RAB Appraisal Services Inc.
Frequently Asked Questions
- insurance scheduling & claims
- estate planning
- probate, trust, estate settlement
- divorce, dissolution
- equitable division
- charitable donation
- gift tax
- casualty and disaster loss
- pre and post nuptial agreements
- loan collateral
- litigation support
- antiques, collectibles & decorative art
- Rugs & Lighting
- Appliances & Electronics
- Pottery, porcelain, silver
- general personal property contents
- collections & heirlooms
- tangible assets
Appraisal fees for on-site time including inspections, consultations and meetings are $125 per hour with a 2-hour minimum.
Research, documentation and other administrative time is charged at $100 per hour. There is an average of 2 hours of research and documentation time for every hour of inspection time.
Signed contract and deposit (payable by cash or credit card) required at the time of inspection. The balance is due and payable upon receipt of the appraisal.
Expert Witness services including deposition, arbitration and court appearances are charged at $300 per hour, with a 3-hour minimum. Designations may be made only with a signed contract and designation fee.
- Initial telephone consultation to determine services needed and scheduling of appointment (no charge). What will the appraisal be used for? Will the appraisal use fair market value, replacement cost of liquidation value?
- On-site inspection of specified items including inventory, measurements, photography and examination.
- Research, market analysis and valuation conducted after appraiser returns to the office.
- Report writing and documentation. Each item (or group of items) will have a description, condition, value and digital photograph. Appraisals are compliant with the report writing standards of the Canadian Personal Property Appraiser’s Group and the Uniform Standards of Professional Appraisal Practice (USPAP).
- Delivery of the appraisal in approximately 2-4 weeks, depending on the number of items appraised and the appraiser's schedule. It may take longer in some cases. Reports are available by printed copy, CD-ROM or electronic transmission (PDF).
Decide which items are going to be appraised; make a list if possible.
Be clear about the purpose of the appraisal and the type of value you need researched - is it for insurance scheduling, estate settlement, divorce, damage claim, insurance replacement cost, fair market value or liquidation value?
Choose a time for the inspection when distractions will be minimized for you and for the appraiser.
Gather documentation such as sales receipts, certificates, previous appraisals, letters, and exhibition catalogs.
Have all items unlocked and available.
Pull large furniture away from the wall, if possible.
Have good lighting available.
Separate sets of silver, china, stemware.
Unpack boxes of items to be appraised.
The inspection will be more time and cost efficient if you are organized.
Tina Beer Hamlin is a member in good standing with the Canadian Personal Property Appraiser’s Group (CPPAG). Tina has 17 years of appraisal experience in both real estate and tangible assets (personal property items), including antiques and artwork.
In addition, Tina has also successfully completed the Uniform Standards of Professional Appraisal Practice (USPAP) which is published and maintained by the Appraisal Standards Board (ASB) of the Appraisal Foundation. USPAP can be considered the quality control standards applicable for Personal Property, Gems & Jewelry and Machinery & Equipment appraisal analysis and reports in North America. This is accomplished through the promulgation of standards, appraiser qualifications, and guidance regarding valuation methods and techniques. The purpose of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers.
Tina is also the co-owner and Senior Appraiser for Consignment Canada, one of Vancouver’s largest & most successful high-end furniture consignments galleries selling antiques, vintage, collectables, artwork rugs, lighting and costume jewelry. Tina regularly performs appraisals for consignment purposes and has a vast knowledge of fair market value for used goods as well as replacement cost.
RAB Appraisal Services and its consignment company, Consignment Canada does not buy assets appraised.
All appraisals are performed independently by RAB Appraisal Services and options for selling the goods will be provided with the appraisal report. Disposal options can include gifting, donation, private sale, auction houses and/or consignment shops. This decision is solely that of the appraisal client.
Consignment Canada can arrange for disposal of assets at fair market value at the Consignment Canada location if the appraisal client so chooses.