Edward T. Tuten, NEAA


Team Estate Sales & Appraisals

6973 Crestridge Rd Memphis, TN 38119
901-758-2659(office) | 901-216-7070(cell)



Equipment & Machinery Appraisals | Appraisal Considerations

Appraisals
An appraisal provides a written estimate of the value of an item.  TEAM Estate Sales and Appraisals provides complete, accurate, and reliable information at a realistic cost.  Our appraisals follow the USPAP guidelines (Uniform Standards of Professional Appraisal Practice). 

TEAM Estate Sales and Appraisals is qualified to appraise entire estates or single items of significance.  At present, we do NOT offer online appraisals.  For onsite appraisals, contact us to arrange an appraisal.  For onsite appraisals outside of the Memphis area (60 mile radius), additional travel expenses will be charged.

Our appraisals are based on the most current sales results available for like items.

Although we can provide appraisals for most antique and


Find out why you should engage a Professional Appraiser

collectable items, as well as most items comprising estates for which we contract to conduct estate sales, we DO NOT appraise antique coins, stamps, antique textiles such as quilts, or antique automobiles.

Written Appraisals
The values of antiques, fine art and personal property change over time and have different values in different markets. A current appraisal is required by insurance companies, estate planners, accountants, lawyers and trust officers in order to know the current value when making important decisions regarding your valuable property.

An up-to-date professional appraisal by a qualified appraiser is the most reliable source of personal property valuation. An appraisal enables you to make educated decisions and to avoid making financial mistakes as to the value of your personal property at crucial times of life.

Some of the factors that influence value are condition of the item, age of the item, rarity, desirability, provenance (history) and attractiveness. Other value determinants are recent comparable sales, opinions of experts, purpose of the appraisal (whether for insurance or estate), and whether the value is retail replacement cost, fair market value, market value or liquidation value. Please review our page on Points to Consider when having an item Appraised.

Our appraisers are extensively trained to assign the value for the use for which the appraisal is intended, to assure your appraisal is appropriate for your needs. Our appraisals are written to the standards upheld by The Appraisal Foundation, Uniform Standards of Professional Appraisal Practice (USPAP) and the NEAA Appraisal Report Writing Standard.

We Specialize in Appraisels for. . .

  • Antiques, Fine Art and residential personal property for insurance
  • Damage claims - Loss of Value
  • Repair and replacement
  • Equal distribution in divorce and probate settlement
  • Division of Personal Property Amongst Heirs
  • Tax Liability
  • Establishment of Trust
  • Estate Planning
  • Gift items for charitable contribution for IRS (Non-Cash Personal Property & Form 8283)
  • Bankruptcy
  • Appraisal review
  • Expert witness for cases in litigation
  • Office and business equipment for bankruptcy*
  • Collateral loans
  • Commercial damage claims for items in interstate shipments*
  • Dissolution of partnerships*
  • Insurance for personal property and business inventory and equipment*
  • Large equipment often called "Yellow Iron"*
  • Business equipment used in production, manufacture, and construction projects for resale and liquidation*

* Read more about Equipment & Machinery Appraisels

Appraisal Fees:
Fees for appraisals are based on the scope of the work. 

  • $225/hr - Typical appraisal, plus travel time over 25 miles

Payment Policy

We accept the following form(s) of payment:
MasterCard, Visa, Personal Checks, Money Order, PayPal*.

*PayPal is the preferred method of payment and will receive immediate attention.

 



Copyright 2009   Team Estate Sales  & Appraisals