Dave & Lisa Banister Owners
(Registered Wisc. Auction Co. #375-053)
Col. Roger Anderson Auctioneer (Wisc. Auctioneer License #1962)
Certified Personal Property Appraiser
Jerry Chuilli, CAGA is owner/appraiser of Chuilli's Auction Service LLC. Jerry
completed the personal property appraiser certification program with the
Certified Appraisers Guild of America in March of 1998. With over 30 years
experience in the auction profession Jerry has earned the respect of dealers,
collectors and the general public for his superior business ethics, as well as
knowledge of the antiques & collectibles market.
Jerry appraises many types of personal property including: antiques, sporting
collectibles, collections, residential contents, office and business contents.
Jerry does not appraise jewelry, paintings or industrial equipment.
An hourly rate or flat fee is charged for appraisal services and not a
percentage of property value. Jerry is not a dealer and does not buy from
clients. With no interest involved in the client's belongings this insures you
of a fair and objective appraisal.
Each appraisal is personally researched and written by Jerry. Normally the
report will be issued within 14 days following the inspection of the property.
In some cases, the report will take longer depending on the number of items or
the complexity of the assignment. The client receives two copies of the report
and one is retained in our files. Additional copies can be provided upon
request. Depending on the appraisal, photographs may be included in the report.
While each and every appraisal is different they all have the same elements in
common:
Examination
Photographs
Research
Market analysis
Consolidation of data
The report
There Are Many Reasons You Might Need An Appraisal. Some Of The More Common
Reasons Include:
Divorce settlement
Estate disbursement
Estate planning
Insurance claims
Liquidation
Donations
Loan collateral
What Is An Appraisal? The Uniform Standards of Professional Appraisal Practice defines an appraisal
as: the act or process of developing an opinion of value.
Opinions of value are not guesses, but rather they are informed opinions based
on facts gathered from within the most appropriate marketplace. Such information
is referred to as market data, and it forms the foundation which supports the
appraiser's arguments.
An appraisal is considered a legal document if it is written by a certified or
accredited appraiser.
Pre-Appraisal Preparation Checklist In order to expedite an upcoming appraisal and in the process may save you
money, please consider the following suggestions:
Decide on the items you want to have appraised
Ensure that items located in the attic, basement, closets and out buildings are
open for view
Unpack items that are in storage trunks or boxes.
Put all things of like kind together such as flatware, crystal, dishes etc.
Gather together receipts, sales slips or earlier appraisals, if any.
Large pieces of furniture may need to be pulled away from the wall to inspect
the back. Be prepared to remove any lamps, picture frames or breakables which
might be damaged in the process.
If there is a vehicle, boat, trailer, ATV etc. to be appraised be sure to have
them and the titles or registrations available for inspection.
If the appraisal is for an estate and there is a will, make sure that all the
items specifically bequeathed are available for inspection.
What To Look For In A Professional Personal Property Report
With the government, courts, judges, banks, attorneys, accountants, insurance
representatives, and other professionals examining more closely the personal
property appraisal report, it is important to know what to expect from a
professional personal property report.
Here are a few points that a professional report should have:
A complete and accurate description of the property written in such a manner
that it can be identified without photos.
The methodology and sources relied upon, including market analysis and market or
markets selected.
The date and location of inspection, and the effective date of value.
A definition of value appropriate to the type of appraisal.
The appraiser's qualification page.
The appraiser's signature.
The appraiser's statement that the appraiser does not have a financial interest
in the property
You should confirm with the appraiser that the appraiser's report can be
defended in court if needed.
Do Not Accept An Appraisal If:
It is hand written or unsigned.
The fee is based on a contingency or upon the value of the property.
The appropriate purpose and assigned use are not stated.
The appraiser is not willing and able to defend it.
What is the Certified Appraisers Guild of America? The Certified Appraisers Guild of America (CAGA) is a professional accrediting
organization providing certification of personal property appraisers. The Guild
has been instrumental in helping to standardize the personal property appraisal
profession. The members of the Certified Appraisers Guild form a network of
valuable appraiser contacts throughout the United States and Canada.
The Guild has members in all 50 US states and 6 Canadian Provinces, the
Certified Appraisers Guild of America is North America's #1 trainer of personal
property appraisers. On an annual basis, it trains more personal property
appraisers then any other organization in North America.
The Certified Appraisers Guild of America confers the professional membership
designation CAGA to recognize the completion of the appraiser's certification
education. In addition, the members have made a commitment to the Certified
Appraisers Guild's Code of Professional Ethics and to the Uniform Standards of
Appraisal Practice (USPAP)
Certified Appraisers Guild Of America Code Of Ethics
The Appraiser shall obtain the relevant facts relating to the subject property
to form the final conclusion of value.
All formal appraisal reports shall be in writing and signed by the appraiser.
The Appraiser shall disclose any interest in the subject property and will
accept an appraisal assignment only if the appraisal can be performed without
bias.
The Appraiser shall maintain the confidential nature of the appraisal report.
The contents of the report shall not be disclosed without consent of the client
or by court order.
The fee charged by the appraiser shall be independent of the value the report.
The appraiser shall maintain respect for others in the appraisal profession.
