What’s a furniture appraiser?

[ad_1]

A furniture appraiser assesses the value of furniture. He bases his valuations on a number of factors such as age, designer, condition and market value. The value he places on the furniture is included in a formal written appraisal, along with a statement of the validity of his judgment and experience.

People seek out the services of a furniture appraiser for a variety of reasons. They may have a simple curiosity about the value of a particular item, perhaps something they found in Grandma’s attic or something they bought at a yard sale. More often than not, appraisal is sought to add value to an item being bought or sold.

Furniture appraisers can also work with a variety of companies. Banks, for example, may require an official valuation of furniture before proceeding with bankruptcy proceedings. Furniture appraisers also often provide appraisals to insurance companies before the company writes a homeowners insurance policy. A furniture appraiser can also work with a moving company to appraise furniture prior to shipment to eliminate disputes over its value should damage occur during the moving process.

In addition to a written assessment of value, a furniture appraiser will typically name designer and brand names in their appraisal. Videos or photographs showing all angles and sides of furniture are a regular part of the assessment. The general condition of items, along with applicable historical references, are also normally included in the valuation.

To accurately verify the authenticity and value of the pieces, the furniture appraiser must be aware of the latest market trends and values. He is also required to have a trained eye to spot counterfeits. Your furniture knowledge should be extensive and include familiarity with the markings, styles, and materials that authenticate antiques and period pieces. Knowing how rare the part is and how its condition measures up to similar market offerings is helpful.

Furniture appraisers with a good reputation for fairness and accuracy are always in demand. They can be hired by auction houses or antique dealers. During valuations of vast properties, furniture appraisers are needed for the products to be auctioned. It is common for real estate appraisers to measure and photograph furniture. Offsite, he compares his photos to catalog images to compare values ​​of similar or identical parts.

The training and education of furniture appraisers varies. Some auction houses or large antique dealers require that contract appraisers have training and experience in galleries, retail stores or other auction houses. Those seeking a career in furniture appraising regularly seek assistant appraiser positions with reputable establishments. Many appraisers learn their craft through independent study. Aspiring furniture appraisers can also find a mentor willing to teach them in exchange for administrative or research work.

[ad_2]