What types of machinery and equipment do you appraise?
We have conducted appraisals for hundreds of individuals and companies. Some examples of the industries we appraise include: construction equipment, medical equipment, restaurant and food processing equipment, textile and dry cleaning equipment, retail stores, banks and professional offices, auto dealerships and auto repair, machine, metalworking and woodworking shops, and much more, including entire manufacturing plants and production facilities. Even if you don't see your equipment on this list, it is likely that we have experience appraising similar equipment.
Are your appraisals USPAP compliant?
All of our appraisals comply with the requirements of USPAP, the Uniform Standards of Professional Appraisal Practice. These are the generally accepted standards for professional appraisal practice in North America. These standards are written by The Appraisal Foundation, an organization authorized by the U.S. Congress as the source for national appraisal standards and qualifications. USPAP contains standards for all types of appraisal services, including real estate, personal property (including machinery and equipment), and business valuations.
Do you provide certified appraisals?
For real estate, the appraiser must be licensed or certified in the state in which the property is located. For machinery and equipment appraisers, there is no certification. All our appraisers must be accredited by the American Society of Appraisers. To be accredited, our staff must pass ASA's rigorous requirements, including completing a series of valuation courses, an ethics exam, a USPAP course, and have multiple years of experience in the appraisal field. In addition, all our appraisers must meet the requirements by the Internal Revenue Service (IRS) for qualified appraisers.
What types of appraisals are there?
There are two types of appraisal reports, and many definitions of value that might apply. You can find out more about types of appraisal reports and definitions of value by clicking on one of "Appraisal 101 Topics" or call us so we can review your situation to determine which type of report and which definition of value is applicable for you.