personal property appraisal

Personal property appraisal is the professional process of determining the value of individual belongings, such as jewelry, artwork, collectibles, or furniture. An appraiser assesses the item's condition, rarity, age, market demand, and recent sale prices of similar items to estimate its worth. This valuation helps in various contexts, including insurance coverage, estate planning, resale, or tax purposes. The goal is to provide an accurate, unbiased estimate that reflects the item's true market value at the time of appraisal.