What do equipment appraisers have to do with estate planning? That’s a good question and one I had to answer at length recently when applying for membership in an estate planning organization. The fact is, some of our largest equipment appraisal assignments are typically estate and or gift appraisals and about 30%-40% of our entire…Read More
Trailer Values 2012
I often tweet truck and trailer stats. Partly because I am, after all, an equipment appraiser who enjoys inspecting and researching transportation fleet equipment, and partly because truck and trailer sales could be seen as economic indicators. Last time I wrote about trailers, the used market was strong. That doesn’t appear to have changed, especially…Read More
Appraising Agricultural Equipment in Salinas
Salinas, CA – Ag equipment appraisals in Salinas are always a good time. First, there’s that good looking equipment! From top-of-the-line standards to well-maintained, customized classics, the sprayers, spreaders, planters & seeders, harvesters, tractors and other equipment tends to be some of the best in the state. Assets like that are a real treat for…Read More
Clean Diesel Funding Assistance Program
Heads up to those of you with diesel powered fleets — EPA’s National Clean Diesel Funding Assistance Program’s latest grant application process will close out on June 14. This funding opportunity is only available to specified applicants, but if your organization operates any of the qualified items and falls into one of the eligible entity…Read More
The Myth of Auction Value in Appraisals
Lately, we’ve gotten a couple of calls asking for equipment appraisals at “auction value.” That’s a tough one! Auction value, you see, isn’t an appraisal value at all. USPAP requires compliant appraisals to define the value being used and to cite the authoritative source of the definition and I’ve yet to see any respected authoritative source—whether…Read More
Considering Absorption in Valuations
The concept of absorption is used relatively often in real estate appraisal and the same concept, known as “blockage,” is a well-documented in the art valuation world, particularly in tax-related appraisals. The term “blockage” — used by the IRS — derives from issues related to selling a large block of stock and seeing the related…Read More
USPAP 2012-2013
UPDATE, March 8, 2012: We got a call this morning from the fine folks at the Appraisal Foundation asking us to remove the link to the free Gold app USPAP publication originally included in this blog, so you will not be able to click through to that. The flip book link was allowed to stay….Read More
Congratulations to Bob Podwalny FASA, Lifetime Member of the ASA
As a machinery and equipment appraiser, I’m especially proud that the American Society of Appraisers board of governors has approved Robert Podwalny for Life Membership in the ASA. I was part of the nominating committee from the ASA NorCal Chapter and we were pleased to be able to make this announcement at last month’s meeting….Read More
Equipment Appraisals for Insurance Claims
Equipment appraisals for insurance claims come in two categories: the equipment owner may need an equipment appraisal to engage with the insurance company, or an insurance company may request an equipment appraisal for fulfilling a filed claim. In both of these cases, standard operating procedure is to call the equipment appraiser after the damage has…Read More
Scope of Work for Appraisals
As an equipment appraiser, I can verify that defining the scope of work is a critical first step in any appraisal process. Even before quoting a price on an equipment appraisal, we need to closely define our scope of work. Scope of work is defined by our friends at USPAP (Uniform Standards of Professional Appraisal Practice) as…Read More
Robin Erdmann ASA, RP
I regret to announce that Robin Erdmann, ASA in RP and our former ASA NorCal Chapter President (2008-2009), passed away unexpectedly on Thursday, December 22, 2011, after a very short illness. He had just turned 60 a few days before. Robin is credited with the resurgence of our ASA NorCal Chapter; we remain very grateful…Read More
Appraisals along the Central Coast
What was this equipment appraiser thankful for in November? I got to spend most of Thanksgiving week working in & enjoying California’s Central Coast, focused on an inspection of a manufacturing concern for tax estate purposes in the Salinas Valley area and one very long day of ASA meetings in Costa Mesa. The non-work related part?…Read More
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