Your Personal Property Appraisal Professionals
Serving Contra Costa
and the Bay Area
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Hoitt's Appraisals is a personal property appraisal company dedicated to providing appraisal services of the utmost quality to corporations, attorneys, insurance companies, and collectors, thereby, allowing them to maximaze the value of their possessions through accurate, throughly researched documentation. We also provide services for the trustee and/or the professional fiduciary or conservator. Additionally, we provide services for couples in preparation for marriage by conducting a personal inventory of each one’s separate property so that the couple has a record of their possessions coming into the marriage. This is very useful for pre-nuptials agreements.
Because we are knowledgeable and certificated professionals whom, through continuing education stay on top of many issues that can and do affect our industry.
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We have completed the required appraisal courses from the American Society of Appraisers (ASA), and The Appraisal Institute (AI), which are two of the eight major appraisal societies that, in 1987, founded The Appraisal Foundation (TAF).
Since 1989, the United States Congress has recognized TAF as the source for the development and promulgation of appraisal standards and qualifications. In addition we have also taken the certification, and connoisseurship program at the University of California Irvine (UCI), to be certified. UCI, AI and ASA require appraisers to adhere to the Uniform Standards of Professional Appraisal Practice, and Ethics principles.
Although we customize our services based on our client needs, here is the typical process steps of how our service works:
Inspection: The appraiser examines the property for condition, marks, characteristics and dimensions; if the property is not available for inspection due to loss, theft, or water/fire damage, the appraiser has to make some assumptions base on the history of the item given by the owner. Having pictures and history of the items in this case would be very helpful for everyone.
Research: The research time includes
time taken to identify marks,
dates, find comparable data, verify the better markets for the items, and consult with other appraisers if need be. Extensive comparable auctions results, and all available sales data are necessary to evaluate the items.
Report: The final document will provide a clear and concise explanation of the use for the report. It will give an explanation of the resources, date of the effective value, location and date of inspection, acknowledgment that the appraiser has no fiduciary financial interest in the items in question. It will have the appraiser’s signature in several places. The contents of the report are very detailed descriptions with photos, the list of all the property in question, a narrative section, a price list with values, and the appraiser biography.
As part of an estate, I had a large house full of many unique collector's and art items. With their wide ranging expertise, Hoitt's Appraisals made a huge undertaking much easier. Having everything cataloged and valued made dividing things much easier. Then when the IRS asked questions, Julie and Analee were there to back up their values, which resulted in a successful outcome in our favor. I highly recommend Hoitt's Appraisals.
Thank you to both of you for your help today. I have a better piece of mind. You are both splendid people and we can't thank you enough.
Angie, San Jose, California
Exquisitely done! This does allow me to relax. Thanks again! I look forward to working with you again and again.
Senior VP, Bank of America Private Wealth Management
Two thumbs up to Hoitt's Appraisals. Julie and Analee were professional, accommodating and compassionate as we processed through the difficult process of administering our parent's estate. We would highly recommend Hoitt's Appraisals. Their knowledge and expertise was apparent from the start.
Kathleen McDonagh and Sue Spillane
Hoitt's Appraisals (Julie and Analee) impressed me with their professionalism, vast knowledge, timeliness and excellent communication. From our initial meeting through the presentation of their impeccable report, I couldn't have been more pleased.
Steven C. Chang, M.D.
Through for me when nobody else would!
impressed by the professional way
you delivered the report.
A Corporation in San Ramon
extremely satisfied with the delivery,
and professionalism in which you handled our needs.
Dr. Fernandez, San Francisco
feel better about the move, and having
my antiques insured properly.
Captain Sorrell, San Jose
I am not
sure that words can express my
appreciation for all the help and support. You
truly are incredible outstanding people.
RCI, San Ramon
you, you are a real trooper!
A Law Firm in San Francisco
for the good work and the
willingness to go the extra mile.
Executor of an Estate in Vacaville
Here are a few common questions our clients typically have. If you have other questions, please use our contact us page to send us your questions and will respond as soon as we can.
A: Anything that you can own other than your business; like antiques, residential contents, art, furniture, collections, collectable's, silver, pottery, jewelry, memorabilia, toys, real estate... everything inside the house).
A: An appraisal is a legal document or a verbal opinion, which describes the subject property and estimates its value.
A: A qualified appraiser is someone who has studied Valuation and Appraisal Sciences and has successfully completed a series of courses offered by anyone of the eight associations that help form the legislation that created the Appraisal Foundation. A qualified appraiser holds current member status in one or more of the associations affiliated with the Appraisal Foundation, like the ASA (American Association of Appraisers) or the AI (Appraisal Institute).
A: Appraisal fees based on valuation are not ethical, and it is a strict violation of USPAP. We follow the Uniform Standards of Professional Appraisal Practice (USPAP), and our fees are calculated by the job or hourly. In some cases, the client and appraiser can agree upon a specified amount. In other cases, additional fees may be necessary for extensive research for rare or unique items, the use of outside consultants, expert witness testimony, or travel time, and are always agreed upon before incurring the fees.
A: You need one if you're procuring insurance for replacement or making a claim, estate probate, doing a division of property for divorce purposes or other litigation. Moving, and disposing of an estate might require an appraisal to satisfy all of the estate needs. To confirm the value of personal property for sale or collateral purposes to satisfy the IRS when making charitable donations or paying estate taxes to assist with estate planning and establishing net worth is also a necessary fact of life.
A: The market conditions are always changing so important appraisals should be scheduled for review sometimes every year, but the standard is 2 to 5 years. USPAP requires that you keep the file for 5 years or two years after court decisions are finalized.