In contrast to some of our competitors, we do not arrive at opinions of value relying solely on our “years of experience”. For What It’s Worth Appraisals Inc. employs exhaustive market research to locate actual market offerings (sales comparables), since market data is typically the most reliable indicator of value. Market data can also be used to measure combined obsolescence for the Cost Approach.
We collect the data specific to the subject property and perform the necessary research to find comparables, cost information, and income stream specific to the subject property (where applicable). The appraiser considers all of the evidence in respect to the three approaches to value: Sales Comparison (“Market”) Approach, Cost Approach, and Income Approach.
Our inventory valuation process also considers the three standard approaches to value; however, value is typically determined using the Cost Approach. Factors affecting value are applied to inventory categories experiencing similar physical, functional, and economic conditions.
When you choose For What It’s Worth Appraisals Inc., you get the highest standards in professionally accepted appraisal practice in our equipment appraisal services.