Asset appraisal is the evaluation of your assets. We base this estimated value on a variety of factors, including:
- Fair Market Value: The fair market value of an item is the monetary worth of an object based on similar objects. This may be determined by a previous sale or purchase amount, replacement cost, or professional appraiser opinion.
- Orderly Liquidation Value: This is the value of an item in terms of the monetary price it might fetch at an auction. Being an orderly liquidation value, it is assumed that this estimate is based on the items being on-sale long enough to obtain a fair offer based on current condition and fair market value comparison.
- Forced Liquidation Value: Unlike orderly liquidation, forced liquidation suggests a quick auction with no time to wait for an appropriate payment based on value. FLV is usually lower than OLV because the items are forced to sell fast.
At Michaels Global Trading our appraisers are trained in all three types of evaluation and strive to ensure our clients receive the best price for your items. To do this, we monitor not only FMV, but wholesale and retail level evaluations as well.
In a continuously fluctuating economy, Michaels Global Trading is constantly watching the business industry for changes to costs and evaluations on a wide range of equipment, machinery, and technology.
Before appraising your assets, we consult with you and visit your business or home location to verify the condition, age, and function of each item you are liquidating or reselling. We use a variety of resources to create a foundation for our initial foundation, including used merchandise retailers, public records, and our past liquidations.
From here, you are given a report based on the estimated asset evaluation of the items you want to liquidate. Once the estimate is given, you can use your appraisal for your own purposes, or work with Michaels Global Trading to facilitate removal, donation, and liquidation of the belongings in question.
Reasons for Appraisal
There are many reasons a company or individual may call for professional appraisal, including:
- Sale of a home/business
- Purchase of a home/business
- Company merger
- Business relocation
- Equipment upgrade
- Outdated machinery/technology
Michaels Global Trading is not here to judge or ask questions about your appraisal. Our team is quick, courteous, and discreet, obtaining only the information we need to make a fair and consistent appraisal of your assets.
Types of Assets for Appraisal
At Michaels Global Trading our professional appraisers work with companies and individuals across a range of appraisal types. The most common type of appraisal is for tangible assets.
Tangible assets are things you can see and touch like:
- Real estate
- Office furniture
The second type of asset is intangible. Intangible assets are items you can’t see, but which exist and play a role in your business or personal life. Examples of intangible assets include:
- Intellectual property
- Purchase price allocation
Benefits of Hiring a Certified Appraisal Company
When you work with a certified appraiser, rather than trying to do appraisals yourself or trusting the lone opinion of a buyer, you gain access to several advantages. Michaels Global Trading has more than 7-years of experience in the North American appraisal market. When you work with one of our certified appraisers, benefits include:
Professional certified appraisers have a reputation and brand to uphold, just as you do. When we make an appraisal, we stake our reputation on those figures. This holds us to a higher standard of appraisal, guaranteeing fair compensation to our clients.
To ensure fair compensation, we base our appraisal on more than one system of evaluation and consult with our own history of appraisals and the fair market value of appraisals of the same nature.
When you receive an appraisal from a certified professional, you receive a well-rounded evaluation and explanation of each item’s current value. Not only does this help you balance your own books, but it allows you to question any inconsistencies you see between one appraisal and another. Working with a non-professional appraiser may result in a less detailed evaluation, leaving you with less information on your asset value, forcing you to take an undervalued payment on your belongings.
Professional appraisers, like the team at Michaels Global Trading, specialize in additional relevant services which are apart from appraising. This opens the doors to other solutions and resources involving your recently appraised assets, including assistance with:
Michaels Global Trading helps businesses across North America liquidate and remove outdated or unused equipment. Our team is experienced with multiple forms of technology, including:
- Networking setups
- Filing systems
We help clients navigate local recycling laws, getting all your equipment to the right facilities on your schedule and within your budget.
No two clients are alike, which is why no two appraisals are the same. When professional appraisers take on a new project, they invest hours into thorough research to guarantee top dollar for your investments, rather than gaging an evaluation on generic precedents. We use online journals, personal records, market prices, and other detailed sources to gauge accurate and competitive estimates.
Professional appraisers have the option of customizing our appraisal style to benefit our clients. Whether you require a quick forced liquidation value or have the time to pursue fair market value, we strive to provide the best possible option through bespoke appraisal methods based on company need, asset type, and time frame.
Contact Michaels Global Trading Today
Michaels Global Trading works with companies and individuals over a range of industries and assets. We are constantly expanding our services to include the most relevant evaluation tools and tactics. When you work with one of our professional appraisers you have access to years of unparalleled experience and training.
Interested in learning more about Michaels Global Trading and our professional asset appraisal services? We invite you to contact us at 1-888-902-7531 or visit our online contact page to get in touch today!
BEST IN THE INDUSTRY! That’s how we would describe Michaels Global Trading. They took all the headaches for our office move, decommissioning office cubicle, and did everything at a great price. They planned everything ahead of time and were on time to finish the job. Marlon, Mario, and team were extremely professional. They were fast to respond, fair in prices, and extremely service oriented. We would recommend them to companies who are planning an office move or decommissioning office furniture or equipment. – Brainhunter Systems Ltd.
We engaged Michaels Global Trading to remove and dispose a large quantity of office furniture during renovations. Marlon and his team were professional, efficient and made our jobs much easier. It was nice not having to deal with all those desks ourselves!
Liquidation items can be anything that can be sold from a business to generate cash flow. Examples would be furniture, computers, machinery, vehicles, fixtures etc.
The simplest answer is no. There are many factors that affect the value of your assets. Some examples would be market conditions, supply and demand, age, condition and location.
Every appraisal is different and has specific requirements. The cost is directly linked to the scope of work involved.
That depends on several factors; first, how much equipment is being appraised. Appraising a large machinery shop with hundred’s of pieces will take significantly longer than appraising a small mom and pop business.
Majority of appraisal reports will have equipment values and a synopsis of how the appraiser came up with the values given.
Some commons reasons for an appraisal are mergers & acquisitions, business valuation, bankruptcy, financing & SBA lending, insurance, buy and sell agreements or partnership dissolutions.