A desktop appraisal report is typically used to determine value without the expense of an on-site inspection and detailed analysis of the condition of the machinery or equipment. You send us pictures and a brief description of the machinery or equipment and we provide a value based on this information.  You may consider this if the items are well documented, but do not tryo to save money on the next thing…

A summary appraisal report is typically utilized for estimating the value of machinery and equipment. On-site inspection details are included in the appraisal report. This USPAP compliant report expresses value as a single figure for each tangible asset valued and the aggregate is reported as a single number.

Just say “No!” to a Non-Certified Appraiser

Why?  It’s not always just a lack of requisite knowledge or expertise.  Many non certified persons have a great deal of industry experience and frankly, we ourselves consult with them ourselves from time to time!  The problem is that a machinery and equipment dealers or auctioneers may have a hidden agenda.   Worse yet, their opinions don’t hold weight if put to the legal test (See USPAP)   You see 99% of these individuals are not certified or trained in providing USPAP compliant appraisal reports. If the appraisal report you obtain is not USPAP compliant it is not a “qualified” appraisal prepared by a “qualified” appraiser pursuant to the Council of Foundations, IRS, or others.