American Society of Appraisers members elect new slate of officials. Locally, Sacramento Equipment Appraiser Jack Young elected to Vice-president of ASA NorCal chapter. Read More
The Bankruptcy Appraisal Process: 5 Steps to Saving Money – Part 2
PART 2: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 2 of 2 discusses details of providing useful equipment photographs, planning an efficient on-site inspection, and working with a qualified, accredited equipment and machinery appraiser. Following these steps will provide you with the equipment appraisal you need for the least amount of cash outlay. Read More
The Bankruptcy Appraisal Process: 5 Steps to Saving Money
PART 1: Cut costs on your equipment appraisals with these 5 simple steps from Northern California ASA Equipment & Machinery Appraiser, whatever your business: agriculture, manufacturing, construction or excavation, recreation, heavy equipment, rolling stock or shop production. This Part 1 of 2 discusses details of preparing a thorough Asset Spreadsheet in an electronic program and providing complete Equipment Information, including reports needed for Speciality Equipment and Machinery. Carefully following these steps will provide you with the equipment appraisal you need with the least amount of cash outlay. Read More
Choosing a Bankruptcy Equipment Appraiser
Choose an equipment appraiser who will make bankruptcy filing easier, not more difficult. Be sure that the equipment and machinery appraiser providing the bankruptcy appraisal is qualified, experienced, and approved by your Bankruptcy Attorney. Read More
Before Getting a Bankruptcy Appraisal, Obtain Legal Assistance
Considering bankruptcy? Before calling an equipment appraiser for an appraisal of your business assets and equipment for bankruptcy purposes, call a bankruptcy attorney. Good legal advice can save business owners costly mistakes in the bankruptcy process, including the possibility of disqualification. With your attorney’s help, you can decide if filing for bankruptcy is the best option for your business and determine the steps along the way, including a qualified equipment appraisal of your business assets. Read More
Collector Car Appraisals for Remote Purchases
If you are buying an automobile from a remote location and you need to have someone take a look at it to be sure the paint job is flawless, the chrome is spotless, the upholstery is properly rolled and tucked, there isn’t a quarter panel from China, and the windows are whole, you probably don’t really need a USPAP automobile appraiser. I suggest that you save your money and put in a call to the premier automotive repair guy in the neighborhood where your possible purchase is located. Read More
ASA Education in SF: Les Miles, ME207, Advanced Cost Approach, June 16-18
Les H. Miles, Jr., FASA, CEA, FAPI, will teach a 3-day seminar–ME 207, Advanced Cost Approach–in San Francisco this June, 16-18. This is an important seminar not only for machinery & equipment appraisers, but for anyone interested in using or understanding the theory and practice of advanced cost approach in appraising: appraisers, of course, in any specialty area, but also realtors, loan officers, attorneys, bankers and CPAs. Read More
Appraising Commercial Trailers in a Demanding Market
What influences high values in used equipment? Northern California Ag equipment appraiser suspects increased demand and finds that yes, a surge in orders for new agricultural transport trailers correlates with increased value for used trailers in the Sacramento Valley and further afield. Read More
Ag Appraisal at the Colusa Farm Show
Northern California ASA Equipment Appraiser has a field day researching agricultural equipment at the Colusa Farm Show and comes home with a new project–YouTube videos for the NorCal Valuation youTube channel. Read More
What’s Your Equipment Worth?
How does a qualified equipment appraiser determine the value of the equipment on your farm, manufacturing facility, restaurant, recreational center, or production shop? Three approaches to value can be used in equipment appraisal–sales comparison, cost, and income; deciding which is most appropriate for your equipment is one of the equipment appraiser’s important determinations whether appraising agricultural equipment, construction equipment, production or recreational use equipment or other business assets. Read More
The Role of Levels of Trade in Appraisals
Equipment appraisals for different reasons may yield different bottom-line values, depending on the level of trade used by your equipment appraiser. USPAP regulations require that an appraisal report “identify the type and definition of value.” Learn more about it! Read More
Valuing Specialty Equipment: Cost Approach
While equipment appraisal generally depends on Sales Comparison approach, researching an opinion of value takes an interesting turn when we appraise out-of-the-ordinary farm and manufacturing equipment. A California ASA explains the challenges and satisfaction of valuing one-of-a-kind, custom-designed & -built, just-for-our-shop/farm/assembly line creations using the Cost Approach.
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