Real Estate, Business, Machinery & Equipment Appraisal Services
Professional appraisers provide opinions of the value of for various property types. An appraisal is needed for occasions, such as Purchase Price Allocation, Litigation, Property Tax, Divorce, Charitable Donation, Purchase Negotiations, Buy/Sell Agreements, Depreciation Schedules, Financial Reporting, etc…
An appraisal is the professional opinion of the value of an experienced and educated appraiser. An appraiser identifies the objects appraised, the scope of work performed by the appraiser, the client and other intended users, and the intended use of the report. It includes the definition of value, the effective date, and the property relevant characteristics, the data, and analysis required to support the opinion of value. They earn the public trust by their ethical performances
Appraisers must be independent, impartial and objective and comply with “Uniform Standards of Professional Appraisal Practice” in order to serve the client and earn well her/his reputation.
The cost for an appraisal will vary based on the type of property, complexity, the intended use of the appraisal, the cost of travel, and the level of detail needed. The terms of payment vary; it may be a payment in full at the beginning of the assignment; or a retainer with a prior payment before submitting the appraisal report. The requirement for prior payment protects the independence of the appraiser. The time to complete an appraisal will vary based on the type and quantity of equipment, the intended use of the appraisal, equipment located in one or multiple places, the amount of travel, and the level of report detail. Many appraisals will take two to four weeks.
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