In the main part of the appraisal process, your Brumbaugh Appraisals appraiser will assess the equipment in question, drawing on experience, expertise, methodology of appraisal and specific guidelines for determining values.
The end result for our clients is an accurate, substantiated, defensible and irrefutable certified appraisal.
When the evaluation is concluded, our clients receive a USPAP (Uniform Standards of Professional Appraisal Practice) compliant report. This document includes specific required information about the subject property that will withstand scrutiny of the IRS, lenders, courts, attorneys, CPAs and others, and is more than 50 pages long. Our documentation standards meet the highest possible requirements of our clients, including the FDIC.
Topics included in our Certified Machinery & Equipment Appraisal Report can include:
• Summary Of Facts
• Scope of Work
• Degree To Which The Property Is Inspected Or Identified
• Extent Of Research Into The Physical Or Economic Factors That Could Affect The Property
• Extent Of Data Research
• Type And Extent Of Analysis Applied In Arriving At Opinions Or Conclusions
• Depth Of Onsite Inspection
• Overall Condition Of Equipment
• Intended Use
• Economic Conditions
• Definitions Of Conditions
• Methods Of Evaluations
• Sources Contacted
• Market Conditions
• Final Value Summary And Reconciliation
• Appraiser’s Certifications And Qualifications
The report will also include a Certified Appraisal and be based on the type of analysis most appropriate for the subject property, such as Fair Market Value (FMV), Orderly Liquidation Value (OLV) or Forced Liquidation Value (FLV).