Together with Industry specialists and certified appraisers
In any part of the country
According to the International Valuation Standards
Tangible Personal Property Valuation
Tangible personal property valuation encompasses a wide range of assets, from business machinery and equipment to personal belongings found in homes. Accurate valuation is crucial for various purposes such as taxation, insurance, litigation, and more. At our company , our certified Tangible personal property appraisers specialize in evaluate diverse item including equipment, household belongings, electronics, furniture, cars, machinery and more. Contact our team today for a complimentary consultation. We are eager to discuss your specific valuation requierements and provide you with a tailored solution that meets both your needs and budget.
Understanding the Property Appraisal Process
Once you decide to cooperate with us and select the service you need, please provide the technical passport or other identification data for the property to be appraised.
Let us know the purpose of the appraisal, and our specialists will assist you in selecting the appropriate type of appraised value. We will also schedule an on-site inspection, during which our team will take photographs and assess the property's physical and functional condition.
After the inspection, you will receive a detailed evaluation report. This report will cover the legal and physical characteristics of the property, relevant market information, details about the exploitation period, and an overview of the evaluation processes and methodologies used.
Car valuation
When evaluating cars, the primary method used is the market approach. This involves studying the local market of the vechile to be evaluated, comparing it to similar vehicles based on their physical and functional condition using evaluation elements.
The second most commonly used method is the cost method, which involves importing a similar vehicle and estimating its import cost before determining its physical, functional or economical depreciation and deducting it from the total cost.
Heavy equipment valuation
When appraising heavy equipment, our appraisers carefully inspect and study the operating condition of the equipment to determine the appropriate valuation methodology. If there is a significant presence of the similar equipment in the local market, we utilise the market approach for evaluation. in cases where importing from other countries is feasible, we employ the cost method to ascertain importation costs. Additionally, if renting out such equipment is common in the local market, we may consider using an income approach by capitalising on rental income. Ultimately , our valuation process involves at least two methods with their respective weights determining the final value.
Specialized equipment valuation
Our team of evaluators conducts meticulos inspections and assesses the physical and functional condition of the mentioned equipment. through in - depth analysis of its operational performance and market demand, we determine the most appropriate evaluation methodology based on the type of value being assessed.
For such equipment, our primary approach is the cost approach - acquiring similar equipment to calculate depreciation and deduct it from the total cost. However , if local market condition allow for alternative valuation approaches, we give due consideration to those methods as well.
Bases of value in the property valuation
There are a different purpose of property valuation: financial, insurance, investment, for litigation etc. All they may need different type of value. According to International Valuation standards there are mainly six: Market Value, Market Rent, Equitable Value, Investment Value, Synergistic Value, Liquidation Value and other basis of value
