As we begin the process of “Spring Cleaning”, it’s time to take a good look at our surroundings and determine what items are bringing us joy and what items may need a new home. You may discover that you have some antiques that do not hold any sentimental value, but can provide you with much needed cash or extra space in your home.
I’m excited to share a recent article from Lynn Magnusson, ASA, AAA of Personal Property Consultants, Inc. Lynn is an industry expert with a specialty designation in Antiques and Decorative Arts. Lynn is also an Associate Member of NAPO NNJ. Here’s Lynn’s Expert advice on selling your treasures. The answer is more complex than you might think, so she outlines some key considerations to help you make the best decisions below:
“How do I sell my antiques?”
The appraiser’s job is to determine the scope of the project. This means that you should be prepared to answer important questions that will determine the answer to your question.
- What is your motivation?
- Are you moving, downsizing, in need of cash, trading up or settling an estate?
- What is your time frame?
- When do you need to have the cash in hand?
- Do you have the authority to sell or are you calling on behalf of someone else?
- Have you ever sold your items in the past and how was your experience?
- Are you seeking offers or are you looking for an appraisal?
- What is the quantity and quality of your antiques?
- Do you have a previous appraisal? When was it conducted, for what purpose and by whom?
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The answers to these questions will establish the plan of action, starting with making an appointment to examine the item(s). Many times, the marketplace and result expectations are quickly determined. The end result is a successful sale in an appropriately timely fashion. Expect to pay a fee for the appraiser’s time, market expertise, knowledge and connoisseurship skills. Remember…you don’t hire professionals because it costs you. You hire professionals because it pays.
My advice is for you to hire Lynn Magnusson, ASA, AAA of Personal Property Consultants, Inc!
So much thanks to Lynn Magnusson, my guest blogger! To contact or work with Lynn directly, you may find her at: http://www.ppcappraisals.com.