- Best match between your company and the equipment appraiser.
- The report will be in your hands 3x faster than other appraisal companies.
- The most advanced and up-to-date methodology or data collection and research for your equipment.
- Your results will be substantiated, irrefutable, and accepted by the requesting entity.
- We will help you through the process and make it simple – you can always feel free to ask your Appraiser if there is a better way to accomplish your goals and what type of appraisal fits your needs best.
- Your appraiser will be certified, familiar with your industry, and will be reviewed, if not directly performed, by one of our Master Appraisers.
- A local appraiser when appropriate (we have access to over 400 in the USA alone).
Call us and request our CV / Resume, a free E-book for a better understanding entitled, “Equipment Appraisal 101 – The Basics”, and free forms that will help you through the Data Collection process.
What else goes into the Equipment Appraisal?
It is best to have a Plan:
- Know who is going to be escorting the appraiser through the location. Make sure the person has all the knowledge about the equipment that the appraiser may need such as history, maintenance and costs.
- Have a copy of your asset list for yourself, in control and ready to go.
- Have a route picked out, try to have a flow to the walk-through that either matches your asset list or is the most time efficient. Don’t forget to schedule for a break – this is hard, mentally-challenging work for both you and your appraiser.
- If the machinery isn’t running (best due to safety) it’s perfectly fine if you choose to describe what you are using the machinery for. As a matter of fact, this helps the appraiser determine that’s its being used in its highest and best use.
- Speak Clearly and Loudly– You don’t want the appraiser getting the wrong information.
- Describe every piece you have: We actually make the escort do this – this eliminates mistakes by making sure the appraiser is fully aware of the options, history and sometimes even industry jargon.
- Make sure the appraiser has your contact information in case there are questions later.
- Do the Appraisal After or Before Work Hours – This helps in a few matters:
- First is safety – the machinery appraiser will be climbing in and around the machines to look for data.
- Second is no distraction – whoever is escorting the appraiser around the shop needs no distractions / phone calls / emergencies / etc. This allows for a better flow of information, and these problems can ultimately cost you time and frustrate your appraiser.
- Third is Employee Curiosity – Every employee wants to know what’s happening. Trust us, we have heard horror stories about the water cooler talk, “Are we going out of business? Should I update my resume? Are we selling? Is the owner leaving? Did the Owner die?” We have heard them all and have been asked them all during business hours.
- Fourth is Sound Level – If we can hear what you are saying, we can record the data better and therefore have a better basis for our research.
- Lastly, are Pictures – No Employees are having to move out of the picture. You save your company productivity and uninterrupted workflow.
Call us and ask any further questions. We have a Certified Appraiser waiting to take your call.