Informalvaluer

An 'informalvaluer' refers to an individual or entity that assesses the value of assets, properties, or businesses without adhering to formal valuation standards, using a more subjective or anecdotal approach. This method may be utilized in situations where quick evaluations are needed or when formal appraisals are impractical. Informal valuers may rely on personal experience and market knowledge.

Informalvaluer meaning with examples

• When considering selling her vintage car, Jane sought the opinion of an informalvaluer who had a good knowledge of classic automobiles. His estimate, although not officially recognized, provided her with a better idea of her car's worth.
• The real estate agent acted as an informalvaluer when discussing the potential pricing for the home, taking into account recent neighborhood sales and his familiarity with the local market conditions to guide the sellers.
• During a charity event, an informalvaluer was invited to appraise the donated art pieces. Although his evaluations lacked formal backing, his passion for art helped to garner a better understanding of the pieces' potential value.
• In informal business partnerships, one common practice is to consult with an informalvaluer to determine equity contributions, helping partners to reach a consensus without the costs associated with formal valuation services.
• As an informalvaluer, Mark often provided his friends with market insights regarding collectibles. His assessments were based on collective experiences and trends he observed, rather than official appraisal methods.