Certified appraisal service
Provide fair market, orderly liquidation and forced liquidation values for the following industries:
The following are general definitions of common valuation practices used in GD Auctions & Appraisals appraisal reports.
For each appraisal project, a team member from our appraisal division will first contact and discuss the appraisal project with the client to ensure both parties agree and understand on what basis the assets will be valued. This is to ensure the scope of work is agreed upon and the final appraisal report will meet the client’s expectations and needs.
Fair Market Value
The professionally estimated amount, expressed in terms of currency, that may reasonably be expected for property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date.
This term implies that GDAA and its appraiser(s) have not viewed the equipment and is relying on pertinent information and asset specifications provided by sources deemed to be reliable, which typically include the client. The value also assumes that the assets and all components are in good, fair, working condition.
Forced Liquidation/Auction Value(“FLV”)
The professionally estimated amount, expressed in terms of currency, that could typically be realized from a properly advertised and conducted public auction and/or public liquidation, with the seller being compelled to sell with a sense of urgency, on an “as-is condition, where-is location” basis, as of a specific date.
Orderly Liquidation Value
The professionally estimated amount, expressed in terms of currency, that could typically be realized from a privately negotiated liquidation sale, with the seller being compelled to sell on an “as-is condition, where-is location basis”, as of a specific date and typically over a 90-180 day time period.