PPAG - FAQs | Personal Property Apprasial Group

Appraisals

Who is a Professional Appraiser?

We recommend finding an appraiser who:

Has formal education, membership & accreditation with a recognized, professional appraisal organization such as the Canadian Personal Property Appraisal Group
Has a formal education, background in or experience with the type of personal property for which you require an appraisal
Has an understanding of the correct market for your property and the ability to apply the correct principles of valuation
Adheres to USPAP standards (Uniform Standards of Professional Appraisal Practice)
Has a fee structure based on a system other than a percentage of the end appraised value, for example, most appraisers charge per hour, per diem or a flat rate for the project

The Personal Property appraisal industry is not regulated by the government. A Personal Property appraiser does not require a government license.

What should you expect in your Professional Appraisal Report?

There are recognized ethical and performance standards for the valuation profession. Known as the Uniform Standards of Professional Appraisal Practice, or USPAP, these guidelines exist as a generally accepted set of standards of professional appraisal practice.

Your report may include the following information:

Client Name, Address, phone numbers ad email addresses
Intended Users of the Appraisal
Purpose of the Appraisal; Insurance, Divorces, Estate, Resale, Donation, etc.
Type of Valuation Used & Definition; Replacement Cost, Fair Market Value, etc.
Market in which the valuation is applied and accompanying market analysis
Acquisition Information and Provenance (if available)
Statement of Appraiser Disinterest
Statement of Assumptions and Limiting Conditions
Effective Date (date of inspection or date or appraisal preparation, etc.)
Statement of Physical Inspection of Property
Thorough Description of Appraised Items
Condition of Appraised Items
Market Comparables (and related analysis as necessary)
Statement of Value
Signature of Appraiser
Appraiser Qualifications
Statement of Number of Pages in Report
Photographs and more

How do we get started?

Please call toll free 1-866-544-4040 to discuss your appraisal needs.

Our appraisers will help identify the subject of the appraisal, the purpose of the appraisal, and for whom we will be appraising the item(s) for. Once we have determined those and other factors affecting value, we will then schedule an appointment to view the property to be appraised. The item(s) will be inspected, photographed and details about the items(s) will be recorded. Any receipts, past appraisals or any other related documentation as it relates to the item(s) could be made available for reference.

How long does it take?

The length of time required for the appraisal varies according to the number of items that we are asked to appraise and the scope of the appraisal requested. The Personal Property Appraisal Group will have your appraisal document completed according to our client’s schedule.

What is the cost?

Our fees for our professional services are competitive and charged on an hourly basis and/or flat rate basis that can usually be estimated before we start your appraisal.

The Personal Property Appraisal Group can provide a written estimate of cost once we determine the complexity of the appraisal, our client’s needs and the scope of the appraisal.

Our goal is to get your objective realized and to accomplish that is a timely and cost efficient manner!

What kind of payment do you accept?

The Personal Property Appraisal Group accepts cash & certified cheque.

What areas do you service?

The Personal Property Appraisal Group regularly services the GTA to Hamilton to Niagara to Brantford. We will complete appraisals in Toronto, Oakville, Burlington, Hamilton, Niagara, Brantford and all of Southern Ontario, Canada. We will travel further abroad for special assignments.