Appraisal Services Alberta, BC, Saskatchewan
Oilfield Equipment Appraisals, Alberta, BC, Saskatchewan
Appraisal Services Alberta, BC, Saskatchewan
Light and Heavy Oilfield Equipment Appraisals, Alberta, BC, Saskatchewan
Oilfield Equipment Appraisal Companies, Alberta, BC, Saskatchewan
Franchise Business Appraisals, Alberta, BC, Saskatchewan
Business Franchise Appraisals, Alberta, BC, Saskatchewan
Industrial Equipment, Construction Equipment Appraisals, Alberta, BC, Saskatchewan
Appraisal Services

Our Services Are Used & Ordered By:
  • Accounting Firms
  • Business Brokers
  • Business Owners
  • Corporations
  • General Public
  • Law Firms
  • Leasing Companies
  • Major Banks & Financial Institutions
                                   Our Services Are Used For:
  • Accounting Purposes
  • Asset Based Lending
  • Canada Small Business Financing (CSBF) Requirements
  • Donations
  • Estate Planning
  • Financial Planning
  • Foreclosures
  • Insurance
  • Leasing
  • Mergers & Acquisitions
  • Partnerships Dissolution
  • Refinancing
  • Securing Lines of Credit

Value of Appraisals

How Freelance Appraisals Inc. Accurately Determines The Value Of Your Machinery & Equipment.

Understanding Functionality of The Asset
During the appraisal, it is not enough to simply identify an asset. A proper valuation comes from understanding the intricacies of the equipment and recognizing the assets features and functions.
Appraisal Services Alberta, BC, Saskatchewan
What An Appraiser Does:
  • Assembles pertinent data
  • Conducts market research
  • Applies appropriate analytical techniques
  • Applies knowledge, experience and judgment
  • Arrives at a conclusion of value

What Factors Are Considered When Determining Value?
  • Condition of the assets
  • Features and options
  • Functionality
  • Market conditions & trends
  • Sales of comparable assets
  • When applicable: installation, removal & replacement cost

We Use The Sales Comparison Approach To Arrive At Asset Appraised Value.

The Process
The process begins by researching assets which have recently been sold or are offered for sale. These assets should have similar make, model, age and similar options and specifications.
  • If the make, model, and age, options and specifications of the comparable asset are equal to the subject asset, the appraiser focuses on specifications or technical differences between the subject asset and the comparables assets, adjusting the value based on the differences.
  • Adjustments to value are made to the comparable asset, not the asset being appraised.

Field Inspection & Appraisal Report Process
Freelance Appraisals Inc. expedites the field inspection process by using ruggedized mobile tablet PC technology and our market database helps in ensuring quick accurate appraisal turn around times. The strength of our experience, combined with an on-site asset inspection, results in a well-documented and thoroughly supported appraisal reports that can be relied upon when making business decisions and securing financing.

Approaches to Value

Fair Market Value is a professional opinion of the estimated most probable price expressed in terms of Canadian Dollars to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of the appraisal report.

Cost of Reproduction is a professional opinion of the cost expressed in terms of Canadian Dollars, to purchase a new item of like quality and specifications. If such an item is unavailable, the appraiser has used his or her best judgment in estimating a value as of the effective date of the appraisal.

Orderly Liquidation Value is a professional opinion of the estimated most probable price expressed in terms of Canadian Dollars which the subject equipment could typically realize at a privately negotiated sale, properly advertised and professionally managed, by a seller obligated to sell over an extended period of time, usually within six to twelve months, as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to ensure competitive offers is considered. All assets are to be sold on a piecemeal basis "as is" with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the value indicated.

Forced Liquidation Value is a professional opinion of the estimated most probable price expressed in terms of Canadian Dollars which could typically be realized at a properly advertised and conducted public auction sale, held under forced sale conditions and under present day economic trends, as of the effective date of the appraisal report. Conclusions taken into consideration are physical location, difficulty of removal, physical condition, adaptability, specialization, marketability, overall appearance and psychological appeal. Further, the ability of the asset group to draw sufficient prospective buyers to insure competitive offers is considered. All assets are to be sold on a piecemeal basis "as is" with purchasers responsible for removal of assets at their own risk and expense. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the value indicated.

Desktop Opinion is a professional opinion of the appropriately defined value, expressed in terms of Canadian Dollars to be realized by the sale of equipment, in which the opinion is generated from inventory lists, photographs and/or other informational materials supplied to the appraiser and evaluated without the benefit of a physical inspection. A Desktop Opinion can be used for some situations but is not appropriate for many appraisal needs where a physical inspection and verification of equipment condition is required for an accurate valuation.

Customer Service Comes First...

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