Let’s start from the beginning. First of all, many people don’t actually know what an appraisal is and/or everything an appraisal should entail. According to Merriam Webster, an appraisal is “a valuation of property by the estimate of an authorized person.” This means that for an appraisal to happen, there must be some type of property, an estimate, and an authorized person involved. A lot of times, antiquers take a look at similar items in the market to theirs and sell them for a similar price. Unfortunately, that price might be a major undervaluation of the actual worth of the item. That’s where appraisals come in! Learn about the top 3 ways appraisals will benefit you the next time you find an antique and ponder its worth.
Whether you plan on selling your antique or not, knowing its value is a curiosity you’ll likely want to satisfy. Sure, we hear in the news or see in a movie that someone finds what they might consider a piece of junk but later learn it’s actually worth hundreds, or even thousands, of dollars. Although that type of story doesn’t typically happen, you might learn that there is a pretty good price on the old lamp you found in your attic. Getting an appraisal gives you the chance to learn the fair market value of your item based on a variety of factors, including the condition of the item, it’s age, how it has been used or could be used, it’s relevance today, and more. All of these have some sort of value that will go into the final price of your antique or collectible. Rather than assuming it’s worth ten dollars in a garage sale, give it a chance with a certified appraisal from a local appraiser.
Before you consider searching “DIY appraisal guide” in Google, remember that you want to know the fair value of your antique item. By doing this, you likely won’t get an accurate number and find out doing your own appraisal is a lot harder than expected. When you go to an accredited appraiser in your area, you will receive an in-depth investigation and report detailing the background, explanation, and estimated value of your collectible piece. If you go with someone who is not a certified appraiser, you run the risk of getting an inaccurate estimation or out-of-date pricing. Instead, working with a certified appraiser, with experience appraising antiques, will provide you with an in-depth record of your antique’s background and market value. Learn more about the value of getting a certified antique appraisal.
Another benefit of getting a professional, certified appraisal for your antiques is what you get after the appraisal is complete. Many appraisers offer useful advice if you’re interested in selling or trading your antiques. They can let you know of online marketplaces where you’ll find fair trades now that you know the value of your antique. An appraiser can also offer advice about how you can best maintain your antique item(s) over the years to even increase its value.
If you need a personal appraisal for an antique or collectible, come to The Picker Knows in West Des Moines. We have a certified appraiser on our team with over 10 years of appraisal experience. With the appraisal, you will receive a complete appraisal report including a summary, analysis, certification, and value listing of your antique, all for the price of $125 per item to be appraised. We can also appraise more than one item if you would like a whole collection appraised for the cost of $100 per hour, allowing time for research and completing the appraisal for every item. With our active participation in the Midwest antiquing community, we can help you find the right places to sell or trade your antique based off of its market value or even new places to look in order to turn your antique into a collection! Contact The Picker Knows to schedule your personal appraisal today.