First things first...Both our real estate and equipment appraisals are driven by the guidelines set forth by the Uniform Standards of Professional Appraisal Practice (USPAP). In addition, we have numerous State Licenses for real estate that ensures our clients we uphold and are compliant with specific State requirements, licensing, and testing. In addition, under USPAP, we are required to participate in continuing education to maintain adherence to the ever changing laws both for lending as well as for reporting of an appraisal. Equipment appraisal is not a state or federal licensed profession; however, comprehensive training, experience, knowledge, and reporting makes the difference between a "Certified" and "Uncertified" Machinery & Equipment Appraiser.
What's Your Machinery & Equipment Worth?
You won't know until you call upon the most sought after professionals at Norval Appraisals!
Who Needs A CERTIFIED Machinery & Equipment Appraisal That Holds Up To Scrutiny?
Lenders: Bankers, Leasing Companies, Credit Unions ALL need a Certified Equipment by a Certified Appraiser in support of loan and lease decisions to substantiate and collaterlize a loan! Especially, a Certified Appraisal is required to meet the elements of the Small Business Administration's new SOP's! BEWARE: Don't be fooled into thinking an equipment value by an Auctioneer or Dealer will suffice to meet the elements to collateralize a loan. These types of values are not consistent with USPAP nor are they defensible, substantiated, and will NOT hold up to scrutiny!
CPAs: The IRS and the Pension Protection Act REQUIRES a "Certified Appraisal by a Certified Appraiser". Don't forget, a Certified Appraisal is also needed when helping clients convert from a C to S Corporation, Estate and Gift Planning, Trusts, Sarbanes-Oxley, and FASB!
Attorneys: Divorce, bankruptcy, litigation, corporate, estate planning, and real estate proceedings ALL require a "Certified Appraisal by a Certified Appraiser". Why? Because a Certified Machinery & Equipment Appraiser upholds the standards of USPAP.