Appraisals Services
Montrose offers a full range of certified appraisal services all following USPAP standards. Valuations can be ordered as OPINION LETTERS, DESKTOPS, ONSITE, or RESIDUAL VALUE ANALYSIS.
We are frequenly called upon to appraise Machinery & Equipment by businesses considering sale or who need to properly adjust their inventory values for IRS purposes. Our CPAs can provide BUSINESS VALUATIONS when considering sale, purchase or merger of a business .
We can provide Fair Market Values,Ordely Liquidation Values, Forced Liquidation, or Fair Market Values Operating in Place. Each of the aforementioned approaches will be thoroughly discussed with our clients to assist in articulating the purpose for the appraisal.
We currently provide continual services to: Government Agencies (SBA,FDIC) , Banks, Leasing Companies, Insurance Companies,Portfolio Managers,Attorneys,CPA’s as well as Public and Private Corporations.
As we are global in our reach, our appraisals are not limited to domestic evaluations but include input based on market data from the entire world including the targeted markets of the Third World.
Over our long history we have regularly and frequently been enlisted by auctioneers and appraisal firms, as they are aware of our direct and extensive contact within all major commercial and industrial sectors through our international contacts.
Our staff truly understands the global areas of growth and demand and are fully aware of the specific nuances associated with determining values in each field.
Equipment Appraisal Terms
Below are some industry standard terms and definitions
Desktop Appraisals – A desktop appraisal is performed without the appraiser physically being present on the site of the assets for the appraisal.
Fair Market Value – Fair Market Value is the professional opinion of the most probable price of the market value of a property expressed in terms of currency.
Fair Market Value in Continued Use – Fair Market Value in Continued Use is the professional opinion of the most probable price of the market value for a property expressed in terms of currency.
Fair Market Value in Place – Fair Market Value In Place is the professional opinion of the most probable price of the market value of assets expressed in terms of currency.
Forced Liquidation Value – Forced Liquidation Value is a professionally estimated worth of the most probable price recognized by a forceful liquidation.
Orderly Liquidation Value – Orderly Liquidation Value is a professional opinion of the estimated price, expressed in currency, that an asset or company could quickly be sold for, should the company go out of business.
Orderly Liquidated Value in Place – Orderly Liquidated Value in Place is the professional opinion of the estimated gross amount of assets in place expressed in terms of currency that a knowledgeable buyer would be willing to pay a knowledgeable seller.
Replacement Cost New – Replacement Cost New is a professional opinion of the cost, expressed in terms of currency, in offering substitutes similar to the assets that had been inspected.
Replacement Cost Used – A professional opinion of the cost in terms of currency in providing substitutes similar to the assets inspected having comparable utility and exhibiting similar design and technology.
Sound Value – The installed replacement cost new of an asset, less physical, functional, and external factors of depreciation.
Valuation – Valuation is the method of appraising the prospective market value of a financial asset(s) for an auction.