Desktop appraisals, or limited scope appraisals, aren’t always cheaper or faster than the usual equipment appraisal, but — as discussed in a previous post about desktop appraisals — sometimes they’re a reasonable choice given the circumstances. And if you and your appraiser agree that a desktop appraisal meets your needs, you’ll be doing some of the…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 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
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
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
What Determines the Cost of an Appraisal?
When folks call us for an equipment appraisal, the first thing they usually ask is how much an appraisal will cost. Many of them are surprised to hear that we need a lot more information about their equipment and their situation before we can provide a quote or bid for the job. Why does your…Read More
Simplify Legal Matters with Shared Experts
Sharing a machinery and equipment appraiser in a legal conflict is an effective way to reduce costs and discord. Shared experts is common in legal proceedings concerning issues like mergers and collateral lending and it’s useful for family law cases as well. Deciding to share an equipment appraiser benefits parties on both sides of a…Read More
How to Read an Appraisal Report
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
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