Certified VS. Non-Certified
When it comes to any personal property appraisal, you certainly don't want someone guessing at values. When looking thru our website you will see that Appraisal Ontario is the best solution for you.
It's important for you to know that the Personal Property Appraiser you hire has the Knowledge; Experience, Ethics, Certification and most of all the training to provide you with a “Certified” Personal Property Appraisal Report.
A USPAP standard upholds the ethics and guidelines of the Uniform Standards of Professional Appraisal Practice (USPAP), promulgated and authorized by U.S. Congress as the Source of Appraisal Standards and Appraiser Qualifications. Both the American and Canadian Governments recognize only this standard.
A Certified Personal Property Appraiser has received formal comprehensive training; successfully passed an examination, and qualified by the Ministry of Finance to be Accredited. We submitted regularly USPAP Summary Appraisal Reports that are evaluated by Professional Memberships, Societies and various Review Boards.
You Should Know Who May Deliver an Unqualified, “Non-Certified” Appraisal Report. The is a distinctive difference between reports from a 'self proclaimed appraiser', Group or Association that only provide smoke and mirrors - mimicking a true USPAP report.
Auctioneers / Liquidators
Very few of the auctioneers or liquidators who are called upon to deliver an Appraisal Report deliver a USPAP-compliant appraisal report. The ethics and reporting of values in a USPAP-compliant format are not prevalent. Therefore, the appraisal value will not hold up to scrutiny with the Ministry of Finance; Chartered Accountants Trustees, Lawyers, Judges, Banks, Credit Unions, and other professionals.
Dealers / Dealerships
Most of the dealers or dealerships who are called upon to deliver an appraisal report are not certified because they do not see the need to be. Their main focus is to sell and buy - and make money. Not to provide a USPAP-compliant report or certification. The appraisal value they offer will not hold up to scrutiny with the Ministry of Finance; Chartered Accountants Trustees, Lawyers, Judges, Banks, Credit Unions, and other professionals.
Our reports contain:
- Certified Summary of facts
- Scope of work and definition
- The degree to which the property is inspected or identified
- Extent of research into the physical or economic factors that could affect the property
- Extent of data research, including sources
- Type and extent of analysis applied in arriving at opinions or conclusions
- Depth of on-site inspection
- Overall condition of equipment
- Intended use
- Economic conditions
- Definitions of conditions
- Methods of evaluations
- Sources contacted
- Market conditions
- Final value summary and reconciliation
- Stamped Appraisal Certificate
- All pages are numbered, with proper heading and footers
- Appraiser's certifications and qualifications
- Photographs
Not all reports are created equal
When the time comes in business or settling a dispute, you will probably need to know the true value of the Personal Property (assets) you own. Since the answer to that question often affects important decisions, it makes good business and financial sense to utilize only Professional Certified Personal Property Appraiser.
Remember - not all reports are created equal
Appraisal Ontario and our dozens of Certified Appraisers will deliver an accurate; irrefutable, defensible, and descriptive Certified Appraisal Report that includes photographs, model and serial numbers, and other descriptive information that will withstand the highest scrutiny and cross examinations.
Our valuations are based on extensive research; personal inspection, and contact with manufacturers, suppliers, and knowledgeable individuals to determine what your assets are really worth.
Professionally Embossed and bound Certified Appraisal Reports
Our Certified Appraisal Reports are printed professionally and not on a home printer, or send only by email. They are packaged for ease of use with a professionally-embossed and bound report.
Make no substitutes. Inaccurate Appraisals are not uncommon, and they can cause serious consequences to YOU and business. They can but you in a liable position if they are not USPAP compliant. Be extremely cautious on the Reliance on the word of a non-certified person who may have a hidden agenda.
Inaccurate Appraisal Reports are filled with liability.
If an Appraisal Report is based on guessing; relying on book value, or relying on the word of a non-certified person who may have a “hidden agenda,” the report will not hold up scrutiny because it lacks substantiation.
Not only can values not be substantiated, but the report itself will not be written with the approaches to value and market conditions, photographs, and required substantiation that a USPAP (Uniform Standards of Professional Appraisal Practice) report contains.
Be Careful and ask for Testimonials - and get everything in writing.
