Appraisal 101
Whether this is your first appraisal or part of your ongoing annual business processes and controls, you have come to the right place. We have over 25 years of experience in equipment, finance and appraisal services and we can be a valuable partner for you.
Most common reasons to get an appraisal – corporate valuation, pre-sale, pre-purchase, pre-auction, financing/banking/lending, insurance/bonding, estate planning, 3 Ds (Death Divorce, Debt), 1031 exchange.
Fair Market Value is an opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.
Equipment Appraisers
Orderly LiquidationOrderly liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.
Forced Liquidation ValueForced liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date.
Salvage Value - Equipment AppraisersSalvage value is an opinion of the amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date.
Scrap ValueScrap value is an opinion of the amount, expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use, as of a specific date.
Most common reasons to get an appraisal – corporate valuation, pre-sale, pre-purchase, pre-auction, financing/banking/lending, insurance/bonding, estate planning, 3 Ds (Death Divorce, Debt), 1031 exchange.
Appraisal Terms/Definitions
Fair Market ValueFair Market Value is an opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.Equipment Appraisers
Orderly LiquidationOrderly liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.
Forced Liquidation ValueForced liquidation value is an opinion of the gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date.
Salvage Value - Equipment AppraisersSalvage value is an opinion of the amount, expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for possible use elsewhere, as of a specific date.
Scrap ValueScrap value is an opinion of the amount, expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use, as of a specific date.
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