Absolute Appraisals in Lethbridge. Welcome!!
Taking the guess work out of it.
Taking the guess work out of it.
I have over 30 years of hobby mechanic experience; from repairing, rebuilding, restoring and customizing many makes, models and years of vehicles; from classic to vintage to new and old custom cars, trucks and bikes. I am an accredited member of SVAI (Specialty Vehicle Appraisal Institute) and of the CPPAG (Canadian Personal Property Appraisers Group). Automobiles have always been my passion. I am an active member of SEMA. I have bought and sold dozens of vehicles in my life, and am constantly searching and researching all things automotive.
Most appraisals are done for insurance purposes, some are done for estate, taxation or divorce purposes. And some are done just for the person who wants to know "What's my car worth". The purpose of a professional appraisal is to document the items appraised value such that an insurance company has a clear record as to what they are insuring, or that a legal representative has a clear value of the vehicle in question. Unfortunately, a lot of people are unaware of the difference between book value and an appraised value of a vehicle.
As an example, the book value of a 1967 Mustang is $1,500.00, but a nicely restored 1967 Mustang can appraise and retail for $20,000.00. Without having a proper appraisal done on this car, if the car were to get into a wreck, the insurance company may only pay up to $1,500.00 for the repairs, or write off the car entirely, and pay the owner only $1,500.00.
For the majority of us, a custom or collector car will be the second most valuable asset we own right behind our home. Finding someone who can accurately calculate and document a value for that vehicle is absolutely vital in order to properly protect that asset. Remember, when you have your vehicle professionally appraised for whatever reason, you are buying more than just the pages in that appraisal document, you are buying a legal document. The appraiser’s responsibility does not end when he or she hands you the appraisal document, they also have the responsibility to stand behind that appraisal document perhaps years down the road when the value of that vehicle comes into question after an insurance claim, dispute or one of the many legal situations that might question exactly how that value was obtained.
I've never met a car I didn't like, but my personal favorites are Hot Rods and Muscle Cars. I love it when I get to cruise one of my customs down main street on a sunny day. It makes all the hard work worth it! I appreciate all things automotive though, and am able to appraise just about anything with a motor, even tractors and motorhomes, as you will see in my 'Customers Rides' section.
Once the appointment is booked, we can decide if I will travel to the vehicle, or if you wish to bring the vehicle to me. Numerous photos will be taken, along with a thorough inspection, to document features, options and condition. In addition I'll ask questions about the vehicle being appraised to determine (if possible) history, provenance, special features and changes or restoration steps that have occurred over the years. This usually takes me about an hour. I will not require the vehicle to be driven, but I will require it to be started (if able) for a proper determination of of the mechanical status of the vehicle.
Following the inspection, you will be provided a professional certified appraisal report. There are two types of reports. Each includes colour pictures, comparisons with similar vehicles and valuations based, whenever possible, on reference guides and current similar vehicles found for sale. The intent is to come up with a fair market value for the vehicle. Typed and finished reports sent to the owner within two weeks.
This is a simple but complete report showing a checklist and rating and rating scale for each specific area of the vehicle. This report will include 12 - 18 pictures and a simplified description of each section inspected as well as photos and copies of comparable vehicle listings (when available). This report is not recommended for vehicles that are highly customized, or that carry a lot of provenance, as it does not allow for details or history to be fully expressed.
This is a much more in depth report about the vehicle. This report consists of a detailed account of the vehicle, including the history of the model, the styles, trim levels and special features or packages that were available and the production numbers for each. A narrative report is also recommended for highly modified or customized vehicles that require lengthly details about the work done to the vehicle, or vehicles that have a very storied history or any amount of provenance to be researched. This report will include 20 - 30 pictures and a comprehensive description of each section inspected as well as photos and copies of comparable vehicle listings (when available).
Each appraisal includes two (2) certified copies of the report.
Should you require additional or replacement copies of your appraisal.
This will include a certified PDF file of your appraisal, and all photos of your vehicle on a USB stick.
If you are looking for an experienced certified personal property appraiser because you or a loved has suffered a loss due to death, divorce, or are required to downsize, Absolute Appraisal understand many of the worries you have.
We hope our website will give you some information about us, how we work, and what services we provide. However there is no suitable substitute for personal contact. We will be happy to talk to you personally, either on the phone, or in a meeting that is mutually convenient.
Centrally located in Lethbridge, Absolute Appraisal's services are not only province wide - but nationally such as British Columbia, Saskatchewan, Manitoba, and beyond. Contact us today to find out more!
Appraisals are a necessity both personally and legally in today's complex and complicated world. The following is just a sample of situations that Absolute Appraisal handles in which an appraisal is necessary:
You should receive the services of an educated and nationally certified appraisal expert who will provide you with a formal written and descriptive report complete with photos which the appraiser should be willing to defend in court. If should include any limiting or qualifying conditions, the appraiser's qualifications, a complete and accurate description of the items, market analysis, markets selected and well-defined value conclusions, when applicable and available.
An appraisal is a FOUR step process:
1. THE EXAMINATION:
An Absolute Appraisal professional will examine all the property to be included in the final report while noting and evaluating characteristics, condition, and measurements of most items.
2. THE PHOTOGRAPHS:
Digital images are taken to document the item's existence and aid in research. Photographs are included in the final report.
3. THE RESEARCH:
Values are based upon comparable sales and history for each item. Research time is the time taken to identify marks, labels, dates, locating and analyzing comparable items, investigating necessary markets and if necessary, consulting experts.
4. THE REPORT:
An Absolute Appraisal's final report consists of a bound copy of the completed appraisal along with the appraiser\s qualifications, purpose, and basis of appraisal. Also included in the document is the inventory, market research, valuation, and necessary comments pertinent to the property, when applicable and available. Each item or group of items will have a description, age if appropriate, measurements, condition, value and digital photograph. The report is compliant with the Canadian Personal Property Appraisers Group.
Absolute Appraisal fees are competitive with today's market. They are based on the time necessary to complete the appraisal and to our prevailing hourly rate of $150.00 an hour for each appraiser assigned to the project. There is a one time charge of $285.00 for the report which includes two copies. There is a $325.00 minimum fee for a one hour appraisal and report depending on distance and complexity of the item(s). We have no "hidden fees" nor do we charge a commission on our other services We also do estate evaluation documentation analysis reports for smaller estates that is less and might fit in with your needs and budget. We will be happy to discuss our fee structure with you.
Any additional consulting, deposition or testimony work is charged above and beyond the initial appraisal fee. Expenses for travel and out of pocket items are billed in addition to the appraisal fee.
It is always best to share the following information to help facilitate expenses and time: