APPRAISALS

 

Storey's provides a variety of services by qualified personal property appraisers. We have been professionally trained in appraisal theory, principles, procedures, ethics and law. We have over 50 years of combined experience in the field and prepare our reports to comply with USPAP (Uniform Standards of Professional Appraisal Practice) of the Appraisal Foundation (www.appraisalfoundation.org). Our appraisals are clear, concise and customized to your intended use.

 

The following is a little more about the common types of appraisals we conduct. If you are unsure whether or not you need an appraisal please feel free to give us a call, or quick email to find out more.

 

INSURANCE

 

Pre-Loss: Most often done for classic cars, fine art and antiques, valuable collections and other unique and valuable items in your home or business. This service is primarily done for an individual or business as per the request of the insurance company. This appraisal aids both parties in coming to appropriate value agreement before loss occurs. We recommend that you update this appraisal as the market and value changes to reflect appropriate premiums and to keep your valuation agreement withstanding (3-5 years is typically sufficient).

 

Post-Loss: We provide post-loss insurance coverage appraisals for a multitude of chattels for individuals, businesses, insurance companies as well as any third parties involved (moving companies, restoration companies, etc.). These appraisals are typically done with a retrospective effective date as of the date of loss. They are conducted with an objective non-biased opinion of value to assist all parties in settling on an a fair amount. These appraisals are most often hypothetical desktop appraisals.

 

ESTATES

We commonly appraise whole or partial estates for equitable division of assets amongst family members. We also appraise the same for executors looking to calculate estate administration taxes (formerly probate). These appraisals can be valued with a current effective date or retrospectively as of the date of death if requested. Items appraised for estate purposes typically include everything from general household goods, to vehicles, jewellery, business related equipment, recreational equipment, fine art and antiques, collectibles, etc. Our estate appraisals are prepared for your use but do conform with USPAP standards should they be required for review by the Canada Revenue Agency.

 

In many cases as with many families, members are spread out across vast distances, and today’s family life is extremely busy and taxing. Should you face the challenge of balancing both we can help alleviate the task of taking care of the ‘stuff’ so you can take care of the people. We can arrange for as little or as much assistance as you like and can handle everything from arranging an inventory, an appraisal, removal and sale of the assets, cleaning of home, arranging your real estate appraisal, etc. If you’re in this boat and not sure where to start give us a call, we’re here for a quick chat or word of advice if you need it.

 

VEHICLE

 

We frequently conduct vehicle (including recreational and heavy equipment) appraisals for divorce, estate, MTO, insurance, OSAP, bankruptcy, etc.
 

MTO Appraisals: If purchasing or selling a vehicle whose value is lower than its average counterpart a Ministry of Transportation (MTO) Vehicle Appraisal  can save you from overpaying the sales taxes on that vehicle (even after the fee of the appraisal is taken into account). The average MTO appraisal can be completed quickly, on the spot, and on short notice.

 

OSAP Appraisals: We work with many schools to help students seeking financial aid receive appropriate funding. Bring us your OSAP vehicle appraisal form and we can complete the appraisal for you within minutes. We will also guarantee that OSAP will accept the appraisal submitted.

 

BUSINESS

 

We have and can conduct a multitude of business appraisals for financial institutions, bailiffs, trustees, landlords and business owners. The intended use of these appraisals is typically for financing, refinancing, selling or purchasing of a business, to comply with the commercial tenancies act  for lockout or distress or bankruptcy. We can assist in determining the value(s) needed for your intended use and can provide affidavits and/or court testimonies on your behalf.

 

MATRIMONIAL

Our belief is that matrimonial appraisals should be conducted when assistance is required for equitable division of assets and/or expedited mediation. We are sensitive to the divorce process and our goal is to help simply that process and expedite resolution by providing objective and non-biased valuations of assets. Each matrimonial case is unique and we will work closely with you and or your lawyer to make sure we are meeting your specific needs. Our final reports are clear, concise and written using your household terminology making them as user-friendly as possible. Once the report is ready we will also send it to your lawyer immediately via fax or email on your behalf. We have and can be retained by both parties and are able to visit multiple locations. The effective date is typically retrospective using the date of separation for value. Our appraisals to conform to USPAP standards and we are able to testify in court on your behalf if necessary.

 

OTHER SERVICES

 

Inventory
We conduct full documentation and inventory services for businesses and homes for a multitude of reasons including as much detail and as many photos as required.

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Market Value Estimates & Sale of Goods
Many of our clients simply want help with placing an asking price on their assets. We can help you determine a fair asking price and an appropriate market for your items. Identifying the right market for an object is crucial to maximizing your monetary proceeds. We also partner with local companies and buyers and sellers who frequent the market and can help get your items sold quicker.

 

Trucking – Storage - Salvage & Disposal 
Moving – Downsizing & Large Clean-outs can be taxing. We partner with local companies and can provide you with preferred trucking and storage rates. For items that cannot be sold, donated or gifted, we will assess whether or not they are of any scrap value or simply need disposing of.

 

Expert Witness & Litigation Support
Equitable Assets provides reports for litigation purposes. We have been deemed an expert witness by the courts and exercise the duty as experts, to provide objective non-biased opinion evidence conforming to USPAP standards.