When clients call our office asking for an equipment appraisal review, I’ve found it’s important to ask them the purpose of the appraisal review. That quickly opens up the discussion about what an equipment appraisal review is and is not. And believe me, not everyone understands the difference between an appraisal (a quantitative analysis) and…Read More
Grocery Equipment Valuations
Next time you walk into a grocery store, take a moment to appreciate all the equipment on the sales floor –– from the cantilevered gondola shelves to the automated checkout stands, the food bar, water dispensing machine, and of course, all the refrigerated display cases: enclosed freezers, reach-in refrigerated cases, the open topped freezer boxes…Read More
The Use of Photos in Appraising Equipment
Taking useful photos is an important part of the equipment appraisal process. Taking interesting photos is a bonus. You’ve probably visited our flickr or Pinterest sites, where some of our photos are highlighted. We also use some photos to illustrate our blogs. A few weeks ago, we received a flattering email from a Canadian educational…Read More
5 Rules for Choosing a Qualified Equipment Appraiser
In a previous equipment appraisal post, we discussed the fact that machinery and equipment appraisers are not issued California appraiser licenses and certification pursuant to Assembly Bill 527. The regulations of that bill, which were established by what is currently the Bureau of Real Estate Appraisers, are only applicable to real estate appraisers. Machinery and equipment…Read More
Our 100th Post!
On the last day of June, NorCal Valuation Inc.’s equipment appraisal blog totaled 100 posts! That’s a lot of information about machinery and equipment valuation. Coming up soon will be post 102, as we continue discussing The Myth of the Certified Equipment Appraiser. In the meantime, I hope you’ll find plenty to read in our first…Read More
Accredited Appraisers vs. Certified Appraisers
Every now and then a client asks about our California appraiser license and certification pursuant to Assembly Bill 527. The regulations of Assembly Bill 527, we explain, were established by OREA (Office of Real Estate Appraisers now called the Bureau of Real Estate Appraisers) and so are only applicable to real estate appraisers. Machinery and…Read More
Use a Shared Expert for Appraising Equipment During a Divorce
A recent equipment appraisal asignment emphasized again the importance of using one shared appraiser for both parties in a marital dissolution – also known as a divorce. Just last week, a scheduled inspection for a manufacturing equipment appraisal had to be cancelled until further notice. A party in the divorce proceedings had taken a good look…Read More
Appraising Plastics Industry Equipment
Plastics, as a manufacturing industry with its own specialized equipment that needed to be appraised, started to take hold shortly after World War II. It wasn’t until the late ‘70s and early ‘80s, however, that “modern” plastics really started to come into their own. Nowadays, of course, we’d be hard-pressed imagine a life without plastics;…Read More
USPAP: Not just for Litigation Appraisals
Litigation support, from an equipment appraiser’s point of view, often seems like a long discussion about what constitutes an adequate appraisal report –– and that inevitably includes explaining what USPAP is and why it’s important. Of course, the benefits of a USPAP report aren’t limited to litigation purposes: professional appraisal standards benefit everyone in every situation for…Read More
Valuing Ag Equipment in California
Had a chat this morning with a fellow from a governmental lending agency who wanted to know if I’d like to be their go-to equipment appraiser for agricultural equipment in California — from the Mexican border up to the edge of Oregon. Would I? Yessir, I believe I would. Thanks for asking! I’ve written before…Read More
What Determines the Cost of an Appraisal?
When folks call us for an equipment appraisal, the first thing they usually ask is how much an appraisal will cost. Many of them are surprised to hear that we need a lot more information about their equipment and their situation before we can provide a quote or bid for the job. Why does your…Read More
What’s so Fair about Fair Market Value?
When you think about “Fair Market Value” in equipment appraisal reports, what do you think the “fair” part means? We had this discussion not long ago at an appraisal report writing class regarding the new USPAP regulations and the consensus was that the “fair” part of “fair market value” is redundant. Market Value, by definition,…Read More
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