One can expect senior accredited appraiser Members of international organizations AAA, ASA and RICS to have a policy of basing their Schedule of Fees commensurately with other professionals in the same market and on their experience, training, and skills. They charge for services rendered. Initial consultations to determine if there is a need or to what extent one’s need might be, is gratis; however one cannot render a numerical opinion of value without invoking the USPAP. This is a universal protocol.
Standard Rate US$150.00 per hour (or the equivalent in € or £)
- HOME OFFICES in VIRGINIA (U.S.): Charlottesville (south of Washington DC) and Fairfax (next to DC).
- Mr. Grove is a US/UK dual national, and can readily provide appraisal and consultation services throughout the United States, the United Kingdom, the Commonwealth of Nations (54 countries in all), and the European Union (27 countries in all). The UK is a member of the European Union. Any citizen of the UK is free to live, travel, work, retire, or vacate without any problems in any country within the European Union (EU) and The Commonwealth of Nations.
- Overseas clients may take advantage of the exchange rate. The US dollar is weak. Why not use the advantage. Even with travel expenses (Virgin Atlantic with extra legroom) large contracts may actually cost less. Remuneration in U.S. dollars, Euros, pounds sterling, or PayPal is also available for a just a tad more.
- Certified Spanish interpreter on staff. Appraisal reports are delivered in English, or for a surcharge, in Spanish.
- By appointment daily from Charlottesville and Northern Virginia (e.g. Warrenton, Fairfax, Fair Lakes, Gainesville, Centerville, Manassas, Vienna, Arlington, Burke, Dulles, Leesburg, Purcellville, Hamilton, Berryville, Middleburg, Upperville, Reston, Herndon, Sterling, Springfield, Alexandria, Woodbridge, DC, Bethesda, Columbia, Upper Marlboro, and the Baltimore metro area). Headquartered in Charlottesville. No travel charge to Fairfax or Charlottesville. No travel charge within a 30 mile radius from either office. Sometimes you need the best; now you can advise your clients it’s readily available.
- Examination, Identification, Cataloging, Research, Photography
- Writing, Editing, Copying, Compiling, Collating
- Telephone Time: Land & Cellular
- Telephone Consultations (PayPal Available)
- Conferring, Consulting, or Review of the appraiser’s Work File
- Preparation for a Deposition or a Court appearance
- Appraisal Reviews of reports written by other appraisers
- One-on-one tutorials for antiques collectors and prospective dealers:
For appraisal assignments the standard procedure is for the appraiser to assess the assignment via telephone, determine the intended purpose of the appraisal report, to ask pertinent questions relative to the prospective assignment, inform the client of the Uniform Standards of Professional Appraisal Practice (USPAP) and its mandated requirements, inform the client that a retainer of one-half of the estimated cost is required upon completion of the property inspections, set an appointment time and date, arrive on time, inspect, photograph, measure, and write a brief on-the-spot description of each property as part of the cataloging exercise, require the client to read and sign a Letter of Agreement or a Retention Agreement, collect the retainer fee, return to the office, research comparable sales in the relevant market in order to substantiate each numerical conclusion, write and prepare the formal legal appraisal document, notify the client when the document has been completed, receive from the client the balance of the estimate before the document is released, mail the report upon receipt of the remittance, maintain on file for five years the document and two additional years if there is any Court action. But before all of this happens, do read all there is about the Appraisal Process.
Back to Top ↑Standard Policies
- Estimated appraisal report costs will be determined once the examination period has been completed.
- A deposit of fifty percent is required as an advance for small assignments.
- For large assignments compensation will be remitted on an as-needed, draw basis.
- The balance of the estimated fee and expenses is required to be paid in full before a finished report is released.
- Refunds are not granted for services already rendered.
- In the event of a Court action, your lawyer will be the appraiser’s client, not you.
- In Court cases, when expert testimony is required, full payment will be made in advance in order to avoid the appearance that the appraiser’s testimony depends on the outcome of the case.
- Depositions and trials, including travel and wait time: $200.00/hour.
- A copy of the trial transcript will be provided to the appraiser at no cost by retaining counsel.
- Deliberate concealment of relevant material facts on the part of a Client will automatically terminate the assignment.
- Notice to auction companies: Violations of the Sherman Anti Trust Act will be reported to the appropriate authorities. Back to Top ↑
FAQ
Read All About the Appraisal Process
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