Tuesday, December 28, 2010

PERSONAL PROPERTY APPRAISERS - DOING A THOROUGH JOB PAYS OFF

DOING A THOROUGH JOB
MIAMI, Florida - I'm pleased to reprint this letter of recommendation that one of our Florida customers posted on a review site. After completing appraisals, our policy is to send a memo to our clients advising them where they can review our company's products and services. Of course, this can be a double-edged sword. If there are complaints about any aspect of what we do it reflects negatively on the company. Potential customers can be swayed by bad reviews. Some of these sites like http://insiderpages.com/ or http://yelp.com/ reach millions of readers online.

"What sets the St. Lucie Appraisal Co. apart from most personal property appraisers is their thoroughness. Two weeks after our report was completed they called because an art gallery returned their call to add info on a painting that resulted in a higher value. They re-did our report and the insurance company was fine with it. Not too many professionals go out of their way to re-open cases if they don't have to but these guys did."

This was an instance where an art gallery owner contacted me with information about a painting I had been researching. A similar work of art had been sold for much more than my evaluation. Even though my customer had no way of knowing about the call, the only right thing to do was to inform them that I'd be revising my appraisal to reflect the increased value.

For the thirty extra minutes it took to update the evaluation and mail it to my customer, St. Lucie Appraisal received a great review that will be read by many people.

Word-of-mouth is the best marketing tool a business can have.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net
Web Site: http://stlucieappraisal.net/





Keywords for this article: APPRAISER, art, FLORIDA, Florida personal property appraiser, insurance, Miami, St Lucie Appraisal



Revised 09-04-2012
Updated 06-20-2013

Wednesday, November 24, 2010

APPRAISING MUSICAL INSTRUMENTS - RULES FOR DONATING TO CHARITIBLE ORGANIZATIONS IN FLORIDA


APPRAISALS OF ALL TYPES OF MUSICAL INSTRUMENTS

APPRAISING MUSICAL INSTRUMENTS IN FLORIDA  
The St. Lucie Appraisal Co.
P.O. Box 2700, Fort Pierce, FL 34954
772-359-4300
http://stlucieappraisal.net/

FIND US FAST UNDER “APPRAISERS” IN THE AT&T REAL YELLOW PAGES

Service throughout South Florida

FORT LAUDERDALE, Florida - It used to be that when a person wished to donate a valuable musical instrument to charity for a tax credit, the accompanying valuation appraisal was prepared by someone at the music store where you bought the item. Since the Internal Revenue Service changed their rules prohibiting the appraisal of donated items by “Excluded Individuals,” St. Lucie Appraisal has seen an increase in the number of requests to appraise musical instruments. If you wish to donate a piano to your church or to a charity, the valuation appraisal cannot be prepared by that music store anymore. Similarly, if that store is involved in selling your instrument through consignment, your IRS appraisal cannot be written by that store.

Please feel free to call St. Lucie Appraisal when you need appraisals for donations of all types of personal property including art, antiques, collectibles and valuable musical instruments. We arrive promptly, complete our reports in a timely manner and we will work with you to make sure that you obtain the highest tax credit available for your donated items.
We are USPAP Compliant and Licensed by The State of Florida.

________________________



Keywords for this article: charity, donating, donations, FLORIDA APPRAISAL, FLORIDA piano appraiser, Fort Pierce, insurance appraise, IRS, musical instrument, PERSONAL PROPERTY APPRAISER, piano, st. lucie appraisal company, church


Revised 12-06-2012
Updated 06-20-2013

Thursday, November 18, 2010

BANKRUPTCY LAW AND YOUR PERSONAL PROPERTY

BANKRUPTCY AND PERSONAL PROPERTY


BOCA RATON, Florida - Disclosing all of your assets in a bankruptcy schedule is mandatory. In a Chapter 7 case, unless exemptions or an injunction exist, everything you own becomes the property of your creditors. In a Chapter 11 case, a debtor usually retains his possessions while a restructuring of debt takes place. The debtor may elect to exempt certain items from the bankruptcy estate through an "ownership allowance" found in the Means Test, a determination of whether the debtor qualifies for Chapter 7 protection. An assignment given to St. Lucie Appraisal involving Tangible Personal Property usually is in connection with a Chapter 7 filing in Florida.

