How to Establish Market Value of Household Goods
Whether you need to establish an insurance value for the items in your home or determine the value of a tax deductible donation, it is important to know the market value of those goods. A number of resources exist to help you establish the proper market value, and using those resources is the best way to get an accurate reading.
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Instructions
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Gather as much information as you can about each item you want to value. Find out as much as you can about the brand and model number of each item, as well as its approximate age.
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Review as many sources as you can to search for items similar to the ones you own. These sources can include online and newspaper classified ads as well as online auction sites. Searching the completed listings on auction sites can be particularly valuable, since you are looking at actual sales of items similar to the ones you have.
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Contact a professional appraiser if you are dealing with items such as artwork, antiques, collectibles or fine jewelry. These are specialty items, and it is best to get the opinion of a recognized expert when valuing them.
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References
Resources
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