JR's Certified Appraisals:
TYPES OF APPRAISALS
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Fair Market Value: The price at which property would change hands between a willing buyer and a willing seller; neither being under the compulsion to buy or a compulsion to sell, and both having reasonable knowledge of relevant facts. Some factors involved in Fair Market Value of assets involve the supply and demand, condition, age, availability, restorative and/or mechanical improvements, and previous comparable sales.
Liquidation Value: The price at which the property would change hands when there is a financial situation or other circumstance existing at the time of sale so as to require a sacrifice, e.g. demand from a financial institution to liquidate, bankruptcy, instant need for cash flow, overstocked, low demand recession.
Going Concern Value: The value obtainable for the assets through private negotiators between a willing buyer and a willing seller on a total entity basis in order to continue operations in place over an acceptable period of time. Some factors involved in Going Concern Value are: all assets relative to the business including stock supplies, condition and age of assets, cash flow. This is based on previous financial records, a solid plan for a willing buyer to re-capture his initial investment. Leasehold improvements are included in this type of appraisal.
Market Value In Place: A professional opinion of the estimated value to be realized for the property; as installed for intended use in an exchange between a willing buyer and willing seller; neither being under the compulsion to buy or the compulsion to sell, with both parties aware of the relevant facts as of the effective date of the appraisal. Note: MVIP does not normally take into consideration leasehold improvements, unless they are specifically related to a function of a particular piece of equipment. ENHANCED VALUE - Sometimes used as a factor and is dependent upon the function, economic conditions, population proximity and geographical location.
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JR's Certified Appraisals provides equipment appraisals throughout Canada.
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