A personal property appraisal is a written document valuing your tangible possessions for a specific purpose. Here is when you need one, how they are prepared, and what distinguishes a credible appraisal from a back-of-envelope estimate.
When you need a written appraisal
- Estate settlement — probate courts often require a written inventory of tangible personal property at date-of-death value.
- Insurance replacement — replacement value for homeowner’s or inland marine coverage.
- Charitable contribution — the IRS requires a qualified appraisal for charitable donations over $5,000.
- Divorce & equitable distribution — clear documentation of marital assets.
- Damage or loss claims — documenting value after fire, flood, or theft.
- Bankruptcy & financial planning — asset schedules.
What USPAP means, and why it matters
The Uniform Standards of Professional Appraisal Practice is the national standard for all appraisals in the United States. A USPAP-compliant appraisal:
- Identifies the client and intended users.
- States the intended use and type of value (fair market, replacement, marketable cash value, etc.).
- Describes the property in detail, with photos and measurements.
- Explains the valuation approach and cites comparable sales.
- Is signed and certified by the appraiser, with credentials.
Courts, insurance companies, and the IRS accept USPAP-compliant appraisals. Informal “estimates” without this structure are frequently rejected.
Our credentials
Jeff and Regina Randall are certified personal property appraisers through the Certified Appraiser Guild of America (CAGA). CAGA certification requires initial testing, approved coursework, and ongoing continuing education. We prepare all reports to USPAP standards.
What an appraisal covers
A typical residential appraisal includes:
- Antiques and fine furniture.
- Fine art — paintings, prints, sculpture.
- Jewelry (we collaborate with a gemologist for GIA-grade reports).
- Sterling, coin silver, and silver-plate holloware.
- Collectibles — coins, stamps, toys, sports, advertising.
- Oriental rugs and textiles.
- Clocks, watches, and scientific instruments.
- Quality household contents.
The process
- Call or email to describe the need and set an appointment.
- On-site inspection — 2 to 6 hours depending on quantity and complexity.
- Research phase — 5 to 15 business days, depending on size.
- Written report delivered in PDF and printed form, with photographs.
How appraisals and estate sales relate
They are distinct services with different deliverables. An appraisal is a document. An estate sale is a transaction. Some clients need both; some need only one. At the free consultation we help you choose what actually serves your situation.
Cost note: Appraisal fees are hourly or per-item; they are never a percentage of appraised value. Anyone quoting a percentage of value is not following ethical standards. We quote flat fees for the scope we agree upon.