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Why You Should Make Use of Antique Appraisers

Jul 25, 2008
You could be one of the antique enthusiasts who is constantly in search of either buying or selling antiques. Having an antique appraisal is necessary to ensure that you are quoted the right price for the item and do not suffer any losses, for the business of dealing in antiques is very profitable. The antique appraisal will help you to determine the value of your heirloom which could even help you to decide whether you want to retain it or part ways with it.

What are Antique Appraisals?

Antique appraisals are legitimate contracts used for evaluating the antique that you possess. These appraisals give you a lot of information regarding the description and value of your property, the analysis of the market, rules and regulations that need to be followed and the fee structure. With the help of these appraisals you and either the buyer or the seller can reach a common base for striking a good deal. Appraisals are also necessary when you wish to avail any loans from financial institutions and decide to use your antique as collateral. You can also obtain insurance coverage with your appraisals.

What is Involved in the Process?

The assessment of your antiques could take anywhere from 2 to 4 weeks. The duration is due to involvement of study regarding the condition of the property, the rarity aspect, and the value of the item based on its demand in different areas. Once the evaluation is complete the appraisal is sent to your address and a copy is kept for records for one year. You will also be charged a fee for the evaluation done.

Whom Should You Go to for the Appraisals?

It is important that you should never have any trade dealings with your appraiser. Online appraisals are not a safe idea as you need to check out the items physically and you may be quoted the incorrect price. Also the pictures may be misleading. Going to someone who deals in antiques does not prove that he is an expert. You can either approach an estate attorney or a bank manager or even an appraisers' society. If you decide to have an appraisal done by a local company you should choose the one which is reputed and has credibility.

You could even approach your local museum or art center. Do not ever reveal that you wish to sell an item as they might quote you a lesser price but sell it at a higher cost themselves. Ensure that the person who is evaluating your property is a specialist in that particular field to get the correct value as evaluators specialize not only in eras but also the items. You wouldn't want someone who deals in wall clocks conducting an appraisal for your furniture.
About the Author
April Kerr owns website Wooden Box Special which has details of where to buy carved wooden boxes and antique wooden tea caddies .
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