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Included here:
Schedule of Nancy Stacy’s Future Courses and Seminars
October 25 – San Francisco – Conquering Comps workshop – (ASA-NorCal
- Northern CA chapter of the American Society of Appraisers) Contact
Carole Richbourg for registration
carole.richbourg@comcast.net.
You can see more information about this course by clicking
here.
This is the first of a series of 4 jewelry appraisal workshops planned
by the Northern California chapter of ASA for 2008-2009, featuring a
variety of presenters and subjects. Workshop #2--probably on March 4,
2009--will feature La Shawn Bauer and his fantastic all-new presentation
on the fine points of evaluating jewelry craftsmanship! You will
certainly view jewelry with a keener eye after this workshop!
Our third workshop will be an in-depth presentation on evaluating and
appraising colored diamonds. Diamond dealer and colored diamond expert
Michael Holtzman has agreed to fly in from Chicago to present this
first-time seminar. Target date is June 27.
Our fourth seminar will be on the subject of evaluating and appraising
estate jewelry for Marketable Cash Value. We have three highly
experienced dealers/connoisseurs under consideration for this offering,
which will be in September, 2009—either the 12th or the 29th.
To Be Determined: Mark Gamel, NAJA, has offered to host a
low-overhead “Conquering Comps” workshop in the Cincinnati, OH area
for NAJA members. When we have a group of 15-20 interested members, he
will set it up. This will be a non-profit expense-sharing offering, so
the larger the group the lower to cost! Contact Mark Gamel
mark@JEWEL-CRAFT.COM if you
are interested.
COURSE DESCRIPTIONS
Conquering Comps - G&J Market Modeling
You do your due diligence. You know you’re supposed to look at sales of
properties like the item you’re appraising. You search for comps, but
never seem to find exactly the right ones. What do you do? In fact, what
do you do with the comps you actually find, when they never seem to be
exactly right?
This workshop was designed for you, with all-new appraisal exercises!
First, we will answer the question “what IS a comp?” We’ll examine how
to hone in on the key value elements of an item and open up a much
larger selection of comparable sales. Next, we’ll nullify any effects of
inflation that might have taken place between the date of sale and the
effective date of the appraisal.
You’ll learn how to model a market, and you will become familiar with
the various types of adjustments available to fine-tune your
comps—market level, whole property, dollar and percentage adjustments.
We will work our way through actual appraisal problems so you can have
hands-on experience.
As an added bonus, you’ll receive an Excel spreadsheet to make working
with comps easier.
After all adjustments have been applied, we will analyze our results to
determine our level of confidence in the indicated value.
But we don’t stop there. In real life we need to explain our methods and
conclusions. So, we will finish up the day by preparing a concise and
clear narrative explaining our process and reasoning.
This course was designed for experienced appraisers, but even beginners
have demonstrated that it is not necessary to have a background in
appraisal in order to learn and utilize this method. You will leave this
course with renewed confidence in your ability to locate, choose, adjust
and analyze comparable sales. You’ll have conquered comps!
Appraising Estates – Beyond Tax & Donation
Estates—large or small (and sometimes sad) need appraisers who
understand and can perform the precisely right kind of appraisal that is
compliant with the governing legal authority in these less-encountered
situations. Very often this is a state (as opposed to Federal)
jurisdiction.
This workshop starts with the assumption that you are already familiar
with IRS estate appraisals for estate tax or donation purposes. And
perhaps you are already familiar with the increased IRS penalties for
performing these appraisals with less than due diligence. No? You will
probably be able to pick up guidance for Federal IRS appraisals as we
explore and contrast to the appraisal methods in other estate appraisal
situations.
We all memorized the IRS definition of Fair Market Value in our basic
courses. Perhaps you are aware that each of the 50 states has its own
definition of value for the estates falling under state jurisdiction?
Some follow the Federal reasoning in concept, though not necessarily in
wording. Other states differ radically, and call for a different method
of valuation altogether. All states like to see evidence that the
appraiser understands, can cite, and perform the appraisal to the
appropriate standards.
In this workshop we will examine several different types of appraisal
question, from probate, to estate distribution, to trust formation and
maintenance, to conservatorships and bankruptcy.
This is an under-served market for estate appraisal that you could be
tapping. You will leave this workshop with a clear understanding of the
differences between the many faces of estate appraisals, and ideas of
how to promote your services in these “niche” markets.
Ins and Outs of Jewelry Insurance
Appraising for insurance coverage is the most common type of jewelry
appraisal. Yet most appraisers do not really understand the basics of
insurance theory, the various types of insurance contracts, or the
different methods by which an insurance claim might be settled.
It is not the goal of this workshop to make you an insurance expert—it
takes formal training for that. However, after this seminar you will
understand some insurance basics: how insurance came into being, the
theory underlying the concept of insurance, the basic types of policies
available for insurance coverage, and the various ways in which a
jewelry insurance claim might be handled.
You will leave having a real appreciation of the importance of your
insurance coverage appraisals, and you will be able to explain to your
clients why a detailed and accurate appraisal will save them money in
the long run, and assure a fair settlement in case of loss.
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