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The evaluation of Personal Property must be approached
differently than that of real estate. While it is all property, one of the
major differences in the evaluation of Personal Property as opposed to real
estate is that of the portability of Personal Property. Since real property
cannot be moved, this factor can be and is, an important consideration in the
appraisal of real estate. With Personal Property, given its portability, this
factor affects how a property is marketed, which in turn affects its value. One
of the first considerations given by the Personal Property appraiser is in what
market it will be sold. Sellers want to sell their property in the market which
will give them the highest return on their property. This may be a retail
store, farmers market, antique auction house, etc. The best Personal Property
appraiser will first determine the market for a property, then determine how
much the property will bring in that market. Due to market complexities,
Personal property can best be appraised by the most experienced Personal property
appraisers.
At our firm, we handle the appraisal of Personal property
anywhere in the country. To learn more about what we can do for you, please
contact us for a complimentary consultation.
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