An appraisal is a professional estimate of the value of something. Appraisals are commonly used in real estate, art, and antiques. Appraisers use their knowledge, experience, and expertise to estimate the value of the thing being appraised. There are many different types of appraisal services. Real estate appraisers estimate the value of land and buildings. Art appraisers estimate the value of paintings, sculptures, and other works of art. Antique appraisers estimate the value of furniture, dishes, and other collectibles. Appraisers use a variety of methods to estimate the value of the things they appraise. They may compare the thing being appraised to similar things that have been sold recently. They may also consider the condition of the thing being appraised, its age, and its rarity. Appraisers may provide their estimates in the form of a written report or an oral statement. The estimate may be given as a single value or as a range of values. The estimate provided by an appraiser is only an opinion of value. It is not a guarantee of value. The actual value of the thing being appraised may be more or less than the appraised value.
An appraisal service is a company that appraises the value of property, usually for a fee.
There are many different types of appraisal services available, and the type of service you need will depend on the type of property you are appraising and the purpose of the appraisal. Whether you are appraising a commercial or residential property, an art collection, or a business, there is an appraisal service that can meet your needs.