Appraisals

Appraisal Services

VAN HORN AUCTIONS & APPRAISAL GROUP has been in the auction, liquidation and appraisal industry since 1988. It is from this experience that we are able to offer a host of appraisal opportunities.

All opinions of value are conducted to the desires and needs of our clients. All opinions of value are fee based and determined after the "Project Information Form" has been completed by the client. All opinions of value are either in report or page form, and are opinions of values only.

Below is the list of services associated with appraisals:

Liquidation Value

We define liquidation value as the price that goods in inventory and/or equipment would bring at a piece meal public auction sale conducted on site, (as is, where is). This figure is solely an estimation of the asset’s liquidation value at the present and current time. The purpose of this liquidation is the disposal of assets for cash.

Fair Market Value

We define fair market value as the price that goods in inventory and/or equipment would bring if offered for sale in the open market. The seller must be willing but not obligated to sell, and must allow time to find a buyer who is willing but not obligated to buy. This figure is determined by supply and demand as contrasted to a price set by company policy or “Book Value”.

Reference Material

Liquidation and fair market values are determined and derived from, but not limited to: retail values, wholesale values, resale market, market capacity, internet investigations, periodicals and trade publications of certain industries, and thirteen years of experience in the Liquidation/Auction Industry.

Market Value (Fair Market Value)

A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars ($) to be realized for property in an exchange between a willing buyer and a willing seller; with equity to both, neither under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of this appraisal report.

Market Value - In Place

Forced Liquidation Value (Auction)

A professional opinion of the estimated most probable price expressed in terms of cash in U.S. 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 price indicated.

Orderly Liquidation Value

A professional opinion of the estimated most probable price expressed in terms of cash in U.S. 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.

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 price indicated.

New Cost Value

A professional opinion of the estimated most probable price expressed in terms of cash in U.S. dollars ($), F.O.B. the manufacturers plant, 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.

Desktop Opinion

A professional opinion of the appropriately defined value, expressed in terms of cash in U.S. dollars ($) to be realized by the sale of equipment, in which the option is generated from lists and/or other informational materials supplied to the appraiser and evaluated without the benefit of an actual on site inspection. This opinion is not an appraisal and should not be used as an appraisal and is not recommended for use in credit decisions. A desktop opinion is used to determine the need for an appraisal of the scope of an appraisal.