Answer: An expert or official valuation of something to estimate the quality, amount, size and other features of property. An appraisal is also a well documented, objective and unbiased opinion of value presented in an appraisal report.

The personnel at Don Smock Auction Co., Inc. have been preparing appraisals for more than 40 years throughout the Midwest. We have done such appraisals for numerous construction companies, banks, finance companies, bankruptcy courts, CPA firms and attorneys. We have had the pleasure of doing numerous appraisals for such companies as Bank One; Atlas Excavating; First Indiana Bank; Union Federal Bank; Milestone Contractors, LLC; and Star Financial Bank, just to name a few. With staff members who have attended and graduated from The Auction Marketing Institute and were awarded their GPPA certifications, Don Smock Auction Co., Inc. meets or exceeds requirements necessary to appraise assets in a knowledgeable and professional manner. The combination of forty years of appraising, coupled with GPPA credentials will provide a comfort level equal to none. In the past five years, Don Smock Auction Co., Inc. has experienced an unexpected 50% increase in the total number of appraisal requests each year. Appraisals constitute a significant part of our business and we eagerly invite the challenges for years to come.

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Desktop Appraisal—this consists of an owner furnished, well-described list of personal or company assets. These, in turn, are assigned a market value based on these assets and descriptions.
Physical Appraisal—this appraisal is significantly more accurate than a desktop appraisal. We send one or more GPPA certified appraisers to, not only, write extremely accurate descriptions, but to take pictures so we can do our best to jointly agree upon the most accurate estimate of your assets’ market value.

At the request of our customer, we can do any of these appraisals at auction value, fair market value or liquidation value. As always, all of our appraisals are neatly compounded and presented to you in a format both your and your institution can easily understand.