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Alison Ross Appraisals Ltd.

Personal Property Appraisers for Vancouver Island

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What Is An Appraisal?

According to dictionary.com an appraisal is the act of estimating or judging the nature or value of something.... 

An estimate of value, as for sale, assessment, or taxation; valuation. 

An estimate or considered opinion of the nature, quality, importance, etc. 


Alison Ross Appraisals provides a written document of the value of personal property 

(the items in your house as opposed to the real property itself).


There are as many reasons as to why people need appraisals as there are objects and circumstances. 

Knowing the purpose of your appraisal needs informs the type of value you require.


FAIR MARKET VALUE

The price at which the property would change hands between a willing buyer and a willing seller, 

neither being under compulsion to buy or compulsion to sell and both having reasonable knowledge 

of relevant facts. Sales at auction are important considerations. 

This type of value is commonly used for probating wills and the dispersal of estate assets 

as well as divorce, bankruptcy and private sale


REPLACEMENT VALUE 

The cost of replacing a particular item when it is either lost or destroyed.  

This value is most commonly used for insurance purposes although it can also be informative for private sale.

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