Some folks get their equipment appraisal reports and flip straight to the value amounts. And that’s fine — it’s the final opinion of value, after all, that’s needed for most equipment appraisal purposes — but that value amount doesn’t confirm whether or not you’ve gotten a useful and qualified report: a report that not only provides…Read More
Appraising CNC Machines
Appraising automated machinery is a regular part of our equipment and machinery appraisal practice. Computer Numeric Controlled (CNC) automated machinery appears on asset lists not only at large manufacturing operations of all types, but also in small custom machining shops. I’ve appraised them for purposes of collateral lending, buy/sell agreements, family law, and insurance purposes….Read More
Believe It or Not, We’re on Pinterest!
We started the NorCal Valuation Inc. equipment appraisal Pinterest account as an experiment and it’s turned into a fun little project. As equipment appraisers we take thousands of pictures every year and it is an area we like to have some creative fun with. As of today, we’ve got about 20 boards, most of which are…Read More
Appraising Restaurant Equipment: What’s Real Property?
Appraising restaurant equipment often begs the question of which equipment is personal property — and should be valued for the purposes of the appraisal — or real property — as in, part of the real estate. While most folks have never considered whether a walk-in cooler, for example, is equipment or real estate, that’s a question…Read More
Got CARB? Diesel Off-Road Equipment Deadlines
Is your mobile off-road diesel equipment CARB-compliant? Just in case you missed the memo, reporting and labeling is now mandatory for all off-road fleets per the California Air Resources Board (CARB) mobile off-road diesel equipment regulations. If you haven’t reported your applicable equipment yet, you might want to put a rush on it order to…Read More
Have Appraisals, Will Travel
Sometimes being an equipment appraiser means we have to take a road trip. And sometimes, a series of assignments means that the laptop and the smart phone transform the passenger seat of the company car into a mobile office for several days on end. Last month was very much like that, as we traveled from…Read More
CARB: After-market Diesel Filters & Duty Cycles
Emissions Retrofit Group recently hosted a great mini-seminar for the ASA NorCal Chapter summarizing some of the key aspects of the CARB DPI. I’ve been following CARB developments closely and thought I had the latest and greatest info, but the guys from ERG explained 2 important factors I’d been heretofore unaware of. In this post, I’m…Read More
Choosing an Appraiser for Leased Equipment: 2 of 2
As pointed out in the previous Leased Equipment post, today’s equipment lessor must be more knowledgeable than ever before about the value of leased equipment: Many leasing decisions, from the initial transaction pricing through the ultimate disposition of the equipment, are based on the value of the underlying asset. In addition, it’s critical to have…Read More
Selecting an Appraiser for Leased Equipment: Part 1 of 2
Over the years, I’ve done a number of valuations on leased equipment for various reasons. It’s almost aways the case that the folks who are leasing the equipment and the folks who own it don’t agree on what the value of the equipment is or even what the premise of value should be for the equipment…Read More
CARB Tractor Rule: Rumors & Reality
As a machinery and equipment appraiser working in the Central Valley of California, I appraise a fair amount of mobile diesel-powered agricultural field equipment: tractors, of course, but also harvesters, sprayers, shakers, sweepers, and on and on. As anyone with an interest in diesel equipment knows, over the last several years the California Air Resources…Read More
How Will Dodd-Frank Affect Appraisals?
In this guest blog, Robert Podwalny, FASA, gives an overview of the Appraisal Review and Management (ARM) field of the appraisal profession, explaining why appraisal review is needed, what an appraisal review involves, who is qualified to review appraisals, and the opportunities available in this quickly-growing area of the appraisal profession. Substandard Appraisals One of…Read More
Paperless Appraisals
One of our new year’s resolution at NorCal Valuation Inc. is to be even more paperless in 2013. We took a big step in saving paper last year when we stopped mailing printed equipment appraisal reports. We now send electronic reports to all of our clients, whether attorneys, lending institutions, corporations, CPAs, or small businesses….Read More
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