Now Available - 7th Edition of Appraising Personal Property

Author David Maloney, AOA CM has just published the 7th edition of his excellent manual on personal property appraising. The manual, Appraising Personal Property: Principles and Methodology has been a staple of many appraisal libraries for many years, and given it is now in its 7th edition, it has stood the test of time and scrutiny from the profession.

My new edition just arrived, I believe I have all of them, and have only skimmed the contents of the latest offering. There is an excellent section on what is new in both discussions, topics and USPAP.  I will post more of my thoughts on the 7th edition just after the New Year after I have had an opportunity to review it in more depth and detail. But if it is like previous versions, it will be a comprehensive guide which all appraisers should have and use.

In the meantime, should you be interested in ordering, click HERE, The cost is only $94.95 which includes shipping for the 625+ page manual.  It includes theory, principles, practices, methodology, regulations, legal aspects, ethic, report writing and some of the best sample appraisal reports available.

David Maloney reports on the manual

This 7th edition has been fully edited to conform to the new 2016-2017 edition of USPAP which is effective from January 1, 2016 through December 31, 2017. This 7th edition also contains many new topics as well as enhanced discussions including scores of edits to improve clarity and understandability. It also incorporates updated sample appraisals that will help ensure that your reports are complete, understandable and USPAP-compliant.

A growing number of people are entering the personal property appraisal profession. Of utmost importance is that they understand the theory, principles and methodology that lay the foundation for ethical, complete, reasoned, and well-communicated value conclusions. Appraising Personal Property: Principles and Methodology – 7th Ed. provides you with the most comprehensive yet practical course of instruction available today in the field of personal property appraising. From basic appraisal theory to the Uniform Standards of Professional Appraisal Practice (USPAP) to sample item descriptions and appraisal reports — this book covers it all.

At the book’s core are the ethical and appraisal peformance standards of the widely-accepted Uniform Standards of Professional Appraisal Practice as promulgated by The Appraisal Foundation of Washington, DC. The reader will become knowledgeable in the principles and methodology of professional personal property appraising including terminology, tasks of an appraiser, objectives and intended uses of appraisals, types of value, IRS regulations, the three approaches to value, Appraisal Process, Problem Identification, appraiser competency, Scope of Work, value enhancers and detractors, depreciation, market principles, ethics, identification and authentication, USPAP, market research, describing property, sample appraisals and much, much more. The course also teaches the reader basic appraisal techniques to facilitate beginning a professional appraisal business or improving an existing one. In short, the reader will be taught the skills necessary to write a complete, clear, concise, well-developed appraisal report in conformance with today’s generally accepted standards.

Appraising Personal Property: Principles and Methodology – 7th Ed. is for those who wish to build a personal property appraisal business and/or add appraisal services as an adjunct to an ongoing related line of work. Many personal property appraisers were first antiques dealers, jewelry store owners, auctioneers, restoration and repair specialists, estate liquidators, brokers, insurance adjusters or collectors. Their original lines of business can be enhanced when professional personal property appraisals are added to the list of services they offer to the public.

This book is unique. No other book or course of instruction provides such a thorough grounding in the core fundamentals of personal property appraising. This book has been written in strict conformance with the ethical and performance requirements of USPAP. Learn the appraisal theory, principles, practices, standards and methodology associated with developing credible opinions, conclusions and analyses. Learn how to report your assignment results in a competent and USPAP-compliant manner. As a fully-indexed reference guide, this book will also allow you to quickly and easily find the appraisal-related information you are seeking.

Source: Appraisal Course Associates