When you’re looking for machinery and equipment appraisals, you don’t want to just rely on book value. Such values are based on accounting rules and do not have any relation to what is going on in the open market. They also fail to take into account the introduction of new and better equipment to the industry, which is certainly going to affect what you’re selling. And if you’re getting equipment appraisals for legal purposes, it certainly won’t hold up in court.
That’s why you need certified appraiser such as Capital Machinery and Equipment Appraisals (CMEA) on your side. What makes us different from other companies that offer equipment and machinery appraisals? Let’s take a look at what makes us the best choice.
CMEA Has Experience
The professional appraisers at Capital Machinery and Equipment Appraisers have years of experience in the industry, providing expert used equipment appraisal reports across a wide range of industries. Even the most unique pieces of equipment can be properly appraised thanks to our research skills and network of professionals around the globe.
You might wonder what gives the professionals at CMEA the ability to take a look at a piece of equipment and know exactly what it’s worth. It’s actually much more involved than that. CMEA appraisers might have some general idea of the equipment’s worth just by sight, but more detailed information must first be gleaned, including the condition and hour-usage. This is followed up by extensive research that allows us to create a detailed report of the used machinery’s value.
CMEA Is Certified
It’s not just our experience that puts CMEA at the top of the appraisers pile. We’re also certified to provide used machinery appraised values, and our code of ethics details why you can trust us when you’re looking for the best in machinery and equipment appraisals.
CMEA is certified by the NEBB Institute, the standard in machinery and equipment appraisals. It is this certification that allows us to have the title of Certified Machinery & Equipment Appraiser. That means each of our appraisals is Uniform Standards of Professional Appraisal Practice (USPAP) compliant. This is a government-mandated practice that ensures the adherence to the Certified Machinery & Equipment Appraisers’ code.
In short, CMEA remains objective because we are an advocate of the appraisal and are not swayed by the opinions of the owners of the equipment. Our appraisals must stand up to the scrutiny of buyers and sellers, as well as lenders, tax authorities, courts, and attorneys. To do anything else would risk our reputation as a business and certification as Certified Machinery & Equipment Appraisers.
CMEA is Connected
As we mentioned above, CMEA has an extensive network of experts that we can bring in for the most unique jobs. Most machinery and equipment appraisals can be handled with no problem, but there are those rare pieces of equipment out there that will require additional extensive research. If you want access to a worldwide network of professionals, CMEA is your way in.
If your goal is to sell the appraised equipment, CMEA can also help you by being your broker. Once you have the proper equipment appraisal in hand, you still need to move it along. With the fair market value established, you can move your equipment much more quickly thanks to our global network or connections.
CMEA Works Across Industries
When you work with CMEA, you don’t have to worry about whether or not we can appraise the equipment you have. We work across multiple industries, because being too specialized can be limiting.
How does this help? A typical warehouse offers a good illustration, because it contains a variety of different types of equipment that need to be appraised during a plant valuation. There might be industrial conveyor systems that need appraising, but the forklifts, industrial size ovens and refrigerators also have to be appraised. All of these are dissimilar pieces of equipment, but CMEA appraisers can tackle it all at the same time. An appraiser who is too specialized might have to call in additional help, but not CMEA.
There are literally hundreds of industries that we provide our equipment and machinery appraisal services for. Heavy equipment and construction equipment appraisal are some of the most common types of valuations we perform, due to the high-value and frequent sales of such equipment. Farm equipment appraisal is another, as it’s either being sold or needs an appraisal for wills and trusts. We also handle a great deal of medical equipment appraisals, as well as establishing restaurant equipment values.
Is there anything that CMEA doesn’t appraise? Because we are machinery and equipment appraisers, there are some appraisals that we leave to other experts and can put you in touch with them if you’d like. Examples of items we don’t appraise are real estate, art, gems, jewelry, or antiques.
CMEA Knows What To Look For
There are so many reasons that businesses need accurate appraisals of their equipment. The most obvious reason is that they’re about to sell said equipment, whether it’s as an individual piece or as part of the sale of the entire company. Other times it’s because of a legal matter, such as a company changing hands during a divorce or as part of a will or trust. Changes in company status, such as during a C Corp to S Corp conversion, also requires thorough appraisals of the company’s tangible asset values. Here’s a non-exhaustive list of the many reasons business owners might need appraisals.
CMEA recognizes the many reasons that you might need appraisals and can adjust our services accordingly.
CMEA Is Flexible
We realize some clients have financial constraints, which is why we offer both desktop appraisals and on-site summary appraisal reports. With desktop appraisals, our appraisers and will write your report based on information you supply us about the items in question. With summary appraisal reports, we travel to the site and collect the information in person. CMEA travels worldwide for first hand data collection; no country is too far and no location is too isolated.
Trust in CMEA!
The are many ways to determine the value of your equipment. You could take a wild guess or use book values, but that could end up costing you a lot of money. Not only that, but values that aren’t certified won’t hold up to scrutiny in a court of law or with a tax authority.
What you need is a certified equipment appraiser, one who can put in writing exactly what the fair market value is for particular equipment, whether it’s heavy machinery or delicate medical equipment. CMEA has the experience you’re looking for and can provide you with top-tier desktop appraisals or summary appraisal reports. Contact us today to get the process started!