Rubber City Machinery Appraisal Services
October 28th, 2009 by admin
http://www.rcmc.com/appraisal/
Rubber City Machinery Corp can now provide complete certified appraisals from a single machine, or department, to an entire plant.
Our President, George B. Sobieraj, has received Certified Senior Appraiser (CSA) status from the Equipment Appraisers Association of North America, an organization of which he is a member.
He can give certified appraisals in accordance with the Uniform Standards of Professional Appraisal Practice. (USPAP) His major expertise is in Polymer Processing Machinery, as well as metal forming and machine tools.
Most lending, leasing and insurance companies will only accept appraisals from a qualified, certified appraiser who follows the rigid standards of the appraisal standards board and USPAP.
Feel free to give him a call if a certified appraisal is required by your lender or insurance company.
DEFINITION OF VALUES
MARKET VALUE (FAIR MARKET VALUE)
A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of this appraisal report.
MARKET VALUE – IN PLACE
A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts, as installed for intended utilization, as of the effective date of this appraisal report.
FORCED LIQUIDATION VALUE (AUCTION)
A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Conclusions taken into consideration are physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis “as is” with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and or monetary appeal necessary to gain the price indicated.
ORDERLY LIQUIDATION VALUE
A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars which the subject equipment could typically realize at a privately negotiated sale, properly advertised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis “as is” with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the value indicated.
DESKTOP OPINION
A professional opinion of the appropriately defined value, expressed in terms of cash in U.S. dollars to be realized by the sale of equipment, in which the opinion is generated from lists and/or other informational materials supplied to the appraiser and evaluated without the benefit of an actual on site inspection. This opinion is not an appraisal and should not be used as an appraisal and is not recommended for use in credit decisions. A desktop opinion is used to determine the need for an appraisal or the scope of an appraisal.
Rubber City Machinery Corporation
One Thousand Sweitzer Ave.
P.O. Box 2043
Akron, Ohio 44309
Phone: 330.434.3500
Fax: 330.434.2244
http://www.rcmc.com
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