APPRAISALS TAILORED FOR YOU

Tru-Forward can provide you with the expertise you need to ensure your assets are appraised accurately. We provide custom appraisal through extensive research and analysis to consistently meet our company’s high standard in providing you with the best service.

REASONS YOU MAY NEED AN APPRAISAL

WHEN YOU CONTACT US FOR AN APPRAISAL, YOU’LL GET:

  • Free Phone Consultation – We’ll help you determine if you need an appraisal and if so, what kind

  • Signed hard copy of the appraisal

  • Detailed list of all assets appraised

  • Identification numbers of all assets appraised, if available

  • Pictures of all assets appraised

  • Research providence of all assets appraised

  • Value of all assets appraised

What we’ll need from you:

A full inventory/equipment list to be appraised with*:

  • description
  • year
  • make
  • model
  • condition
  • purchase date
  • original purchase price
  • picture
  • past appraisal

*when and if applicable

What you can expect during your appraisal:

  • We’ll start with a phone consultation to ensure we understand your needs, that an appraisal is required, and that we are the right company for you.
  • If you decide to go ahead with us, welcome onboard! We’ll take good care of you and your assets.
  • We’ll start by reviewing all of the information you have provided us about your assets. The more information, the better!
  • Next comes the onsite inspection. We’ll take note of our own descriptions, acquire any identifications, and take pictures.
  • After the inspection, we do a whole lot of additional research – that includes researching values, cross-referencing with pictures and descriptions, looking up market trends and more.
  • Once we are confident that the appraisal information is optimal, we generate our appraisal report. Included in this report is the description, picture, identifiers, research providence, qualifications, definitions, market trends and value of each asset.
  • After our fee is paid, we send you the electronic copy of the appraisal report (and hard copy if requested). We’ll also send you a feedback sheet that you can fill out at your discretion. We always want to make sure we are improving and doing our best.

LET’S GET TECHNICAL

What is an appraisal?

An appraisal is a valuation of the market value of an asset. It is derived by an experienced practitioner who creates a report, stating the reasoning behind a specific valuation. Appraisals are routinely conducted for a variety of properties, such as businesses, real estate and antiques. (Source: AccountingTools)

The types of appraisals we do:

Fair Market Value (FMV):

  • We provide your with the estimated appraisal value of the Asset expressed in terms of a specific currency, that may reasonably be expected in an exchange between a willing buyer and a willing seller – this includes (1) equity to both; (2) neither being under any compulsion to buy or sell; (3) both fully aware of all relevant facts; and (4) as of a specific date.
  • This type of appraisal can be used for insurance, will, estate tangibles, financing, value authentication, personal, purchasing guide, accounting, corporate accounting, selling of assets marketing material, and similar purposes.
  • It is most appropriate for instances where there is no urgency to sell. 

Fair Market Replacement Value (FMRV):

  • We provide your with the current retail cost of the Asset (of a similar new Asset having the nearest equivalent utility as the Asset being appraised) expressed in terms of local currency.
  • This type of appraisal can be used for insurance, selling of assets marketing material, accounting, and similar purposes.
  • It is most appropriate for instances where there is no urgency to sell. 

Lease Hold Improvement Value (LHIV):

  • We provide you with the renovation values of the space or spaces your own expressed in terms of local currency.
  • This type of appraisal can be used for rendering the space more useful or appealing for prospective tenants, retaining tenants for the longest possible terms, new lease negotiation, and similar purposes.
  • It is most appropriate for instances where there is no urgency. 

Orderly Liquidation Value (OLV):

  • We provide you with the estimated value of the Asset expressed in terms of local currency that could typically be realized from a liquidation sale with: (1) a reasonable period of time to find a purchaser; (2) the seller being compelled to sell on an “as-is condition, where-is location” basis; and (3) as of a specific date.
  • This type of appraisal can be used for insurance, financial, accounting, exposure report, special loans, ABS, bankruptcygood purchasing guide, downsizing, and similar purposes.
  • It is most appropriate for instances where there is urgency to sell but with a reasonable amount of liquidation time

Forced Liquidation Value (FLV):

  • We provide you with the estimated value of the Asset expressed in terms of local currency that could typically be realized from a properly advertised and conducted public auction with: (1) the seller being compelled to sell with a sense of urgency on an “as-is condition, where-is location” basis; and (2) as of a specific date.
  • This type of appraisal can be used for financial, accounting, exposure report, special loans, ABS, bankruptcy, particularly good purchasing guide, and similar purposes.
  • It is most appropriate for instances where there is urgency to sell.

LET’S WORK TOGETHER

We look forward to working with you to tailor our services to your needs and give you the highest quality advice and service possible.

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