Whether you are buying or selling a home, insuring an engagement ring, taking on a business partner, or in need of an expert appraisal witness in court, you should be picky when you decide to hire a professional appraiser. We invite you to explore our FAQs for Consumers and our Consumer Library for answers to common question, tips on collectibles, and much more.
Let’s start with the basics...
An appraisal is a valuation of property provided by a professional appraiser such as those designated by ASA. A professional appraiser will prepare a comprehensive report for their clients which provides his/her opinion of value at a given point in time for any type of property whether it be a business, a diamond, an electricity-generating windmill, a sculpture, a house, or more.
Preparing an appraisal involves research, analysis of all pertinent information, and the proper experience, knowledge and judgment to make a reasonable and supportable opinion of value.
ASA-Designated appraisers provide exceptional valuation expertise as they earn their designations only after completing a rigorous course structure and peer-evaluation process requiring years of study, experience, dedication, and commitment. ASA-accredited appraisers follow professional standards set forth by the Appraisal Foundation as well as ASAʼs own Code of Ethics and Principles of Appraisal Practice to provide a credible, objective opinion of value.