Light & Heavy Equipment Appraisals

Freelance Appraisal Group Inc. offers fast and accurate expert heavy equipment & machinery appraisals with outstanding customer service.
At Freelance Appraisal Group Inc. our CPPAG accredited appraisers will work closely with you to ascertain your appraisal needs and tailor an appraisal to your industry. We can provide an appraisal on a single piece of equipment or all of your business assets.

Business owners, business brokers, bankers, lawyers. financial advisors and accountants look for accurate, timely appraisals for partnership buyouts, mergers, acquisitions, litigation, financial restructuring, business loans and to establish operating lines of credit. Our appraisals provide an accurate verification of physical condition and fair market value vs. accounting "book value" and unknown condition.

Our appraisals are prepared in accordance with the principles and procedures of the Canadian Personal Property Appraisers Group (CPPAG) and the Uniform Standards of Professional Appraisal Practice (USPAP).

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 an physical inspection. A Desktop Opinion can be used for some situations but is not appropriate for many appraisal needs where an physical inspection and verification of equipment condition is required for an accurate valuation.