Loading...
Appraisal Types 2017-12-07T16:16:07+00:00
Search Our Inventory

Understanding Our Appraisals


At Universal Metalworking Equipment, we believe in maintaining a higher standard concerning appraisals. Our Code of Ethics is that standard by which we operate:

The AMEA Code of Ethics

MEMBERS OF THE ASSOCIATION OF MACHINERY AND EQUIPMENT APPRAISERS (AMEA) ARE INDIVIDUAL MACHINERY AND EQUIPMENT APPRAISAL PROFESSIONALS WHO HAVE DEMONSTRATED THEIR PROFICIENCY THROUGH TESTING AND PEER REVIEW. AMEA ACCREDITS AND CERTIFIES ITS METALWORKING MACHINERY APPRAISERS THROUGH CONTINUING EDUCATION AND WRITTEN TESTS, AND DEVELOPS INDUSTRY STANDARDS.

Learn more about AMEA.

Below is a list of the kinds of appraisals UME provides. To learn more about each type, freely click the links to connect with us.

ORDERLY LIQUIDATION VALUE APPRAISAL An opinion of the expected gross dollar amount to be realized at an orderly negotiated sale, held within a reasonable time period as of the date of the appraisal.

FAIR MARKET VALUE APPRAISAL An opinion of the gross dollar amount to be realized between a willing buyer and a willing seller, in the open market, assuming neither party is under compulsion to buy or sell, and both are fully aware of all relevant facts as of the date of the appraisal.

IN-PLACE VALUE APPRAISAL An opinion of the Fair Market Value, which is the gross dollar amount to be realized between a willing buyer and a willing seller, in the open market, assuming neither party is under compulsion to buy or sell, both are fully aware of all relevant facts; and as installed for intended utilization as of the date of the appraisal.

NEW REPLACEMENT COST VALUE APPRAISAL An opinion of the amount it would cost, F.0.B. the new manufacturer’s plant, to purchase a new item of like quality and specifications in the open marketplace. When such an item is unavailable in the marketplace, the appraiser should use his or her best judgment in estimating a value as of the date of the appraisal.

AUCTION VALUE APPRAISAL An opinion of the expected gross dollar amount to be realized at a professionally conducted and promoted public auction sale as of the date of the appraisal.

DESKTOP OPINION A professional opinion of value based on materials or information supplied to the appraiser and evaluated without the benefit of viewing the assets. It is also a tool to determine the need for an appraisal or the scope of an appraisal. Desktop opinions should clearly be marked as a “professional opinion” and stated that is not an appraisal.

Our UME professional appraiser is competent, ethical, and dedicated to upholding the highest of standards. Michael Feinstein is involved in the marketplace daily, to actively buy, sell, and appraise various kinds of equipment and machinery. Connect with him for the best method of valuation for your appraisal needs.

appr pg icon 2a - Appraisal Types

For an Accredited Appraisal, contact Michael Feinstein today!

Call UME @713-675-4145