All of our appraisers are senior accredited members of the American Society of Appraisers (ASA). All of our reports are prepared in conformity with the Uniform Standards of Professional Appraisal Practice and the ASA Code of Ethics.
Andy Comly has served as President of the Philadelphia Chapter of ASA. Steve Comly has served as the President of the Certified Auctioneer's Institute and is currently the Vice-President of the Industrial Auctioneers Association. Each of these appraisers have over 25 years experience valuing machinery and equipment on a national and international basis for their clients. Their team of appraisers are trusted providers of reliable and accurate valuations worldwide. Click Here to see Areas of Expertise...
ASA Appraisers provide their clients with the needed credentials to complement any court expert witness testimony. Our appraisers provide our clients with quotes on all fees prior to performing services and can assure the client completion of the appraisal within the agreed upon time frame.
Liquidated Sale Value is the estimated gross amount expressed in terms of money which could typically be realized from a well advertised, properly conducted public auction held under forced sale conditions and under present day economic trends. Conclusions consider: physical location, difficulty of removal, adaptability, specialization, marketability, physical condition, overall appearance, and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to ensure competitive bidding is considered. All assets are sold on a piecemeal basis "as is-where is" with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total package could change the psychological and/or monetary appeal necessary to gain the price indicated.
Liquidated Sale Value in Place is the estimated gross amount expressed in terms of money, which 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.
Net Auction Sale Value is the approximate net proceeds that could be realized at a properly advertised and conducted public auction sale of the items appraised, under forced conditions, within a time period of three months. The items would be disposed of individually or through appropriate lots, under which scenario the purchaser(s) are buying as-is, where-is, for cash or cash equivalent, and are responsible for removal of the items purchased. The Net Auction Sale Value takes into consideration current economic trends, condition, locations, difficulty of removal, and marketability. The value expressed represents approximate net proceeds and takes into consideration the expenses associated with conducting the sale.
Orderly Liquidated Value is the estimated gross amount expressed in terms of money which could typically be 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. For the purpose of this appraisal six (6) months is considered a reasonable period of time. Terms of Sale are "as is-where is" with the buyer assuming all cost of removal. All sales are made free and clear of liens and encumbrances.
Orderly Liquidated Value in Place is the estimated gross amount expressed in terms of money, which is projected to be obtainable from a sale given a reasonable period of time to find a purchaser(s) and assuming that the entire facility would be sold intact. For the purpose of this appraisal six (6) months is considered a reasonable period of time. Terms of Sale are "as is-where is". All sales are made free and clear of liens and encumbrances.
Net Orderly Liquidated Value is the approximate net proceeds that could be expected from a properly advertised and conducted orderly liquidation sale of the items appraised, within a time period of five months. It is based on the premise that the facility is not in operation and there is not a willing seller. The items would be disposed of individually or through appropriate lots, under which scenario the purchaser(s) are buying as-is, where-is, for cash or cash equivalent, and are responsible for removal of the items purchased. The Net Orderly Liquidation Value takes into consideration current economic trends, condition, location, difficulty of removal, and marketability. The value expressed represents approximate net proceeds and takes into consideration the expenses with conducting the sale.
Fair Market Value is the amount expressed in terms of money, as of a certain date, 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 certain date. The above assumes that the buyer and the seller are well informed or well advised, motivated by reactions of typical users, free from undue stimulus, financially capable of ownership and/or use, and allowed a reasonable period of time in which to test the market.
Fair Market Value In Place is the estimated amount expressed in terms of money that may reasonably be expected to 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 certain date including installation and the contribution of the item to the operating facility. This value presupposes the continued utilization of the item in connection with all other installed items.
Desktop Evaluation is typically made to estimate the potential value of property under a specified concept. A desktop evaluation is not an appraisal. It is an expert’s opinion of value based on limited information and assumptions (or information provided by the client) and a limited evaluation of market conditions. The desktop evaluation should be used as a guide to the value that might be expected from a formal appraisal.
Walk Through Evaluation is typically made as a guide to potential values under a particular defined concept. It is not an appraisal but is an expert’s opinion as to a value that an appraisal might fall, if performed by a professional appraisal company familiar with the concept being applied. In most cases, the value given is reasonable and typically can encompass the values later performed under a proper appraisal study.
Contact Andy or Steve Comly,
800-883-2665
to schedule an ASA Certified appraisal
or email us.
