Appraisals

Appraisals provided by Tom Hennig Company are beneficial to owners, financial advisors as well as lending institutions. Producing a watertight non-biased evaluation of assets is our specialty.

We will take you through every step of the appraisal process. Tom Hennig Company has an excellent history of transparency and effective appraisal services.

 Why do I need an Appraisal?

• Import & Export of Used Equipment
• Securing or restructuring loans
• Lines of credit
• Estate planning
• Buying or selling assets
• Insurance claims and disputes
• Partnership or marriage dissolution

What Type of Appraisal Do I Need?

Chartered Engineer Valuations establish the used value of the imported equipment and, if it is to be loaned to a subcontractor for a project or sold to an end-user, provides a paper trail that follows the equipment through its useful life.

Reproduction Cost New is the cost of reproducing a new replica of a property on the basis of current prices with the same or closely similar materials with any inadequacies.

Replacement Cost New is the current cost of a similar new property having the nearest equivalent utility as the property being appraised.

Fair Market Value is the estimated amount expressed in terms of money that may reasonably be expected for property in exchange between a willing buyer and a willing seller with equity to both, neither acting under any compulsion to buy or sell and both fully aware of all relevant facts as of a specific date.

Fair Market Value in Continued Use is the estimated amount expressed in terms of money that may reasonably be expected for a property in exchange between a willing buyer and a willing seller with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts and including installation, as of a specific date, and assuming that the business earnings support the value reported. This report requires a financial statement.

Fair Market Value – Installed but not necessarily operating is the estimated amount of an installed property expressed in terms of money that may reasonably be expected in exchange between a willing buyer and a willing seller with equity to both, neither under any compulsion to buy or sell and both fully aware of all relevant facts.

Fair Market Value – Removal is the estimated amount expressed in terms of money that may reasonably be expected for property in exchange between a willing buyer and a willing seller with equity to both, neither under any compulsion to buy or sell and both fully aware of all relevant facts, as of a specific date, considering removal of the property to another location.

Liquidation Value In Place is the estimated gross amount expressed in terms of money witch is projected to be obtainable from a failed facility assuming that the entire facility would be sold intact within a limited time to complete the sale.

Orderly Liquidation Value is the estimated gross amount expressed in terms of money which could be typically realized from a sale, given a reasonable period of time to find a purchaser(s), with the seller being compelled to sell on an as is, where is basis.

Forced Liquidation Value is the estimated gross amount expressed in terms of money which could be typically realized from a properly advertised and conducted (“unreserved”) public sale with the seller being compelled to sell with a sense of immediacy on an as is, where is basis with no warranty implied or expressed, and the buyer(s) being responsible for removal costs.

Salvage Value is the amount expressed in terms of money that may be expected for the whole property or a component of the whole property that is retired from service for use elsewhere.

Scrap Value  is defined as the amount expressed in terms of money that could be realized for the property if it were sold for its material content, not for a productive use.

Insurance Replacement Cost  is the replacement cost new as defined in the insurance policy less the cost new of the items specifically excluded in the policy, if any.

Insurable Value Depreciated is the insurance replacement cost less occurred depreciation considered for insurance purposes.

Desktop Opinion is the valuation is arrived at without the appraiser viewing the assets. Equipment list(s) and other data is provided to the appraiser by others. This type of valuation should only be used for making decisions regarding the need for an in depth appraisal and should not be used for lending decisions.

Contact Us Today