Highland Machinery & Crane

Appraisals

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Whether you are looking for someone to appraise a single piece of equipment or an entire plant of a variety of machines, or you are a financial institution in need of an appraisal prior to granting financing, the members of Highland Machinery & Crane will answer the call and provide you with quality, accurate, reliable and ethical appraisal reports.

As a CEA (Certified Equipment Appraiser) member of the AMEA (Association of Equipment and Machinery Appraisers), and with USPAP certification, Highland Machinery & Crane retains the highest level of accreditation offered by the association. This means that we are fully trained to provide your company with a professional appraisal, and have years of experience to back up our education.


Appraisal Reports

When your company requests an appraisal, you will be supplied with a complete and thorough report including all of the following (plus many items not listed here):

  • A complete list of the location(s) of the machinery and the individual who has requested the assignment.
  • A statement regarding the purpose of the report along with indications of the Intended Use and the Intended User of the report.
  • A disclosure to the client of the appraiser’s degree of expertise and experience.
  • A statement of the objectives and methodology of the appraisal including a statement in the report indicating a clear definition of the selected evaluation approach and a justification of his or her opinion of value.
  • A statement that fees for the appraisal are not contingent upon values reported, and indicating the appraiser and/or any officer of his company’s present or future interest in the machinery and equipment.
  • A clear description of each asset appraised, listing all significant value characteristics (i.e. size, capacity, accessories, etc).
  • A value of each item or group of items appraised and a total dollar value of all assets appraised.
  • A signed and sealed certification page.
  • A signed and sealed certificate of value page.

Types of Values

Several different types of values exist for determining the worth of your equipment. The types and definitions of these values are:

Market Value (Fair Market Value)
A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of this appraisal report.

Market Value - In Place
A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts, as installed for intended utilization, as of the effective date of this appraisal report.

Forced Liquidation Value (Auction)
A professional opinion of the estimated most probable price expressed in terms of currency which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Conclusions taken into consideration are physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis ‘as is’ with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the price indicated.

Orderly Liquidation Value
A professional opinion of the estimated most probable price expressed in terms of currency which the subject equipment could typically realize at a privately negotiated sale, properly advertised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis ‘as is’ with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the value indicated.

New Replacement Cost Value
A professional opinion of the cost expressed in terms of currency, F.O.B. the manufacturer’s plant, to purchase a new item of like quality and specifications. If such an item is unavailable, the appraiser has used his or her best judgment in estimating a value as of the effective date of the appraisal.

Desktop Opinion
A professional opinion of the appropriately defined value, expressed in terms of currency to be realized by the sale of assets, in which the opinion is generated from lists and/or other informational materials supplied to the appraiser and evaluated without the benefit of an actual on site inspection. This opinion is not recommended for use in credit decisions. A desktop opinion should be used to determine the need for an appraisal or the scope of an appraisal.


Ordering an Appraisal

Highland Machinery & Crane performs appraisals on all sizes, types, and quantities of machinery. Please call at any time to discuss your needs, and to determine the requirements of your company’s appraisal report.

Highland Machinery & Crane
1170 Cornerstone Place
Benton Harbor MI 49022

Ph: (269) 926-9600
Fax: (269) 926-9601
E: sales@highlandmachinery.com


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