows the relevant market to research and the conditions that apply. He knows which value approach to use and the methods necessary. He can credibly navigate the scope of work necessary to develop and report the value conclusions. All appraisal reports must be meaningful, properly understood and sufficient for the client to make the decisions needed.
Take a trip on the Novotny Ship!
Novotny loves knowledge. Over the years he dug deep to better understand and identify the most commonly occurring specific property types such as furniture, ceramics, glass, metals and collectibles. In particular he spent years studying furniture, construction, woods, finishes periods, countries and regions. He did the same for oriental rugs but stopped after five years. Throughout the 1980s he was a major dealer in rare records (over a quarter million 78RPM, 45RPM AND LP's). In the late 80's and 90's he was a dealer and collector of Native American objects, California art, craftsman, design reform, mid-century and more. His interests dug deep into collectibles (marbles, scientific discovery, optics, military, clothing/textiles and more. He still follows these areas closely to discern between "good", "better" and "best". He is an insatiable generalist with a life long interest in Asian objects.
A personal property appraiser must identify each subject object's characteristics that are relevant to value and base the value conclusion on informed value adjustments for differences with comparable sales.
Novotny's background and experience includes:
• 20 years full time antiques dealer at several large stores, (largest 20,000 sf from 1979-1986), antique malls and antique shows (1979-1999)
• 25 years pricing antiques & personal property for liquidation at Estate Sales (since 1989)
• Since 1996 a general personal property appraiser
• AQB Certified USPAP Instructor since 2002
• Published 5 personal property appraisal journal articles as well as online appraisal standards courses since 2008
Since 1979 - Over 40 years market experience with most property and report types:
• Expert Witness/Litigation Support, Decision Making
• IRS Tax, Insurance, Damage Claims, Trusts
• Equitable Distribution, Divorce, Estate Planning
• Sales Advisory, Liquidations, Appraisal Review
• Complex Assignments, Preliminary Reports
• Single Objects or Complete Houseful
NOVOTNY WILL COMPLY WITH USPAP AND FOLLOW THE APPRAISAL PROCESS:
• act competently and ethically and understand your valuation problem
• identify and use the applicable value definition
• research the appropriate market level
• perform the necessary scope of work,
• solve your appraisal problem credibly and prepare a meaningful oral or written report.
Novotny Appraisals in San Gabriel, CA provides appraisal services for general residential contents and rare objects. William Novotny has more than 40 years of valuation experience in all market levels, assignment types, and most property types. He will provide a proper oral appraisal report or formal appraisal report.
VALUE IN DOUBT? FIND OUT! Call 626-292-2224
Dessert Stand marked Meissen with three tiers of reticulated and graduated plates, the central standard surmounted by an epergne top.