Cambridge Appraisals provides a full range of appraisal services and will guide you through the appraisal process. Our goal is to make the appraisal process as simple as possible for our clients.
The appraisal process begins with an initial phone conversation to determine your appraisal needs and to discuss the personal property to be appraised. At this time we will schedule an onsite inspection. The inspection itself may be conducted onsite (your home, office, storage area, etc.) or at our location.
During this time we will carefully identify and record physical characteristics and condition, take measurements, and obtain photographs of all property to be appraised. The inspection generally takes 1 to 2 hours for a single item to multiple days for large estates or collections.
Research takes place at our office after the inspection of the items is complete and written authorization has been obtained. Research is the most extensive part of the appraisal process and includes identifying materials, markings, labels, manufacturer/creator, verifying dates and locating comparable items. We will investigate markets and market conditions and determine the appropriate approaches to value. Value conclusions are based on comparable sales for each item. Research is done using our extensive library of reference books, auction catalogs, online auction databases, and our network of knowledgeable colleagues and consultants.
The client is provided two bound copies of the completed appraisal. The report includes a cover document detailing the process taken, definitions of values used, complete itemized list of the property appraised with descriptions, photographs, and appraiser’s qualifications.
All appraisal reports conform to the Appraisal Report Writing Standard and Code of Ethics as set forth by the International Society of Appraisers, the Uniform Standards of Professional Appraisal Practice (USPAP), and guidelines issued by the IRS.
A copy of your report is kept in our files for five years and additional copies can be provided upon request for an additional charge.