What To Expect From An Equipment Appraisal?



If you are a business owner, you might have heard this question at some point in your life – What is the worth of your machinery or equipment? This is the place where equipment appraisals come in. Let’s find out what to expect from an equipment appraisal. 

 




When is the time to hire equipment appraisal services?

There are millions of reasons that explain why to get the services of industrial equipment appraisals. And the most common of them are – valuations, bankruptcy, insurance, buying or selling agreements, or partnership dissolutions. Professional services hold the training and expertise to make you understand and reflect the true value of the machinery equipment. 

 

How long does the process of appraisal take?

The time depends on multiple factors. Initially, the professional appraisal services will determine how much equipment you need to get appraised. For instance – a large factory having a gazillion machinery pieces will take much time in comparison to a small restaurant with a few pieces. The other factors include - when you need the appraisal and how many levels of values you have requested. The type of equipment also affects the time. It means whether the equipment is easily found or is rare. 

 

Expectations during the process

The professionals will ask you to give some information about the equipment like its serial number, model, condition, etc. They will also ask about whether the equipment is properly maintained or not. Do not forget to tell them the special features or maintenance records of the equipment, if any. After noting down these things, the appraiser will prepare the report. 

 

Bluechip Asset Management is an appraisal company which is specialized in equipment finance, IT, Energy, Chemicals, and a wide variety of industries. We follow the methods of field inspection and USPAP to provide you with the best appraisal services. Let our company provide you value worldwide. Get in touch with us for more information. 

 


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