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The San Diego Chapter of the American Society of Appraisers is a non-profit organization dedicated to providing excellence in professional appraisal practices for the public and our membership.
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Next Meeting - Tuesday, September 9th
Auction Markets, Trends & Impacts on Value
Past Newsletters & Articles
Upcoming Meetings |
Here you may locate
the best qualified, San Diego appraiser to meet your needs in the San Diego region. Our members meet the highest standard of ethics & principles of appraisal practice. Like the professional featured here, ASA members... |
Chula Vista Library Foundation Fundraiser
Georgie Stillman, ASA, Jim Hill, Auctioneer, Pamela Bensoussan, ASA
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Are tested and experienced |
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Meet the standards set by the IRS,
government lenders & others |
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Fulfill the need for excellence and integrity required by the legal and accounting professions |
The San Diego Chapter of the American Society of Appraisers is dedicated to meeting the valuation needs of this Southern California region through education and community service.
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Next Meeting - Tuesday, September 9th
Auction Markets, Trends & Impacts on Value
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Past Newsletters & Articles Index |
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Estates & Estate Planning |
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Dissolution |
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Sale & Purchase |
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Merger & Acquisition |
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IRS Donation or Dispute |
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Insurance |
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Family Division |
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Litigation Support |
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| ASA designated appraisers have many unique specializations, tested & certified to the highest professional standards. |
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Residential Contents & Collectibles |
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Business Valuation |
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Antiques & Fine Art |
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Gems & Jewelry |
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Cars & Vintage Collector Autos |
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Machinery, Equipment & Technical Specialties |
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Real Estate |
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Oriental Rugs |
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Yachts |
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Firearms, Armor, & Militaria |
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| ASA is the nation’s oldest non-profit multi-disciplinary appraisal organization, educating, testing & certifying professionals in all aspects of appraisal practice. It is a founding member of The Appraisal Foundation, an agency created by Congress to ensure the highest level of professional appraisal practice standards. Successful completion every five years of the comprehensive course and examination offered by the Appraisal Foundation, the Uniform Standard Professional Appraisal Practice (USPAP), is a requirement of all members of the ASA. |
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| ASA
Designations |
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ASA– Accredited
Senior Appraiser
As the highest designation attainable, this indicates the appraiser a) meets all criteria of testing in ethics, principles of practice and their discipline, b) has five (5) years or more of appraisal experience, and c) achieves recertification every five (5) years. |
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AM– Accredited
Member
This designation indicates that the appraiser a) meets all criteria of testing in ethics, principles of practice and their discipline, and b) has two (2) or more years of appraisal experience. |
Candidates
Candidate members meet Uniform Standards of Professional Appraisal Practice (USPAP) and eithics criteria and are working towards completing their experience and discipline requirements for ASA or AM designation. |
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| What is an appraisal? |
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The Uniform Standards of Professional Appraisal Practice (USPAP) defines an appraisal as follows: |
| APPRAISAL: the act or process of developing an opinion of value; an opinion of value; (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services. |
| Comment: An appraisal must be numerically expressed as a specific amount, as a range of numbers, or as a relationship (e.g., not more than, not less than) to a previous value opinion or numerical benchmark (e.g., assessed value, collateral value). |
An appraisal is an opinion of value, but that process of determining the value involves many things, such as...
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A complete description and understanding of the merits & defects of the subject property, |
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A thorough gathering of pertinent market information & data analysis as it applies to the subject property, and |
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An understanding of the intended use of the appraisal by the client. |
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| There are several different types of value that can be applied to the subject property, under differing situations. For example, take a piece of fine contemporary china. The retail replacement value in a department store is different from the value of the same piece in a second-hand store. The value of assets of a closely-held business for insurance purposes is different from the value of the same assets in a bankruptcy sale. |
| A good appraisal takes into consideration how the appraisal is to be used by the client. With the purpose of the appraisal in mind, the appraiser determines and defines the appropriate market for that use, seeks comparables and prepares an analysis of the market . |
| An appraiser is accountable to the client and the intended users of the appraisal, including... |
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To provide an appraisal report that is clear and understandable to the user, |
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To understand the purpose and use of the appraisal and prepare a report that is suitable for that purpose, and |
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To provide comparable data and other information that formed the basis of the opinions and conclusions of the report. |
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| If the appraiser relied on others for important information or opinions, those sources and other experts must be noted and, in some cases, sign the report. |
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| Choosing a San Diego Area Appraiser |
| Expert on the item(s) you want appraised? |
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Ask the appraiser specifics about their expertise. Where did they get their education & experience with the item(s)? Have they published articles on the subject property? Have they done work with museum or important clients in this area of knowledge?
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| Current with the market place? |
| Someone can be very knowledgeable about a special subject, but it is also important they have recent, relevant knowledge of the market place. Ask where they will get the comparable information. Ask if they have witnessed recent sales of comparable items. |
| Current USPAP certification? |
Uniform Standards of Professional Appraisal Practice (USPAP) certification is required every five years by most government & professional clients. It insures the appraiser has up-to-date skills to prepare a legally acceptable appraisal report.
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| Do they maintain a professional membership? |
Professional appraisal societies, such as the American Society of Appraisers (ASA), require members to maintain appraisal skills, ethical standards, and demonstrate continuing education in their discipline through a re-accreditation process every five years.
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they provide an unbiased, disinterested appraisal? |
An appraisal should be an “arm’s length” transaction. This means the appraiser must not have a bias, interest, or “close” relationship to the client; nor should they be a buyer or seller of the subject property. The fee should not be based on any monetary contingency, such as a percentage of the value of the subject property or a favorable outcome of a transaction.
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| Appraisal Component Checklist |
| These are the key elements you should expect to find in a good
appraisal report. |
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Complete physical description of the subject property – including condition |
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Declaration of restrictions or limitations on the use or transferability of the property – title, ownership in whole or part – if applicable |
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Useful purpose for which the appraisal is made |
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Type of value selected & determined by the appraisal |
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Names of the client(s) & the intended users |
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Date of Inspection of the property, and Effective Date of Value |
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Declaration of reliance on hypothetical data and/or assumptions, if applicable |
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Declaration that the appraisal is a complete, summary or limited appraisal |
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Basis for value conclusions and a list & analysis of comparables if a complete appraisal or declaration that supporting documentation is available |
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Analysis of the market conditions for the subject property |
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Declaration of impartiality of appraiser |
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Declaration that the appraisal fee is not based on any monetary contingency or interest in the outcome of the valuation |
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Signed & dated by the appraiser and anyone who provided substantive assistance in the preparation or valuation |
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