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.
Orderly Liquidation Orderly 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 Value Forced 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.
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.Orderly Liquidation Orderly 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 Value Forced 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.
