b'GARAGE DOOR REPAIRBy Jim and Bobbi Jeen Olson,WesternTradingPost.comM any collectors wonder about theto figure into the average range as described above). value of their collectibles. They wantThings can, and do, go up and down in value depending to know, What is my collectibleon market trends. Sometimes things were bought years worth? The simple answer is: An itemago for not much money, yet today they will bring a nice is worth what a seller is willing to sell itpremium. Other items bought years ago may not be so for and a buyer is willing to pay for itapopular now and will not bring what was originally paid. mutual agreement in price. Boiled downSince there is no Kelly Blue Book for collectibles, we to the very basicsthats it. There is nohave to rely on what similar items are bringing in the reason to read further. Unless current market.Think about this. A seller and buyer inAnother factor to consider when determining the value Check outScottsdale, Arizona might agree to aof a collectible is what type of value are you seeking? higher price for an item than a seller andThere are basically two types of value placed on items: all of the areasbuyer in say, Sunizona, Arizona. Meaningmarket value and replacement value. Market value is just that a seller in an affluent area with goodthat, it is used to determine a fair market value and asking we service! traffic can place a higher asking price onprice if you are looking to sell an item in a reasonable an item and find a buyer willing to payamount of time. Market value is what weve discussed that price, than a seller in a smaller orthus far above. Replacement poorer area. So can the price vary fromvalue on the other hand is here to there? Hmmm Sometimes people haveusually higher, it is the cost From PrescottOUR SERVICES: Thats the way its always been. However,appraisals done onto actually replace an item if it were lost or stolen. This is that old way of doing business, wherebyalso referred to sometimes as & Prescott Valleyprices varied from region to region basedtheir collectibles (forinsurance value. Of course, on your location, is quickly going by theinsurance purposes)many one-of-a-kind items to WickenburgResidential Repair Specialist wayside and becoming the exceptionare irreplaceable, but we rather than the normal. With more peopleand then believe that isstill have to come up with & Buckeye toPanels & Rollers Replaced doing business on the World Wide Web,what they should get fora number to get as close as the marketplace is rapidly changing. Thepossible to replacing the Apache Junction Broken Springs & Cables internet has made it so easy for buyers tothe item if selling it. original. Even though other find asking prices of similar items fromitems may be more readily & Queen Creek tosellers across the globe and compare them to the price of the item sitting inavailable, we still need to think about what it would take if we had to replaceGarage Door Openers front of them. Sellers are no longer limited in selling to whatever buyers arethem, right now. These questions are taken into account when an appraiser is Rio Verde & in their immediate area (who sometimes may not place as much value ondoing a valuation for insurance purposes. Remember, it could cost a lot more Scottsdale.New Garage Doors & Entry Doors certain items as buyers in other areas). These days sellers can present theirto replace an item promptly than we think, therefore a higher estimated valueAutomatic Gate Openers & Motors products to anyone searching for a similar item anywhere in the world. for insurance purposes is generally given. THE ENTIRE VALLEYBut what if, a seller and buyer in Scottsdale, Arizona agree to a price, butHowever, sometimes people have appraisals done on their collectibles (forCommercial & Residential online another seller sold it to somebody else for half as much, doesntinsurance purposes) and then believe that is what they should get for the & ITS OUTSKIRTS! that mean the value still varies from place to place? That is one way to lookitem if selling it. This is seldom the case. Appraised (insurance) value is Sales, Service & Installation at it and actually, the value at that certain moment for those respectivealmost always higher than actual market value because of the other factors transactions was determined by the mutual agreement of those respectivewhich come into play when having to find an actual replacement in a timely SAVE 5% New Construction. and Much More! sellers and buyers, and it did vary. Those types of extremes can and domanner, as mentioned above.happen. But does that mean our particular like-kind items are valued on when you mention you saw us inthe higher end transaction or the lower one? Or somewhere in between? When determining the value of your collectibles, a reputable dealer or ARIZONA REAL COUNTRY! appraiser is usually a good place to start. Other collectors and the internet First, we need to realize that each of the aforementioned cases wereare also resources. A word of caution however with regards to using the probably anomalies in the overall picture. What we need to look for is, dayinternet and other collectors for your information: remember, you will also 928-222-DOOR (3667) inday out what are similar items selling for across the board? This hasfind a lot of misinformation and biased opinions online and from other to be determined in order to be more accurate. A good practice is to findcollectors (who often very are passionate about their items), so consider recent auction and gallery sales and figure the averages. Find a realisticthe source and look for information objectively like a dealer or appraiser median price range by looking at several recent sales, not just the odd high- would. There is a lot of work that goes into sorting through all the BS to end gallery sale or the odd low-end fire sale (which may have extenuatingfind solid data. Once you do, find an aggregate range and you should be 602-335-1077 circumstances like a motivated seller who will take less to move it now).pretty close.Also, forget about looking too much at asking prices. Remember, anyone can ask anything they want, but asking and getting are not the same thing.At the beginning of this discussion, the question was put forth, what is my Its best not to rely on asking prices when determining actual value, find outcollectible worth? As it turns out, its not just as simple as what a seller is 480-451-1931 what has been SOLD! willing to accept and a buyer is willing to pay because to be thorough, its really the average of several of those transactions if you want to know the Also, what was originally paid for an item generally has little bearing ontrue current market value. It also depends on whether you are seeking value MILITARY & what its worth today (unless it was bought recently and the sale can be usedto sell (market value) or for insurance purposes (replacement value). LOCALLY OWNED SENIOR DISCOUNTS& OPERATED Licensed Contractor ROC 222636 ArizonaRealCountry.com January 2021 57'