Hello Julia,
There are two appraisals that apply here.
One is " Replacement Value " The meaning
is just what it indicates. Which is the dollar
amount you can reasonably expect to replace
this piano with a like or similar piano of equal
value.
On my appraisals I add in a reasonable length
of time, which I use ( 60) days.
The other is " actual cash value " this is the
amount of money you can reasonably expect to
sell your undamaged piano for in a reasonable
length of time, again I use ( 60 ) days.
If you are going to appraise pianos I suggest you
get an appraisal form. Most have a disclaimer
clause.
The one use I get from the " Nebs Co."
1-800-225-6380 _www.nebs.com_ (http://www.nebs.com) . It is product
#128.
They are in triplicate looks very professional
and have a disclaimer clause.
This is what I use in my " Appraisal Class "
If it would help I will mail you a copy of mine.
Regards
Jack Wyatt
************************************** See what's free at http://www.aol.com.
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