Appraisal

[Jon Page]

Some other wording which is appropriate:

Appraisal reflects what an informed buyer would pay an informed seller.



Jon Page
Harwich Port, Cape Cod, Mass. (jpage@capecod.net)
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At 09:32 AM 10/3/97 -0500, you wrote:
>Here are some further tips on appraisals.  I had some jewelry appraised
>and adopted some phrases from their letter.
>
>First we write a paragraph describing the instrument and noting any
>unusual features (ivory keys, perfect finish, outstanding tonal
>characteristics, etc.).
>
>For brand new pianos, we write:
>
>"We estimate that the value of the above piano, based on the current
>list price, excluding any taxes, is $xx,xxx.00"
>
>For an older piano or specifically for replacement cost insurance:
>
>"Our best estimate of the replacement value of the above piano, based on
>current market condition, excluding any taxes, is the the area of
>$yy,yyy.00"
>
>At the bottom of the page we print, in italics:
>
>"The foregoing Appraisal is made for insurance purposes only and is
>accepted upon the express understanding that NO Liability or
>Responsibility is incurred by the Appraiser giving same."
>
>I figured that if the jeweler's lawyer felt it was necessary for the
>jeweler, it would not hurt for us to use it also.
>
>Joel Rappaport
>Round Rock, Texas
>
>

Jon Page
Harwich Port, Cape Cod, Mass. (jpage@capecod.net)
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