Will you be able to get in your car and drive away from all of this? In Ransom v. MBNA AMERICA BANK, in 2007, The United States Bankruptcy Appellate Panel of the 9th Circuit Court made an interesting ruling with regard to motor vehicles. If you own your car outright, it is fair game and becomes a part of the personal property you will forfeit. However, if you owe even one payment the situation reverses; you can elect to keep your wheels. In essence, you are buying the unprotected equity in the car. You may place a lien on the automobile yourself in order to qualify for the car allowance by creating a simple written promissory note. Regarding the ownership of multiple vehicles, the Court also made provisions as to amounts of expenses allowable to the debtor, depending on the region the debtor resides and/or the number of cars the debtor possesses. As always, consult your legal advisor for a firm clarification of your rights under current bankruptcy law. There are also a number of blogs and other on-line articles which offer assistance.

Here is a part of the Courts conclusion:

The bankruptcy court determined that, by deducting a vehicle ownership expense under § 707(b)(2)(A)(ii)(I) for a car that he owned free of encumbrances, the debtor did not devote all of his projected disposable income to fund the plan. The bankruptcy court thus denied plan confirmation pursuant to § 1325(b)(1)(B). We agree with the courts that hold that a debtor has no right to deduct a vehicle ownership expense when he or she makes no lease or loan payments on the vehicle. Under § 707(b)(2)(A)(ii)(I), the deduction of a vehicle ownership expense only applies to the debtor when he or she has that particular expense.

Explain why you feel that you are entitled to avoid a lien on some or all of your Personal Property. Items that may be necessary for you to make a living are good examples. Make a case why your living room furniture has little or no resale value. Your local bar association can refer you to a lawyer specializing in bankruptcies. The preceding link is for Martin County, Florida bar association. One final word regarding your choice of attorneys. While a competent practitioner can save you a lot of time, money and emotional stress, you would do well to interview a few of them. Have they represented trustees and creditors as well as debtors? Legal fees aren't inconsequential so find out what services are included and whether you'll have an open channel of communication. If your legal team negotiates a good outcome on your behalf it will be a major step toward a fresh start.

_______________________________



Keywords for this article: bankruptcy, chapter 7, FLORIDA, Martin County personal property appraiser, PERSONAL PROPERTY, St Lucie Appraisal, st. lucie appraisal company


Revised 09-04-2012
Updated 06-20-2013

Tuesday, November 16, 2010

IT IS DONATION SEASON AGAIN. GET YOUR TAX CREDITS NOW.

Donations for Tax Credits in Florida
HOLLYWOOD, Florida - Donating items to charitable organizations benefits not only all of the worthy causes out there but you, the taxpayer, as well. For those who don't know, when you donate an item to charity, you may deduct the appraised amount from your federal taxes. You must make your donation within the same calendar year as you are filing for and, for items over $500.00, obtain an appraisal (also tax-deductible) from a state licensed appraiser such as The St. Lucie Appraisal Company. We will also provide you with a completed IRS Form # 8283.

In Florida, along with the well-known charities like The Red Cross,  The Salvation Army and Feed the Children, there are local organizations including Episcopal Charities of Southeast Florida and A Second Chance Puppy and Kitten Rescue and Treasure Coast Hospice.

One of the advantages to donating items such as electronics and automobiles is that depreciable items such as these will tend to be at worth a lot more now than in a few short years. This is especially true if parts necessary to make vital repairs become unavailable. Another factor to consider is the market. Except for the highest-end items, these may include collectibles, antiques, boats, etc., merely valuable tangible personal properties aren't attracting the number of buyers they once did. Our appraisals reflect market values which are based on what someone will pay for something in an arm's length transaction.

