...that the same item may have many different appraised values depending on how you intend to use the appraisal? For instance, a value for insurance may be very different than a value for estate tax, consumer resale, or charitable contribution.
Other assigned uses include investment, liquidation, price confirmation, equitable distribution, loan collateral, casualty loss, and many more. Qualified, educated appraisers understand the many different types of values, assigned uses, and market levels. He or she works with you to choose the proper type of value so that you can use the appraisal correctly and effectively.