Ethics question

Brad Smith, RPT staff at smithpiano.com
Thu May 4 17:21:41 MDT 2006


I have had an epiphany about this type of thing.
Recently, I bought a new property, and paid almost $1200 in various
inspection fees.
NONE of these professionals provided 'market value' opinions on anything.
They only reported on the technical or physical condition of things.
SO....now when I do a Piano Technical Inspection, I only report on
'what' I find technically, providing upgrade options and pricing for
those options.
I also, am quick to encourage someone to NOT spend big bucks fixing up
a piano beyond its likely worth, unless sentimental value trumps all
logic.

I've been burned by dealers who refute my valuations of pianos, as
customers attempt to use my opinion to get a better trade-in value.
NO MORE!!
Since I don't sell pianos every day, I can not claim to really know
market value, like a piano salesperson would.   So, I provide the
report, and then refer them to a dealer to get an opinion of value. I
get paid the same, but have relieved myself of the burden of knowing 3
different market values, etc.  and the catch 22 of it all.

I still do have an opinion of value, but I now only take
responsibility for providing accurate technical information. Guess
what?  People have no problem with this at all.



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