Back in the San Jose area late last month, this time inspecting construction equipment for a family law appraisal. We’ve done so much equipment appraisal work in the San Jose area that it’s almost like going home! The October weather, of course, was perfect, as is to be expected in Santa Clara County.
When to Worry About the Accuracy of Your Appraisal
An appraisal review or expert rebuttal report is a good choice whenever you feel confused about the methodology used in an equipment appraisal report or uneasy about the qualifications of the equipment appraiser. This could be a report you originally contracted for – or it could be an equipment appraisal report you’ve received from another…Read More
Must-Have Resource From the Appraisal Foundation
If you’ve ever had any questions about equipment appraisal, I’m happy to share with you a new, free downloadable brochure from the Appraisal Foundation, entitled Valuation of Machinery and Equipment. This full-color, 20-page booklet is packed full of must-have information; it lists reasons you might need an equipment appraisal, provides important definitions from the American Society…Read More
The Difference Between an Appraisal and an Appraisal Review
When clients call our office asking for an equipment appraisal review, I’ve found it’s important to ask them the purpose of the appraisal review. That quickly opens up the discussion about what an equipment appraisal review is and is not. And believe me, not everyone understands the difference between an appraisal (a quantitative analysis) and…Read More
Grocery Equipment Valuations
Next time you walk into a grocery store, take a moment to appreciate all the equipment on the sales floor –– from the cantilevered gondola shelves to the automated checkout stands, the food bar, water dispensing machine, and of course, all the refrigerated display cases: enclosed freezers, reach-in refrigerated cases, the open topped freezer boxes…Read More
The Use of Photos in Appraising Equipment
Taking useful photos is an important part of the equipment appraisal process. Taking interesting photos is a bonus. You’ve probably visited our flickr or Pinterest sites, where some of our photos are highlighted. We also use some photos to illustrate our blogs. A few weeks ago, we received a flattering email from a Canadian educational…Read More
5 Rules for Choosing a Qualified Equipment Appraiser
In a previous equipment appraisal post, we discussed the fact that machinery and equipment appraisers are not issued California appraiser licenses and certification pursuant to Assembly Bill 527. The regulations of that bill, which were established by what is currently the Bureau of Real Estate Appraisers, are only applicable to real estate appraisers. Machinery and equipment…Read More
Our 100th Post!
On the last day of June, NorCal Valuation Inc.’s equipment appraisal blog totaled 100 posts! That’s a lot of information about machinery and equipment valuation. Coming up soon will be post 102, as we continue discussing The Myth of the Certified Equipment Appraiser. In the meantime, I hope you’ll find plenty to read in our first…Read More
Accredited Appraisers vs. Certified Appraisers
Every now and then a client asks about our California appraiser license and certification pursuant to Assembly Bill 527. The regulations of Assembly Bill 527, we explain, were established by OREA (Office of Real Estate Appraisers now called the Bureau of Real Estate Appraisers) and so are only applicable to real estate appraisers. Machinery and…Read More
Use a Shared Expert for Appraising Equipment During a Divorce
A recent equipment appraisal asignment emphasized again the importance of using one shared appraiser for both parties in a marital dissolution – also known as a divorce. Just last week, a scheduled inspection for a manufacturing equipment appraisal had to be cancelled until further notice. A party in the divorce proceedings had taken a good look…Read More
Appraising Plastics Industry Equipment
Plastics, as a manufacturing industry with its own specialized equipment that needed to be appraised, started to take hold shortly after World War II. It wasn’t until the late ‘70s and early ‘80s, however, that “modern” plastics really started to come into their own. Nowadays, of course, we’d be hard-pressed imagine a life without plastics;…Read More
USPAP: Not just for Litigation Appraisals
Litigation support, from an equipment appraiser’s point of view, often seems like a long discussion about what constitutes an adequate appraisal report –– and that inevitably includes explaining what USPAP is and why it’s important. Of course, the benefits of a USPAP report aren’t limited to litigation purposes: professional appraisal standards benefit everyone in every situation for…Read More
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