Earlier, we reviewed current conditions in the retail propane industry, a commodity-based industry in a mature market place suffering from reduced sales and relatively flat projected growth. With a general understanding of the industry situation, the retail propane equipment appraiser can more easily address the interesting challenges in valuing the 3 standard equipment categories of…Read More
Considering Installation Costs in Valuations
Installation costs are one of the variables in equipment appraisal so let’s look at two valid reasons an equipment appraisal might not include installation values. The most obvious reason an equipment appraisal might not address installation costs is that a great variety of equipment doesn’t have any associated installation costs. Installation costs include freight, delivery,…Read More
Considering Absorption in Valuations
The concept of absorption is used relatively often in real estate appraisal and the same concept, known as “blockage,” is a well-documented in the art valuation world, particularly in tax-related appraisals. The term “blockage” — used by the IRS — derives from issues related to selling a large block of stock and seeing the related…Read More
USPAP 2012-2013
UPDATE, March 8, 2012: We got a call this morning from the fine folks at the Appraisal Foundation asking us to remove the link to the free Gold app USPAP publication originally included in this blog, so you will not be able to click through to that. The flip book link was allowed to stay….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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Sacramento Appraiser on Vacation: No Busman’s Holiday
Sacramento equipment appraiser shuts down his office to roam the Sierra high country for two weeks; pictures available on the NorCalValuation Picassa website. Read More
Why You Need a Qualified Appraiser
Why your machinery and equipment appraiser must be an unbiased trained and knowledgeable professional who provides a report supporting an impartial opinion of value based on expert knowledge, adjusted comps and market research, in line with USPAP guidelines, ethics and appraisal procedures. Read More
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