Switzer's offer certified appraisals for Insurance, Probate, Divorce, and Estate distribution for a variety of personal property, antiques, collectibles, art, general merchandise, in addition to industrial/commercial assets. Appraisers are graduates of the Canadian Personal Property Appraisers Group.
All appraisals are documented, researched, entered into the appropriate software, produced, supported, and bound professionally. All appraisals are done in the strictest confidence and released only to you. Appraisal rates are specific to the task at hand. Typically minimum charges are $150.00 for an individual item, with hourly rates applicable to more complex appraisals. Mileage/Travel time is extra when required.
Fair Market value
The Fair Market Value is the price at which the property would change hands between a willing buyer and willing seller, neither being under any compulsion to buy or sell, and both having reasonable knowledge of relevant facts. The Fair Market Value of a particular item of property included in the decedent's gross estate is not to be determined by a forced sales price. Nor is the Fair Market Value of an item of property to be determined by the sale price of an item in a market other than that in which such item is most commonly sold to the public, taking into account location of the item wherever appropriate. Thus, in the case of an item of property included in the decedent's gross estate, which is generally obtained by the public in the retail market, the Fair Market Value of such an item of property is the price at which the item or a comparable item would be sold at retail. Note: Divorce appraisals in Ontario require that these appraisals are done for Fair Market Value.
The appraiser's professional opinion of the dollar amount it would cost to purchase a new or used asset of like quality and specifications. When such an asset is unavailable in the marketplace, and no other comparable or substitute item is available, the appraiser must use their best judgment on a cost approach basis in estimating a value as of the date of this appraisal.
Auction market value
Is the appraisers opinion of the estimated gross amount expressed in terms of dollars which could typically be realized at a properly advertised and conducted public auction without reserve, held under forced sale conditions and under present day economic trends, within sixty days of the appraisal report. Conclusions consider; conditions at time of inspection, quantities and desirability, location, general appearance, psychological appeal, physical condition, cost of similar or like used and or new, degree of specialization or modifications, adaptability, market economics and quality or name acceptance. Further the ability of the asset group to draw sufficient prospective buyers and ensure competitive offers is considered. All assets are to be sold on a piecemeal basis "as is" with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated.
The appraiser's professional opinion of the gross dollar amount to be realized in the sale of all of the assets between a willing buyer and a willing seller in the open market assuming that neither party is under compulsion to buy or sell, both being fully aware of all relevant facts. This value assumes that the property is being sold `as is where is' in good condition to a buyer who will maintain these assets in their entirety, in their present location as of the date of this appraisal. The In-Place takes into consideration the following:
A. The Fair Market Value of the assets.
B. The convenience and cost saved by being in place, ready to use. The In-Place Value places no value upon financial condition of the owners or good will.
Orderly Liquidation Value
The appraiser's professional opinion of the estimated gross amount expressed in terms of dollars, which the asset could typically realize if exposed for public sale at a properly advertised and professionally managed orderly liquidation at a listed or negotiated price usually within a specified time as of the date of the appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers are considered. All assets are to be sold on a per item basis, in "as is" conditions with purchasers responsible for removal of assets at their own risks and expenses. Any deletions or additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated.