Certified Appraisals
Professional, Prompt, & Precise Certified Appraisals
Contact us today for a free consultation for your valuation report.
We offer complete on-site inspections with full asset reports used to serve a number of purposes including Financing, Acquisitions & Mergers, Insurance, Estate Planning, Litigation, Business Valuations & More.
Offered on its own or alongside an appraisal, we are able to complete an Asset Identification Report for your company to provide you with a complete, organized listing of all of your assets, including asset tags on each individual piece of machinery.
We also offer uninspected Deskside Appraisals, which is a registered trademark of Gold International Machinery Corp. We can provide you with evaluation of your machinery and equipment utilizing your product catalogs, photographs, invoices, asset lists, etc.
Our staff of appraisers are AMEA (Association of Machinery and Equipment Appraisers) certified and complete all continuing education in accordance with the AMEA guidelines and rules. An AMEA Appraiser has years of buying and selling in the same marketplace as he or she is appraising. This knowledge provides a better perspective to general quality evaluation and the extra insight to provide accurate numbers.
An AMEA Appraiser has undergone extensive testing and keeps up-to-date by regularly attending required continuing education programs. The AMEA appraisers learn from noted professional equipment specialists and financial experts not only what values can be expected but also what to look for in terms of conditions, accessories, tooling and other value characteristics. Members are required to acquire 70 hours of credit every five years.
An AMEA Certified Equipment Appraiser has an appraisal reviewed by a committee of peers every four years to be sure that their appraisals continue to meet the required standards and procedures, and has a network of specialists in every industrial environment for support in the field.
Definitions of Values:
REPRODUCTION COST, NEW
A professional opinion of the cost of reproducing a new replica of a property on the basis of current price with the same or closely similar materials, as of the effective date of this appraisal report.
REPLACEMENT COST, NEW
A professional opinion of the current cost of a similar new property having the nearest equivalent utility as the property being appraised, as of the effective date of this appraisal report.
FAIR MARKET VALUE
A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all the relevant facts, as of the effective date of this appraisal report.
FAIR MARKET VALUE IN CONTINUED USE
A professional opinion of the estimated amount, expressed in terms of money, that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both and neither parties under any compulsion to buy or sell, and both fully aware of the relevant facts, including installation, as of a specific date, and assuming that the earnings support the value reported, as of the effective date of this appraisal report.
FAIR MARKET VALUE - INSTALLED
A professional opinion of the estimated most probable price, expressed in terms of currency to be realized for an installed property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, as installed for intended utilization, as of the effective date of this appraisal report.
REPLACEMENT COST, USED
A professional opinion expressed in terms of money, which the subject machinery and equipment would cost if it could be replaced by used machinery and equipment. Often, used machinery and equipment cannot be duplicated due to unavailability or model changes. Therefore, USED REPLACEMENT COST may reflect the appraiser’s opinion of replacement with machinery and equipment similar but not necessarily identical in model, functions or capacity. USED REPLACEMENT COST is F.O.B. Used Vendor’s facility or AS IS WHERE IS location of replacement machinery, as of the effective date of this appraisal report.
FAIR MARKET VALUE - REMOVAL
A professional opinion of the estimated amount, expressed in terms of money, that may reasonably be expected for a property, between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell and both fully aware of all relevant facts, as of a specific date, and assuming that the earni
LIQUIDATION VALUE IN PLACE
A professional opinion of the estimated gross amount expressed in terms of money that could typically be realized from a failed facility, assuming that the entire facility would be sold intact within a limited time to complete the sale, as of a specific date and as of the effective date of this appraisal report.
ORDERLY LIQUIDATION VALUE
A professional opinion of the estimated most probable price, expressed in terms of currency, which the subject equipment could typically realize at a privately negotiated sale, properly advised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of this appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are sold on a piecemeal basis “as-is-where-is” basis with purchasers responsible for removal of assets at their own risk and expense
FORCED LIQUIDATION VALUE - (AUCTION)
A professional opinion of the estimated most probable price, expressed in terms of currency, which could be typically realized from a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of this appraisal report. Conclusions taken into consideration are the physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers are considered. All assets are to be sold on a piece-meal “as-is-where-is” basis with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and or monetary appeal necessary to gain the price indicated.
DESKTOP OPINION
A professional opinion of the appropriately defined value, expressed in terms of currency to be realized by the sale of assets, in which the opinion is generated from the list and/or other informational materials supplied to the appraiser and evaluated without the benefit of an actual on site inspection. This opinion is not recommended for use in the credit divisions. A desktop opinion should be used to determine the need for an appraisal or the scope of an appraisal.
FAIR VALUE
A professional opinion of the estimated most probable price, expressed in terms of currency to be realized for an installed property in an exchange between a willing buyer and a willing seller, with equity to both, neither party being under any compulsion to buy or sell, and both fully aware of all relevant facts, as installed for intended utilization, as of the effective date of this appraisal report. (This amount includes all normal direct and indirect costs, such as installation and other assemblage costs, to make the property fully operational but does not have to be supported by the business earnings.)
SCRAP VALUE
A professional opinion is the estimated 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 and/or the effective date of this appraisal report.
INSURANCE REPLACEMENT COST
A professional opinion of the replacement cost new as defined in the insurance policy less the replacement cost new of the items specifically excluded in the policy, if any, as of a specific date and/or as of the effective date of the appraisal report.
SALVAGE VALUE
A professional opinion of the estimated 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 use elsewhere, as of a specific date and/or the effective date of the appraisal report.
INSURABLE VALUE DEPRECIATED
A professional opinion of the insurance replacement cost new less accrued depreciation considered for insurance purposes as defined in the insurance policy or other agreements, as of a specific date and/or as of the effective date of the appraisal report.
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