How Much Is Your Personal Property Worth?
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Before selling or borrowing against personal property, learn its value. Antiques, artworks and other collectible items often have such an individual nature that fixed values are difficult to establish. For such individual items, you should at least be able to determine a range.
You can get an idea about what your personal property is worth by a variety of means.
An easy place to start is by looking on the internet.
- Auction sites such as ebay.com and LiveAuctioneers.com will give you an idea of what comparable items are being sold for for free.
- Consider subscribing to a database of auction-house sales. For instance, while each of the following sites have a charge, they both offer a free preview. They can also help you identify auction houses which specialize in your type of property.
- You can get an idea of value from appraisal sites such as instappraisal.com (free appraisals) or ValueMyStuffNow.com (for a small fee). The ValueMyStuffNow site is based in England and the home page shows British pounds. For U.S. dollars, select the currency on the 'Pricing' page before you proceed.
You can also get an idea of value from an appraiser (an expert on current value of property), local stores or flea markets. Suggestions for obtaining value of items such as automobiles, jewelry and household and other less expensive items are discussed in other sections of this document. For more information see:
- How To Find, Choose And Work With An Appraiser
- How To Value Household And Other Inexpensive Items
- How To Value An Automobile
- How To Value Jewelry
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