Estate Valuation of Personal Property

PERSONAL PROPERTY VALUATION SERVICE

Yellow Bird is a full-service estate sale company and personal property firm dedicated to the highest standard of professionalism. The staff is comprised of trained and experienced Team Members and researchers who are able to provide estate valuation of personal property services for a wide range of items.

WHAT DOES YELLOW BIRD PROVIDE VALUATION SERVICES FOR?

Yellow Bird specializes in the personal property valuation of antiques, artwork, automobiles, decorative arts, designer furnishings, collectibles, jewelry, firearms, farm equipment, memorabilia and household contents. With decades of experience, Yellow Bird can value one item or an entire estate, from the rarest work of art to ordinary household contents.

WHO NEEDS AN ESTATE VALUATION

Yellow Bird customizes personal property appraisal services to families, attorneys, courts, heirs, banks, museums, historical properties, non-profit organizations, government agencies, insurance companies, and businesses. These services include values for all aspects of Estate Planning, Insurance, Equitable Distribution, Charitable Contribution, Arbitration, and Dissolution of Marriage.

HOW DOES THE PERSONAL PROPERTY VALUATION PROCESS WORKS?

An appointment is made to review the personal property to be appraised. A detailed Project Estimate for the appropriate VALUATION services is forwarded to the client for review and approval.

INITIAL EXAMINATION

A follow-up appointment is made to begin the formal estate VALUATION of personal property process including the examination by the qualified Team member. The goal of the Yellow Bird Team Member at the time of the inspection of the personal property is to gather the necessary data including, but not limited to, a description of each item, measurements, signature(s) and/ or markings, medium, condition, circa, and digital photographs.

RESEARCH PHASE

Using the company’s extensive research sources, library, experts, and current market data personal property is properly analyzed and values assigned with a high degree of accuracy. By constantly monitoring each level of the marketplace Yellow Bird specialists maintain a solid working knowledge of both the retail replacement value and the fair market value of items that are appraised. This ensures that our customers receive the most accurate information after the personal property appraisal is completed.

THE FINAL REPORT

The final report concludes the personal property appraisal process, and it is a well-researched written document that will include: item identification and description, definitions, market analysis, bibliography and resources, and photograph(s) of the subject personal property. The report will be specifically tailored to your VALUATION needs.

Typically, the preparation of the personal property VALUATION report takes approximately 45 days after the receipt of your signed approval of the Project Estimate. Reports are prepared to current professional standards and the Uniform Standards of Professional VALUATION Practice.

We offer competitive rates on all of our services. There is no charge or obligation for an initial walk-through consultation. A fee for VALUATION services and the compilation of a report is $175.00 per hour plus the actual expenses. Depending on the size of the project a retainer may be required to commence with the VALUATION process.

THE VALUATION FEE

In accordance with professional ethics, fees are based upon time and materials expended and never on the value of items appraised.