Appraisal Services and Asset Evaluations
With an equipment appraisal engagement, you will receive prompt attention, an accurate, irrefutable, defensible, and descriptive report that includes photographs, model and serial numbers, and other descriptive information that will withstand scrutiny. Our assignment of value is based on extensive research, personal inspection, and contact with manufacturers and suppliers to determine what your machinery is really worth.
Approaches to Value definitions
Forced Liquidation Value:
Is the estimated gross amount expressed in terms of money which could be typically realized from a properly advertised and conducted public auction, with the seller being forced to sell with a sense of urgency on an as is-where is basis, as of a specific date, usually held within 60 days of equipment possession. The value does not consider extra removal, painting or transportation costs from the original location that may be borne.
Orderly Liquidation Value:
Is the estimated gross amount expressed in terms of money which could be typically realized from a liquidation sale, given a reasonable period of time to find a purchaser(s), the seller being compelled to sell on an as is condition – where is location basis, as of a specific date. The buyer is responsible for costs to disassemble and remove. In this report the time frame would be expected to be 90-120 days for construction. These values are not discounted for assembling, cleaning, security, advertising, storage, brokerage or other disposal costs, if any. Both the buyer and the seller have knowledge of the use and purpose for which this equipment is adapted and for which it is capable of being used.
Fair Market Value –Removed:
Is the estimated amount expressed in terms of money that may reasonably be expected for a property in exchange between a willing buyer and a willing seller with equity to both, neither under a compulsion to buy or sell and both fully aware of all relevant facts, with no time limitation to sell. The value realized from a retail sale is to an end user and removed from its current premises. This value assumes the equipment is maintained according to the manufacturer’s recommendations and performance standards. This value reflects the value based on the condition found on a physical inspection.
Appraisal uses:
- Financing or Refinancing
- Mergers and acquisitions
- Companies buying or selling
- Partner buyouts
- Estate Planning
- Bankruptcy or corporate restructuring
- Risk management
- Divorce Settlements
- Tax Purposes
- Litigation Support
- Trust Planning