Appraisal & Valuation Process

Why do you need an appraisal?

To determine collateral value? Insurance protection? Buy/Sell agreement? Estate planning? Have assets to sell?

Appraisals are needed because your situation requires accurate information necessary to make informed judgments.

What is an appraisal or valuation?

An appraisal is the process of developing an opinion of value for assets at a specific point in time.

Clients seeking appraisal services are therefore paying for an opinion of value. Are all options or the appraisers that provide them the same?

If you engage three different appraisers, you will most likely have three different opinions of value. Which one is correct? Which one is truest? Which one really reflects today’s reality? Which one can you rely on?

Who is most qualified?

Who is most qualified to express an opinion of value – an appraiser with ten years of experience, multiple certifications, multiple disciplines, and an MBA degree, or an appraiser, who makes a living risking his own capital buying and selling those same assets on a daily basis? Does the trader have an advantage because he deals with the actual buyer or user of the asset? The user defines what an asset is really worth by what a buyer will pay for it.

Premier offers you both in one.

Premier’s managing director has been buying and selling equipment for over twenty-five years and has personally sold over fifty million dollars of machinery and equipment. He holds the highest certification from the Association of Machinery and Equipment Appraisers and is USPAP (Uniform Standards of Professional Appraisal Practice) compliant. He also holds a Bachelor of Arts degree from the Economics Department of Brown University, Providence, Rhode Island.

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