IRS Publication 561 can help explain more about the requirements and benefits of donating. Our company performs market value appraisals throughout South Florida. Email contact@stlucieappraisal.net if you have any questions or comments about this article.
_______________________________



Keywords for this article: arm's length transaction, charity, donations, Episcopal Charities of Southeast Florida, FLORIDA, Form 8283, IRS, Red Cross, Salvation Army, St Lucie Appraisal, tax-deductible, Treasure Coast Hospice


Revised 09-04-2012
Updated 06-20-2013

Thursday, October 28, 2010

APPRAISALS OF WATCHES AND OTHER VALUABLE TIMEPIECES


APPRAISALS OF WATCHES

PALM BEACH, Florida - It is with pride that collectors display the objects of their passions. None take more care in maintaining and insuring the safety of their collections than watch lovers. From the avant-garde to more classic styles, timepieces represent technical excellence. They are incomparably crafted and the designs rival any art you will find in museums. Great watches are symbols of both prosperity and infinity. Many companies have made watches since the 1700s. They are prestigious dynasties and owning a piece of them is an incomparable feeling. Most of us appreciate the individualism that such an accessory represents. Properly insuring your collection is of paramount importance.

Appraising the value of a watch is difficult though. Rarity of many classic watches and clocks makes using comparables almost impossible. Therefore, appraiser's discretion must be used. Even the obscure pocket watch is enjoying a renaissance. Many timepieces were horological revolutions and are considered for their historical significance as much as for their features. Extraordinary designs and innovations such as the chronograph that were revelations in their time retain value.

Here is a list of watchmakers, mostly Swiss, whose products are considered the most collectible.

Rolex
A. Lange & Sohne
Richard Mille
Bovet Fleurier
Bulgari
Chopard
Audemars Piguet
Cartier
Van Cleef & Arpels
Parmigiani
Jaquet Droz
Patek Phillippe
Girard-Perregaux
Vacheron Constantin
Blancpain
Milus
Harry Winston
Franc Vila
Panerai
Piaget
Jaeger-LeCoultre
Glashutte
Montblanc
Jacob & Co
Carl F. Bucherer
Hermes
Bovet Fleurier
Hublot
Graff
Bell & Ross
DeWitt
F.P. Journe
Victorinox
Corum
Ulysse Nardin
Urwerk
Breitling
Ulysse Nardin Forgerons
Zenith
Cvstos
Anonimo
de Grisogono
Arnold & Som
Franck Muller
Graham
IWC
Roger Dubius

Also to be considered in evaluating timepieces are limited editions which are, naturally, rarer and more collectible. Resources such as The International Watch and Jewelry Guild (IWJG) and National Association of Watch and Clock Collectors (NAWCC) may also be consulted for their expertise. The St. Lucie Appraisal Company takes pride in providing accurate evaluations of all types of collectibles including watches and other timepieces. Please feel free to call 772-359-4300 with any questions or to request an appraisal from us.

Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Orlando, Pensacola, Fort Myers, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainesville, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00

All other services and additional time when necessary  $75/Hr.

You may obtain appraisals for Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Collectibles and Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.


 
 
 
The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net






Keywords for this article: APPRAISAL, Bulgari, Cartier, clocks, collection, FLORIDA, insurance, Patek Phillippe, Piaget, Rolex, swiss, timepiece, watch, watches


Revised 09-04-2012
Updated 06-20-2013

Saturday, August 14, 2010

SMALL BUSINESS VALUATIONS IN FLORIDA

SMALL BUSINESS VALUATIONS IN FLORIDA


PALM CITY, Florida - Today I'd like to write about the different ways a professional can go about evaluating a business. Hidden deep in places only the current owner knows are minefields like pending lawsuits, staffs made up almost exclusively of relatives and insider information about cash transactions that could be much greater or less, depending on who is asking questions. Were the businesses furnishings and equipment purchased new or at rock bottom prices from an auctioneer? If new, how long ago? What does the lease look like? Is there room to expand either the facility or the product line? Of particular importance is how long the business has thrived in it's present incarnation (products, location, etc.). Those occupying the same structure for many years should be required to produce lots of financial records. Conversely, newer businesses must be judged and appraised by a different set of standards - using an asset based valuation method. Where is the business located? It almost seems like different standards apply as to general locations too. In Miami, Fort Lauderdale or West Palm Beach you'll find more unusual situations than in smaller cities such as Stuart or Fort Pierce. In rural Florida, where development significantly alters demographics, new business ventures can be like buying Lottery tickets - guaranteeing success is impossible because there's no set of statistics to rely on.

