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Posted by Drew on April 8, 2008, 7:36 pm
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> wrote:
>>SNIP<
>> One sale is not fair market value. How do you know the
>> eBay
>> seller isn't desperate for cash? How do you know they
>> aren't an idiot (no insult intended to the eBay seller).
>> You don't. Your term "supposed expert" is an insult to
>> all
>> qualified appraisers. Obviously you haven't spent any
>> time
>> reading court opinions and IRS rulings about how they
>> view
>> appraisers opinions versus other data.
>>
>> >> Who do you think the IRS and the Courts will believe.
>>
>> > I would believe reality in preference to a so-called
>> > expert, unless
>> > the expert is willing to back up his claim with cash
>> > (e.g.
>> > if he won't
>> > buy it for $1,000, how credible is his claim that it's
>> > worth $1,500?)
>>
>> Reality? One data point versus a qualified appraiser's
>> years of experience. Get 20 actual sales from eBay and
>> then
>> come back. Even then you can't compare the conditions
>> which
>> a qualified appraiser would do. Why does the appraiser
>> have
>> to be willing to buy it for his/her opinion to be
>> correct?
>> Unless the appraiser is in the business of buying and
>> selling used books or was a collector of such books why
>> would he want to buy it and then have to deal with the
>> hassle of selling it?
>> SNIP<
>
> Coming back in here, here's a good point. A qualified,
> experienced
> appraiser isn't
> going to be an "expert" in everything. While the value
> here is
> relatively small, would not
> a professional obtain a secondary opinion to make his
> client feel more
> confident in the
> appraisal process? Maybe I'm too Pollyanna but that's
> what I'd
> consider if I were in
> the position. Even if he simply asked a colleague to do a
> favor.
>
> I can't shake the feeling that this thread, and the heir,
> has put more
> cumulative time into the
> issue than the appraiser has.
My first step would have been to ask the appraiser to look
at the eBay posting and any other evidence I had and
politely asked him to reconsider his opinion. But if he
wouldn't change his mind then I would use his value or pay
for another appraisal (only if cost effective). Perhaps the
OP has already done this and not gotten satisfaction.
Drew Edmundson, CPA
Cary, NC
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