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Do not leave any fields blank.
Do not use all CAPITALS.
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Perform Valuation by: |
Month
Day
Year
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Level of Valuation: |
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Number of pieces: |
Number of pieces estimated over $1,000 |
| Type of Property: |
Type of equipment to be appraised.
(examples: Construction, Manufacturing, etc) |
| Intended Use: |
Intended purpose of the appraisal.
(examples: bank financing or refinancing, liquidation, sale, estate
settlement, tax valuation, property tax, etc) |
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Intended User: |
Who is going to receive the valuation report? |
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Locations of Property: |
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Type of valuation requested: |
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Fair Market Value (FMV): The most probable price which a property
should bring in a competitive and open market under all conditions requisite
to a fair sale, the buyer and seller each acting prudently and
knowledgeably, and assuming the price is not affected by undue stimulus.
Implicit in this definition is the consummation of a sale as of a specified
date and the passing of title from seller to buyer under conditions whereby:
(1) buyer and seller are typically motivated; (2) both parties are well
informed or well advised, and acting in what they consider their best
interests; (3) a reasonable time is allowed for exposure in the open market;
(4) payment is made in terms of cash in United States dollars or in terms of
financial arrangements comparable thereto; and (5) the price represents the
normal consideration for the property sold unaffected by special or creative
financing or sales concessions granted by anyone associated with the sale. |
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Fair Market Value in Place (not in use): Is the Fair Market Value of
the item installed, not in operation, but capable of being used. |
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Forced Liquidation Value (quick sale): The estimated gross dollar
amount which could be typically realized at a properly advertised and
conducted public auction held under forced sale conditions, with a sense of
immediacy and under present day economic conditions. |
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Orderly Liquidation Value: The amount of gross proceeds which could
be expected from the sale of the appraised assets, held under orderly sale
conditions, given a reasonable period of time in which to find a purchaser(s)
considering a completed sale of all assets, "as is and where is," with the
buyer assuming all costs of removal, with all sales made free and clear of
all liens and encumbrances, with the seller acting under compulsion. |
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Liquidation Value in Place: An amount of money which is projected to
be obtainable, considering the present marketplace, assuming that the entire
facility would be sold intact ("bulk sale"), along with all related
equipment necessary to make it viable. It further considers the FMV, as
normally defined, could not be obtained due to restrictions of time and
probable conditions of the business under forced sale conditions. |
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| Comments or Questions: |
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