DEFINITIONS

Fair Market Value (FMV)
This is the most widely recognized and accepted standard of value for asset transfer in business acquisition and sales. The ASA definition of FMV is "the amount at which the property would change hands between a willing seller and a willing buyer when neither is acting under compulsion and when both have reasonable knowledge of the relevant facts." The concept of FMV relates to the value at which a transfer of assets should be anticipated to occur under conditions existing at the time and date of a business valuation. The estimated time for a FMV transaction is up to 6-12 months. This value is not discounted for assembling, cleaning, security, advertising, transporting, storing or any related disposal costs if applicable.

 

Orderly Liquidation Value (OLV)
is the "estimated gross amount expressed in terms of money that the equipment will typically realize at a privately negotiated sale, properly advertised and professionally managed by an experienced seller of property of the kind and type being sold. " Liquidation sale is estimated to take place over a 3-9 month period. All Equipment to be sold piecemeal, "as is where is" with the purchaser being responsible for removal of the assets at purchaser's own risk and expense.

 

Forced Liquidation Value (FLV)
Is "the estimated gross amount expressed in terms of money that the Equipment will typically realize at a properly conducted public auction when the seller is compelled to sell as of a specific date within a 60 to 90 day period. " All equipment to be sold piecemeal, "as is where is" with the purchaser being responsible for removal of the assets at purchaser's own risk and expense.

Appraisal Services

  • Desktop Opinions
  • On Site Physical Inspection & Appraisal
  • Inventory Valuation
  • Insurance Premium/Loss
  • Lease Review & EOL
  • Charitable Donations
  • Estate Planning
  • Ad Valoreum (Property Tax)
  • Ownership Transfer Inspections

Certified

RBB-NEBBI

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Standards

We adhere to the highest standard of excellence and ethics in the machinery and equipment appraisal industry set by the National Equipment and Business Builders Institute and comply with the regulations and ethics of the Uniform Standards of Professional Appraisal.

 

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