Restaurants, of course, always seem like logical investments for both those already in that business as well as the dreamers among us. Want to sell liquor? The liquor license alone could be the establishment's most valuable asset or no more than a convenience item. Liability insurance rates usually increase dramatically once liquor is added. If the place doesn't serve liquor, perhaps, as we have here in Florida, it serves wine and beer only. Is a liquor license obtainable - and for how much? The clear deterioration in restaurant spending hits specialty restaurants particularly hard. This factor must be addressed if you plan to sell sushi instead of sandwiches. Does the restaurant have intangible assets such as customer lists, contracts or affiliations with groups using the facility for meetings, etc? Have they developed an online presence such as a web site or blog?

Regardless of the type of business there are other important considerations such as competition from like businesses, is there a strong management team in place, does the business offer diversified products, can it withstand a weak declining market? Become familiar with the term "intrinsic value." It is basically the study of quality or value. Assuming it performs well, will you be happy in this business?

Want to open a nursery and shop along a busy state highway? How far from Wal-Mart and Home Depot's plant shops? When it comes to ornamentals, it may seem as if there is an overabundance of wholesalers out there but when stocks are low and the big box guys both out-order and out-bid you there's nothing you can do - unless the plant wholesaler is your cousin, and even then the percentages are probably against you.

An appraiser or CPA can give you a big edge in purchasing existing businesses. We'll find answers to both the important questions and those that might seem trivial but usually aren't. Truthfully, it's not rocket science and anyone can do it but preparing a thorough report is time consuming. Have lots of time on your hands? Do it yourself. Before long, you'll get the hang of it. Need a better, more experienced set of eyes to do it for you? Spend a few thousand dollars and sleep better at night on that mattress full of cash your small business earned for you. Call a Business Valuation Appraiser such as St. Lucie Appraisal or a CPA.


Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Orlando, Pensacola, Fort Myers, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainesville, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00

Small Business Valuations $75/Hr.

All other services and additional time when necessary  $75/Hr.

You may obtain appraisals for Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Collectibles and Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.


 
 
 
The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net





FIND US FAST IN THE AT&T REAL YELLOW PAGES
 
 
 
 
Keywords for this article: APPRAISAL, APPRAISER, business, CPA, FLORIDA, Fort Lauderdale, Fort Pierce, furnishings, insurance, Miami, restaurant, small, small business, st. lucie appraisal, Stuart, valuation, West Palm Beach


Revised 09-04-2012
Updated 06-20-2013


Sunday, July 4, 2010

STOLEN COMIC BOOKS - ARE YOU PREPARED TO LOSE EVERYTHING AND GET NOTHING IN RETURN?


STOLEN COMIC BOOKS

THEFT - Approximately 38 comic books were reported stolen from a private residence near Indianapolis, Indiana on May 4th, 2010. According to the owner, all of the books were graded by the CGC in Sarasota, Florida and were in graded/slabbed condition when they were taken from the residence.

THEFT - A rare first edition of the Spider-Man comic is among $20,000 worth of comics that have been stolen at gunpoint in New York.

THEFT -Bellevue police think they're close to catching someone who stole about 6,000 comic books last month from a home north of downtown in the 10000 block of Northeast 15th Street. The owner had stored the comic books at the residence in January and reported them missing late in May.

THEFT - My comic book collection was stolen from a communal storage locker area in my apartment building. I most likely left my locker open, and 1 of the 9 other locker room users found my locker open. Otherwise a maintenance person with a key broke in and stole the books.

