Every piece of equipment has value. Odell Machinery and Equipment Appraisals specialize in documenting the value of what you own so you not only know it’s worth, you can take advantage of what it’s worth. Whether you own it, are looking to buy it, finance it or refinance it, Odell can help you. Our extensive experience in construction, mining, transportation, manufacturing, agriculture and commercial industries ensures that your equipment will be assessed accurately and thoroughly. For what it's worth, for all it's worth, appraisals are all we do.
Purpose of Appraisals
Terms & Definitions
Methods of Valuation:
Cost Approach - The Cost Approach Analysis is defined as a "method in which the value of a property is derived by
estimating the replacement cost of the improvements and deducting therefrom the estimated depreciation."
Sales Comparison Approach - This approach is an appraisal technique in which the market value estimate is
predicated upon prices being paid in actual market transactions and current listings, the former fixing the lower limit of value in a static or advancing market and fixing the higher limit of value in a declining market; and the latter fixing the higher limit in any market. It is a process of correlation and analysis of similar recently sold properties.
Income Approach - The Income Approach to value is used only when solid data involving income and expenses for
a particular item can be established. It is considered hypothetical in most situations involving machinery and
equipment, and though while considered, has not been applied in the final value estimate.
Fair Market Value (FMV) - the price at which the property would change hands between a willing buyer and a willing
seller, when neither is under any compulsion to buy or sell and both parties have reasonable knowledge of relevant
Orderly Liquidation Value - the estimated gross amount, expressed in terms of money, that could be typically
realized from a liquidation sale, given a reasonable period of time to find a purchaser(s), with the seller being
compelled to sell on an "as is, where is" basis, as of a specific date.
Forced Liquidation Value - the estimated gross amount, expressed in terms of money, that could be typically
realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a
sense of immediacy on an "as is, where is" basis, as of a specific date.
Scrap Value - the estimated amount, expressed in terms of money, that could be realized for a property if it were
sold for its material content, not for a productive use, as of a specific date.
Concrete & Asphalt
Purpose of Appraisals:
Acquisition or Sale
a valuation determined
by a comprehensive physical inspection as to condition, value and existence of a subject item.
a valuation based solely on information provided by the client, with no physical inspection of the subject item.