Worldwide Auctioneers offers several ways to determine the value of your assets, all prepared in accordance with the principles and procedures of the Uniform Standards of Professional Appraisal Practice (USPAP). Whether your needs are estate planning, an insurance requirement, a pre-purchase inspection, or establishing value for a settlement or loan collateral, we have a program for you.
A full Appraisal Report includes a cover letter and a letter of transmittal, a full report with facts and conclusions, a complete value summary including comparables, high quality photographs, and appraiser qualifications.
An individual Appraisal Certificate places a value on a single item, and is often used for insurance purposes and pre-purchase inspections. Our services are based on an hourly rate plus expenses.
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APPRAISALS REPORT
Cover letter and a letter of transmittal
Full report with facts and conclusions
Complete value summary including comparables
High quality photographs
Appraiser qualifications
Why Appraisals are Important
Insurance Purposes
Insurance companies often require appraisals to determine the insured value of a collector car. Classic car and rare vehicles can increase in value over time, and current market value appraisal ensures that your car is properly covered in case of damage, theft, or loss.
Accurate Market Value
Qualified appraisals give you a clear idea of your vehicle’s market value. This is helpful if you are looking to sell your car, negotiate for a loan, you simply want to know the value, or if it is a part of a legal settlement, such as an estate or divorce proceeding.
Tax and Legal Issues
If the car is part of an inheritance, gift, or donation, an accurate appraisal helps in determining the fair market value for tax purposes. Similarly, in legal situations such as divorce settlement, an official valuation is often required to split assets fairly.
Buying or Selling
Whether you’re buying or selling, an appraisal helps ensure that both parties agree on a fair price.
Restoration Investment
If you’ve invested in restoring a classic car, an appraisal can verify how that work has increased its value, which is especially important if you’re planning to sell or insure the vehicle after restoration.
Accessing Capital
An appraisal may be necessary as you value your collector car assets and consider leveraging them to access capital. Whether it’s a business deal, family or personal needs, or simply setting yourself up for liquidity, securing current appraised values can greatly assist you as you achieve your financial goals.
Our appraisals are prepared in accordance with the principles and procedures for the evaluation and valuation of personal property as prescribed by the Uniform Standards of Professional Appraisal Practice (USPAP).
Our Individual Appraisal Certificates are $250.00 each and can be ordered through our Order Form below:
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