THEFT - At 4:40 p.m., a Polnell Road resident reported that a previous renter stole a 1930s comic book from him.

THEFT - A not-so-friendly neighborhood thief was sentenced Thursday to seven years in prison for stealing a rare 1963 Spider-Man collector's comic book. Authorities never recovered the second-edition comic, based on the fictional Peter Parker, otherwise known as the friendly neighborhood Spider-Man.

In most cases, the former owners of these stolen comic books hadn't adequately insured their collections. Losing prized possessions such as these is bad enough but to realize that coverage could have been obtained for less than 2% of the value stings even worse. The St. Lucie Appraisal Company can inventory and appraise your collection enabling you to purchase such a policy.

Don't be a Jughead. Have collectibles? Insure them.

__________________________
 
 
 

Keywords for this article: APPRAISAL, COLLECTIBLES, comic books, FLORIDA, insurance, Spider-Man, st. lucie appraisal, stolen, theft


Revised 09-04-2012
Updated 06-20-2013

Friday, June 11, 2010

PERSONAL PROPERTY ENDORSEMENTS. ARE YOU PENNY WISE AND POUND FOOLISH?

PERSONAL PROPERTY ENDORSEMENTS


WEST PALM BEACH, Florida - The success of PBS' "Antiques Roadshow" made people realize that they might own potentially valuable items. Homeowners began purchasing additional coverage for items that would ordinarily be subject to loss limitations in a typical homeowner’s policy. Valuable works of art, fine jewelry, extensive coin collections, and other unique items have always been insured through Inland Marine policies. Other personal property includes cameras, furs, musical instruments, silverware, sporting equipment, glassware, memorabilia, stamp and coin collections, firearms and other unique items. Even baseball card and comic book collections or old train sets are worth protecting.

In the past, only wealthy collectors purchased endorsements called personal property riders, to cover valuable items. Many insurers offer policies specifically for this purpose. It is important to discuss the limitations of your homeowner’s policy with your agent. Many people are under the false assumption that their HO insurance will reimburse them for anything that is stolen or destroyed. It’s a rude awakening to discover your $15,000 engagement ring gone and that you are only covered for $1,000. Those old baseballs that were autographed by Mantle and Mays that got soaked during the hurricanes? Don’t expect your insurer to get all nostalgic and reimburse you for their full value.

Without a personal property endorsement, regardless of whether you’ve kept an inventory and photos of your valuable stuff, when disaster strikes, you might as well hand the adjuster a blank sheet of paper. You’ll only receive the policy limit and that’s all.

From “Insurance for Dummies”: To get what you deserve for your collections at claim time, you need to document every item to prove its existence for the claims inventory and to prove its condition for the valuation. You need to authenticate the originality of items whose value depends on their originality. You need to make sure your policy limit on belongings is high enough to cover all your collectibles and all other, normal, personal property. And, finally, you need to make sure that the kinds of losses that can damage your collections (breakage for sculptures, water damage for books) are covered.

The most important part is to make sure you obtain adequate coverage.

Next, provide an appraisal to your insuror.

Then, go and get a good night’s sleep.


AUTOMOBILE AND PERSONAL PROPERTY APPRAISERS
SERVICE THROUGHOUT SOUTH FLORIDA

Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Daytona Beach, St. Augustine, Lakeland, Panama City, Orlando, Pensacola, Fort Myers, Key West, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainesville, Lake City, Sebring, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Auto/Truck/RV Condition Reports $225.00 and Up

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00 and Up

All other services and additional time when necessary  $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

FIND US FAST IN THE REAL AT&T YELLOW PAGES


Keywords for this article: Antiques Roadshow, APPRAISAL, art, baseball cards, books, coins, comics, endorsement, FLORIDA, homeowners, insurance, jewelry, PERSONAL PROPERTY, sculptures, st. lucie appraisal, stamps, trains

