What If You Don’t Need a Certified Appraisal?

We’ve talked in the past about the importance of making sure that when you get a machinery or equipment appraisal, that it is a certified appraisal. A certified appraisal is one that adheres to the standards of the Uniform Standards of Professional Appraisal Practice (USPAP), will stand up to scrutiny in a court of law, and is accepted as a qualified appraisal by the IRS, The Council of Foundations, and others. However, there are cases in which a certified appraisal may not be necessary.

Sometimes, companies do not need a formal valuation. It may because of a lack of time or budget, or it may be because the report will not be used for reporting purposes. If your company simply needs to know the general worth of a piece of machinery or equipment in order to make internal decisions or to make buying and selling decisions, EquipNet can help. Our appraisers are familiar with these situations and can provide a pricing report that meets the needs of companies that do not need a certified report.

To learn more about our appraisal services, take a look at the Appraisal Services section of our website.

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