Appraisal Review Report

7 Key Components of an Appraisal Review report

An appraisal review report provides the client with the reviewer’s opinion of another appraiser’s work.  For the reviewer’s opinion to be credible, it must meet certain appraisal industry standards. Do review appraisers have to comply with any specified rules? The Uniform Standards of Professional Appraisal Practice (“USPAP”) provide a set of rules for appraisers to […]

Review Appraiser

How to Choose a Review Appraiser for Equipment Appraisal Reviews

The purpose of an appraisal review is to develop a credible opinion of the quality of another appraiser’s work.  For that opinion to be credible, the review appraiser must have competency to perform appraisal reviews.  Can anyone perform a competent review?  That depends… Who is qualified to review appraisals? The reviewer is an appraiser with competency […]

Equipment Appraisal Review

Top 10 Reasons to Get a Machinery and Equipment Appraisal Review

Machinery and equipment appraisal reviews are used by lenders, tax consultants, attorneys, and insurance companies for settlements, compliance, and litigation because appraisals are frequently challenged.  Since an appraisal is an opinion of value, that opinion needs to be properly supported for the appraisal report to have credibility. What is an appraisal review? An appraisal review […]

equipment values

How Equipment Appraisers Put a Value on Collateral Assets

Asset Based Lenders often need to know equipment values in order to process collateral loans for unique assets, but the pressure of the loan cycle rarely affords them time to research the assets and industries. How do high-volume lenders determine loan value on collateral assets? The solution is simple: they hire an educated and experienced […]

accredited senior appraiser

Does accreditation matter for machinery and equipment appraisers?

Typically, you don’t know the appraiser personally, so how do you choose one from the herd?  On paper, they all look about the same.  But there are ways that you can differentiate some aspects to help you decide who to select for an appraisal quote.  Do yourself a favor, save time by first vetting the […]

property tax appeals

5 Ways to Lower Your Property Taxes

Clients often ask if there are ways to reduce their tangible personal property tax on their business assets.  While not all property qualifies for a deduction, a company can consider and apply some steps to lower property taxes or file for property tax appeals.  Some of these steps are simple, but time consuming.  Others may […]

equipment appraisal

What’s revealed by an equipment asset appraisal inspection?

Why order an inspection with an equipment appraisal? An inspection appraisal aides the equipment appraiser in determining valuations through a more comprehensive collection process to obtain asset identifiers.   What scope of work is included in a machinery and equipment appraisal inspection? In contrast to a desktop appraisal, a machinery and equipment appraisal with inspection includes a site […]

equipment appraisal inspection

Inspections – the key to cutting costs for equipment and inventory appraisals

An equipment appraisal inspection or inventory appraisal inspection allows the appraiser to collect data about the assets in a shorter period of time, thereby reducing the hours that the appraiser spends on the assignment.  These hours can add up to significant savings. How can an inspection appraisal cost less than a desktop appraisal? These days […]

desktop appraisals

Costly risks for machinery and equipment desktop appraisals

This article will discuss desktop appraisal risks and extra costs for machinery and equipment appraisals and inventory valuations.  Desktop appraisals for inventory, machinery, and equipment do not always cost less than an appraisal with inspection because of the additional steps the appraiser must take to develop a credible valuation. How a desktop appraisal can cost you more In some […]

desktop appraisal

What is a Desktop Appraisal?

An equipment or inventory desktop appraisal is a limited scope appraisal that does not include a physical inspection of the assets. Instead, the appraiser relies upon information provided to her by other parties regarding the subject property.   There is a place for the desktop appraisal Machinery and Equipment appraisal is unique in that the […]