Reconciliation is the final process for the equipment appraiser when more than one approach to value is used in an equipment valuation. That process involves reconciling the values from the separate approaches and resolving, if necessary, any differences in order to arrive at a final opinion of value. The question here is: “Why in the world…Read More
Drought and its Impact on Valuing Agricultural Equipment
Several equipment appraisal report clients have recently asked me to include information on California’s on-going drought conditions and how current and continuing conditions might affect the value of the equipment appraised. It’s an interesting situation for an equipment appraiser to be in. As a rule, equipment appraisal reports state that the opinion of value provided…Read More
How to Get an Accurate Desktop Appraisal
Desktop appraisals, or limited scope appraisals, aren’t always cheaper or faster than the usual equipment appraisal, but — as discussed in a previous post about desktop appraisals — sometimes they’re a reasonable choice given the circumstances. And if you and your appraiser agree that a desktop appraisal meets your needs, you’ll be doing some of the…Read More
Must-Have Resource From the Appraisal Foundation
If you’ve ever had any questions about equipment appraisal, I’m happy to share with you a new, free downloadable brochure from the Appraisal Foundation, entitled Valuation of Machinery and Equipment. This full-color, 20-page booklet is packed full of must-have information; it lists reasons you might need an equipment appraisal, provides important definitions from the American Society…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
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
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
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
Simplify Legal Matters with Shared Experts
Sharing a machinery and equipment appraiser in a legal conflict is an effective way to reduce costs and discord. Shared experts is common in legal proceedings concerning issues like mergers and collateral lending and it’s useful for family law cases as well. Deciding to share an equipment appraiser benefits parties on both sides of a…Read More
How to Read an Appraisal Report
Some folks get their equipment appraisal reports and flip straight to the value amounts. And that’s fine — it’s the final opinion of value, after all, that’s needed for most equipment appraisal purposes — but that value amount doesn’t confirm whether or not you’ve gotten a useful and qualified report: a report that not only provides…Read More
Have Appraisals, Will Travel
Sometimes being an equipment appraiser means we have to take a road trip. And sometimes, a series of assignments means that the laptop and the smart phone transform the passenger seat of the company car into a mobile office for several days on end. Last month was very much like that, as we traveled from…Read More
CARB: After-market Diesel Filters & Duty Cycles
Emissions Retrofit Group recently hosted a great mini-seminar for the ASA NorCal Chapter summarizing some of the key aspects of the CARB DPI. I’ve been following CARB developments closely and thought I had the latest and greatest info, but the guys from ERG explained 2 important factors I’d been heretofore unaware of. In this post, I’m…Read More