Revised 08/29/2012
Updated 06-20-2013

Tuesday, May 25, 2010

APPRAISING BOATS-THE DIFFERENCE BETWEEN AN APPRAISER AND A MARINE SURVEYOR

APPRAISING BOATS IN FLORIDA

FORT PIERCE, Florida - Most of the requests we receive for boat appraisals involve smaller craft, usually under 30 feet long. The reasons for the assignments range from insurance underwriting to divorce settlements. Mega-yachts and commercial vessels are generally appraised by marine surveyors who have specialized knowledge necessary to establish both value and seaworthiness. These types of companies, however, cost much more than appraisers. Here in Florida there are more different types of boats and personal watercraft than anywhere else in the world. Despite the fact that anyone can call himself a marine surveyor and open a business, I've found that most of the gentlemen to be credible. Many of them are boat builders or designers themselves. But to hire a marine surveyor for a small boat or personal watercraft appraisal is like engaging a heart surgeon to remove a wart. Why pay big bucks for such a little job? Large damage claims or oversight of repairs or construction are jobs for marine surveyors. Valuation appraisals of small to mid-size pleasure boats are jobs for appraisers.

Appraising boats to determine their value entails not only a knowledge of the subject vessel but the ability to research it properly. Research takes time and it is what you are paying for. An appraiser charges between $75-$125/Hour while marine surveyors can cost five times that. Most insurance companies and banks require appraisals on older boats so shop wisely because it is you who is paying for the report, not the bank. If you need an oil-analysis test, by all means call a marine surveyor. If you need to know the value of a boat, call The St. Lucie Appraisal Company.

_______________________


Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.


You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral,
Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

FIND US FAST IN THE REAL AT&T YELLOW PAGES


Keywords for this article: APPRAISAL, APPRAISER, boat, FLORIDA, marine survey, personal watercraft, St Lucie Appraisal 


Revised 08/29/2012
Updated 06-20-2013
Updated 09-11-2013

Tuesday, April 20, 2010

TANGIBLE PERSONAL PROPERTY APPRAISALS - SERVICE THROUGHOUT FLORIDA

TANGIBLE PERSONAL PROPERTY APPRAISALS IN FLORIDA

TITUSVILLE, Florida - Each of Florida's counties has a Property Appraiser who establishes the value of your real estate, personal property and business equipment. The Internal Revenue Service says tangible personal property (TPP) includes but is not limited to paintings, watercolors, prints, drawings, sculpture, ceramics, furniture, decorative arts, antiques, textiles, carpets, silver, rare manuscripts, historical memorabilia, antiquities, ethnographic art, collectibles, gems and jewelry. Machinery and equipment and other items classified as personal property are all intended for inclusion.

It is possible that you may be in need of valuation assistance when your county's property appraiser has overestimated the worth of your TPP. Factors such as depreciation and market conditions can cause the value of many items to fluctuate. It is up to you to present a case whereby you can dispute their findings.

From antiques to electronics to farm equipment, taxable items are a great source of revenue for governments. An increasing number of requests for appraisals have come from businesses who report that they are being targeted for the first time. Only by researching and documenting specific information can an appraiser defend your opinions regarding values. The objective is to resolve the issue as early in the examination as possible. Credible and compelling work by the valuator will facilitate resolution of issues without litigation. An added bonus is that once you have won your case before the Value Adjustment Board (VAB) you'll enjoy those tax benefits in subsequent years as well.

The St. Lucie Appraisal Company can appraise your tangible personal property and business equipment. When a licensed appraiser presents his valuation report, it becomes the Property Appraiser's responsibility to refute it with their own appraisal. In my experience, this measure is rarely taken in the face of competent evidence as to the value of your Tangible Personal Property.

