Tuesday, May 21, 2013

APPRAISING TANGIBLE PERSONAL PROPERTY - FROM CONSTRUCTION EQUIPMENT TO TELEPHONE SYSTEMS



APPRAISING TANGIBLE PERSONAL PROPERTY

FORT PIERCE, Florida - Evaluating exactly how much an asset is worth involves a lot of hard work. There are a limited number of comparables for used backhoes, dump trucks and excavators that can be obtained through both online and telephone research. A good personal property appraiser, however, has far more information than that at his disposal. By keeping abreast of private sales and monitoring heavy equipment auction results and adding to his database each time, an appraiser is able to prepare accurate appraisals for a bank loan, insurance claim, replacement cost policy, bankruptcy, charitable donation or purchase and sale of a business or it's equipment. Assets are part of a company's balance sheet that illustrate a vital component of it's worth. In the case of a construction firm, behind the scenes are other resources such as office furniture, inventory, telephone systems, real estate, accounts receivables and cash. All of these items contribute to the bottom line. A competent personal property appraiser maintains databases showing past sales of items from a multitude of categories. There are no typical business class telephone systems, for example. An assignment to appraise the value of a high-end system would be a difficult task without a reference library of comparable sales over a number of years.

There are also intangible assets such as goodwill which includes the company's reputation; client lists, web presence, patents and trademarks that all contribute to the value of an organization. Appraising businesses both large and small involves building a foundation of knowledge and adding to it periodically without fail. The benefits are numerous and they more than offset the number of hours invested. It is up to each individual whether or not to maintain one but any independent appraiser who performs small business evaluations will be able to prepare a more accurate, comprehensive and cost-effective report if he has a good reference library at his disposal.


The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net   
Web Site: http://stlucieappraisal.net/
 

Personal Property Appraisals nationwide including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington West Virginia and Wisconsin.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00 and up

Auto/Truck/RV Condition Reports $225.00 and Up

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00 and Up

All other services and additional time when necessary  $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.

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Keywords for this article: appraise, asset, goodwill, tangible personal property, Florida, assets, construction, business, equipment, dump truck, excavator, telephone system, loan, insurance, bankruptcy, charitable donation, small business, valuation,

Updated 06-20-2013