In today’s quickly moving markets it’s vital to keep track of your vehicle’s current value, especially for insurance coverage. You must be properly and adequately protected against loss.
An appraisal is the opinion of the value of property at a specifically defined point in time, past or present. An appraisal can also entail the forecasting of monetary earning power. An appraisal is a document with a value opinion; it is not a pre-purchase inspection, a mechanical evaluation or a recommendation to buy or sell your vehicle.
We first determine the proper approach based on the purpose of the appraisal and your specific need. This is vital to meet the proper definition of an appraisal as the purpose defines the type of value sought. All appraisals must be documents with a value opinion, as contrasted with pre-purchase inspections, or consultations on buying or selling your vehicle. An appraisal report should be an accurate and legally robust document. We are also experienced in executing forensic work, wherein the vehicle may have been heavily damaged or a total loss; we work to determine the pre-loss value, an exacting task.
All of the appraisal reports Automotive Valuation Services provides conform to the Uniform Standards of the Professional Appraisal Practice (USPAP), which ensures the highest quality appraisal possible for your vehicle or collection. USPAP compliance is also widely considered a mark of an IRS defined “Qualified Appraisal” because tax and court authorities frequently look for USPAP compliant appraisals in determining the acceptability of an appraisal report as a “Qualified” one. Your appraiser must be aware of the rules and requirements of estate tax return appraisal reports in order to deliver accurate, credible reports.
When seeking a valuation of your collector vehicle or collection for Marriage Dissolution or Settlement, we have knowledge of the appropriate type of valuation needed as well as the varying statues assigned by different states. We are competent and experienced in working as the impartial appraiser of record for both parties, saving time and money in the process.
We deliver a detailed, measured approach to appraising. This is vital when preparing an appraisal report for Charitable Donation, which must comply with the stringent requirements of an IRS “Qualified Appraisal”. In addition, the appraiser must be careful to use the correct type of valuation and work to USPAP compliance in the preparation of the appraisal report and supporting documents. This will ensure clear understanding and acceptance by the tax authorities and avoid problems for the donor and receiving organization.
We are experienced in working for clients and law firms on appraisals prepared for cases in litigation. Our credentials help to underscore our careful, ethical, confidential execution of our appraisal work and our familiarity with and adherence to the highest principles and concepts of appraisal practice.
As an extension of the work we do for litigation we also offer Expert Witness Services. Donald Osborne has worked for clients in depositions, appraisal review and reporting as well as a courtroom witness in several states.