_______________________

http://stlucieappraisal.net/
AUTO & PERSONAL PROPERTY
SERVICE THROUGHOUT SOUTH FLORIDA

Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Daytona Beach, St. Augustine, Lakeland, Panama City, Orlando, Pensacola, Fort Myers, Key West, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainesville, Lake City, Sebring, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Auto/Truck/RV Condition Reports $225.00 and Up

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00 and Up

All other services and additional time when necessary  $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

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Keywords for this article: APPRAISER, assistance, FLORIDA, PERSONAL PROPERTY, PROPERTY APPRAISER, st. lucie appraisal, tangible, valuation, Value Adjustment Board

Updated 08/29/2012
Updated 06-20-2013

Saturday, April 17, 2010

APPRAISING COMIC BOOK COLLECTIONS AND ORIGINAL ART


APPRAISING COMIC BOOK COLLECTIONS AND ORIGINAL ART
FORT PIERCE, Florida - Know someone who literally owns a room full of comic books? Then you probably also know someone who hasn't insured his or her room full of comics for anywhere near what they are worth. Think your homeowners or flood policy will cover your loss? Think again. Better yet, call your insurance broker to ask whether your $100,000 collection is safe. Much smarter to be safe than sorry.

The St. Lucie Appraisal Company is sometimes called upon to place values on comic book collections but usually in bankruptcy, divorce, donation, estate or guardianship proceedings. Whereas collectors and sellers of comic books once purchased insurance to protect their assets, that practice is now as rare as the comics themselves.

"Well, what could happen to my comic book collection, realistically speaking?"  My first response might be " a burst water pipe or sewer line" or "theft while you are vacationing" might be another. Here in Florida, comic book collections stored in attics or any room for that matter are subject to hurricanes tossing them in every direction for twenty miles.

If you read comic book-related sites there are always pleas for the public to be on the lookout for comics or original art pages that were stolen. A well-known former editor at Marvel and DC Comics recently suffered a house fire that destroyed thousands of pristine old comics. The comic book collecting community raised awareness of his loss and asked for donations of comics to replace his collection. Don't expect the same consideration after you've suffered the loss of your uninsured collection. Remember, simply having an inventory of your comic book collection won't help if they aren't properly insured.

Of course, there are appraisals and there are appraisals. Placing a value on a few high-end collectible comic books requires different appraisal technique than does evaluating a large collection. The latest batch was sent to me in 125 short boxes. Contained within were nice first issues and complete collections from the 60s to the 90s. Now there were early X-Men in there that are worth thousands but the later stuff wasn't as desirable - much of it in the fifty-cent range. This collector's aim was to insure the entire collection. Her instructions were to provide a general overview and valuation appraisal for her insurance underwriter. She also figured that she'd spring for a more detailed appraisal if either the insuror requested it or there was a discrepancy between what I'd valued the collection at and what they felt it was worth.

As an appraiser catalogs a collection that isn't being evaluated on a book-by-book basis, he formulates a summary of the value of the entire lot that becomes an average value per issue. Had the expensive comics been more prevalent, the estimation of the average price of each book would be higher but as I started encountering the less-desirable books at about 25% of the collection, that estimation started to drop.

Here's the results of the appraisal and the formula I used to obtain the final amount.

Value of Collection: 179 Short Boxes X 150 comics bagged but not boarded 26,850 comic books X $3.00/Each = $80,550.00

Original comic art and high-end comics can't be appraised in the above manner as prices for these, even in this time of recession, continue to skyrocket. From that perspective, having these items appraised makes even more sense.

Whether the comic book collection resides here in Florida or elsewhere in the world, your interests will be well-served by hiring The St. Lucie Appraisal Company to evaluate it. Appraisals for insurance underwriting and claims, donations, guardianship, estate liquidation, divorce, bankruptcy and purchase or sale.


http://stlucieappraisal.net/
AUTO & PERSONAL PROPERTY
SERVICE THROUGHOUT SOUTH FLORIDA

 Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.

You may obtain appraisals for Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Collectibles and Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.


 
 
 
The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400
Email: contact@stlucieappraisal.net


 


Keywords for this article: APPRAISER, bankruptcy, collection, comic book, DC, divorce, donations, estates, FLORIDA, guardianship, insurance, Marvel, Miami, original art, purchase, sale, stolen, theft
Revised 08/29/2012, Revised 01/05/2013, Revised 06-20-2013, Revised 09-11-2013