If you are curious, go to eBay and compare the asking prices for pianos with the prices of pianos that have already sold, and you will find the values are often drastically different. For instance, the price for a piano in a store, where instruments are tuned and regulated will differ greatly from the price on Craigslist, and consignments will vary as well. Also, the type of sale will often affect the sale price. So, the replacement value can be difficult to determine. There are countless piano brands out there, many that no longer produce instruments. However, this value does not necessarily reflect the current market value. Why You Can’t Use Appraisals to Determine Selling Prices of PianosĪs we discussed earlier, an appraisal is a legal document that assigns value to an instrument, often for the purposes of insurance claims or an estate settlements.
Condition and brand play an even bigger role. The age varies greatly in pianos, from being brand new, to pianos that are over 100 years old. When it comes to pianos, there are several factors that affect a potential sale price. In the case of automobiles, there are reliable valuations available from Kelley Blue Book and Edmunds which provide a general idea of sale prices.
When selling a house, you can access the selling history for a property, and coupled with current market values, this will give a fairly accurate idea of a reasonable sale price. There are some key differences in the valuation of pianos. Selling a piano can be a bit overwhelming at first, so naturally one compares the process to selling other large items, such as cars or houses. Selling a Piano is Not Like Selling a Car or House
Although this value is well researched and legally binding, it has little to no bearing on the potential selling price of an instrument. In cases of tax fraud, an appraiser is held legally liable, since an appraisal is a legal document. A piano appraisal is a legal document drawn up by an expert in the field which assigns value to an instrument, often for the purposes of insurance protection or estate settlements. Many people seek out appraisals to determine selling prices for instruments, but this is not the purpose of piano appraisals.
Piano appraisals are not what you might think.
0 kommentar(er)
