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February 1, 2012
by Melissa Gagnon
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Solid Dose Equipment for Sale

Forest City is a real estate company that specializes in renting lab spaces.  A few years ago, the company purchased a Pfizer plant in Illinois and converted the facility to multiple lab spaces.  In an effort to liquidate a number of surplus pieces of lightly used solid dose processing equipment, the pieces have now been listed for sale on the EquipNet Marketplace.  Although the equipment is just over 10 years old, it is in pristine condition; some pieces having as little as six hours of run time!

Showcase pieces include:

  • IMA Precisa 120 Automatic Capsule Checkweigher Listing #315293
       
    Want to see more?  Check out the project video!

For a complete list of Forest City items, please visit the company’s MarketPlace site.  To schedule an inspection or to get more information about this project, please contact an EquipNet Sales Representative today at (781) 821-3482 or via email at Sales@EquipNet.com. If you are interested in these items, you should hurry!  This is beautiful equipment and it’s going fast!


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January 26, 2012
by Julie Baker
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President Obama’s Refinance Plan

President Obama delivered his state of the union address this week. During his speech, he announced his intention to send a plan to Congress that will allow all homeowners who are current on their mortgages to refinance. The Wall Street Journal today published “Six Questions on Obama’s Mortgage Refinance Proposal” to further explain his plans.

There’s been a plan in place for years that allows homeowners with Freddie and Fannie backed mortgages to refinance. The difference with Obama’s new plan is that it will extend to other homeowners as well. It hasn’t been made clear what loans will be eligible, but it is known that Congress will have to pass legislation to put this plan into place. Given that, some experts aren’t optimistic that this plan will come to fruition.

It is likely that the plan will use the shauna sand smoking a cigaretteexperts/2009/03/upcoming-hvcc-changes/”>Federal Housing Administration to allow any homeowner to refinance even if they’re underwater on their home or their income has fallen since their last time refinancing.

This plan is not an automatic refinancing, as many experts have called for. Homeowners who want to refinance through this plan will have to pay upfront fees and fill out all of the necessary paperwork before the refinancing can go through.

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

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January 26, 2012
by Jonathan Dickerson
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Crating and Shipping Valuable Equipment

A pharmaceutical company based in Germany needed to protect a $50,000 piece of equipment while shipping it overseas. The company relied on the expertise and efforts of EquipNet’s operations and logistics personnel and the valuable piece of equipment  made it there, safe and sound.

Here’s the story.  The customer finalized the purchase of an unused Glatt GC1500 tablet coater in late December 2011. To continue its work as a leading developer and manufacturer of medicines for respiratory, cardiovascular and digestive diseases, the company needed to ship the tablet coater from the seller in the US to its facility overseas.

Just days after contacting the EquipNet Logistics and Operations Team, the company received a highly competitive quote that took advantage of our relationship with a reputable international shipping vendor. With the numbers agreed upon, two EquipNet packaging professionals were assigned to the project for two full workdays to construct a custom crate large enough and strong enough to protect this Glatt GC1500, which stood 12 feet high, 15 feet wide, and weighed in at a whopping 5 tons.

To get an idea of the process,  see the photo-timeline below!


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January 24, 2012
by Julie Baker
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Don’t Shoot the Messenger: Appraisers Not at Fault for Low Appraisals

The text below is taken from a one-page handout from the Appraisal Institute responding to the claim that so-called “low” appraisals are allegedly “killing” home sales.

Many in the real estate industry have tried to blame the market’s distressed condition on appraisers, saying that appraisers are at fault for producing opinions of value that don’t match a home’s listing or contract price, delaying a recovery in the housing market. In fact, appraisers are undertaking the same thorough research and thoughtful analysis that they always have in order to continue producing reliable, credible opinions of value.

Appraisals aren’t intended to confirm a home’s sales price.

Appraisals completed for mortgage transactions are used to assist lenders in making lending decisions. Buyers and sellers often have emotional value attached to a home or are unaware of the market. They shouldn’t assume an appraisal is somehow “wrong” if it doesn’t match the listing or contract price. There’s no reason to assume the contract price is the “correct” price simply because it’s higher than the appraisal.

Appraisers don’t set the real estate market; they reflect

what’s happening in the market.

Think of the appraiser as a mirror, reflecting the market – and the market is depressed as home prices have fallen far below values of a few years ago. Reliable, credible opinions of value help stabilize real estate loans and investments, promoting socially desirable real estate development.

For the full copy of the handout, click here.

Present Value LLC is a worldwide international appraisal and advisory company that provides a range of professional services such as Certified Machinery and Equipment Appraisals, Inventory Appraisals, Asset Verification Services, Business Valuations, and Real Estate Appraisals. Contact us today!

By: Present Value

Additional Reading

Fighting the Low-Ball Appraisal

High-Value Home Appraisals: 10 Tips

Improve the Value of Your Home

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January 24, 2012
by Melissa Gagnon
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Choosing the Right Auction for Your Project

Selling surplus assets or closing a facility can be a confusing experience. EquipNet has created tailored auction services to help assist clients with their varying selling needs.  Whether you have tight time constraints, specialized markets, or something else, one of the below auction services can work for you! 

Sealed Bid Offering:

  • What is it? A sealed bid offering is a method of sale whereby confidential bids are submitted to be opened at a predetermined place and time. This is not technically a true auction in that it does not allow for reaction  method is most useful when a company is looking to sell an entire facility or equipment that has a low number of potential bidders
  • How does it work? The inner workings of a sealed bid vary from auction to auction.  If the facility houses many items, EquipNet lots them in groups (ex 100 items could be lotted in groups of 10).  Bidders are then able to choose whether to bid on an entire facility or on a single lot.
  • Why is this Beneficial?  From a buyer’s perspective, a sealed bid offers bidders the ability to bid lower than market price without other bidders driving prices up.  From a seller’s perspective, sealed bids allow for bidders to place bids that they cannot return to and adjust.  Additionally, when sealed bids are successful, the client is able to sell their assets more quickly than a traditional auction.  This is because with only a handful of buyers, logistics and accounting issues are seriously alleviated.

 Live & Webcast Auction

  • What is it? This is when EquipNet manages the sale of assets at a live auction with online bidders participating remotely via a simultaneous Webcast
  • When it is most useful? This method is most useful when a company is looking to liquidate an entire facility quickly.  It is also extremely useful when there are many items that can be “picked up” by local area business.
  • How does it work? Buyers can bid online and in person via the webcast on a variety of different equipment.

Online Smart Auction

  • What is it? Online Smart Auctions are auctions conducted entirely on the web utilizing a “high-bidder-wins” competitive bidding process to sell pre-owned equipment. The Online Auctions are hosted on the EquipNet website using our own proprietary auction software.
  • When it is most useful? This method is most useful for sellers who are looking to sell their unsold Marketplace merchandise.  Online auctions are also a good choice for sellers who need to meet short deadlines.
  • How does it work? Items are usually listed for sale beginning at 9 AM on the day of the auction and commence at 4PM.  Sellers are able to place reserves on high valued items ensuring that they are getting fair market price for valuable pieces of equipment.

In addition to these individual auction services, EquipNet’s project managers can create specialized project plans that combine the above elements with other services in our surplus asset management toolbox.  To find out if these or any other EquipNet service is right for your company, please call the sales team at 781.821.3482 or email sales@equipnet.com for more information.  Want to see how our auctions work?  Click here to view our calendar of current and upcoming auctions.


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