Sandalwood Valuation: Certified Machinery & Equipment Appraisal

Appraisals will use one or more of the following definitions of value depending on circumstances and how the appraisal will be used:

Fair Market Value

“The estimated amount, expressed in terms of money, that may be reasonably expected for a 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 fully aware of all relevant facts, as of a specific date.”

Fair Market Value In Continued Use

“The estimated amount, expressed in terms of money, that may be reasonably expected for a 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 fully aware of all relevant facts, including installation and other assemblage costs to make the property fully operational.”

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 (or purchasers), with the seller being compelled to sell on an as-is, where-is bases, as of a specific date.”

Forced Liquidation Value

“The estimated gross amount, expressed in terms of money, that could typically be 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.”

¹American Society of Appraisers, “Valuing Machinery and Equipment: The Fundamentals of Appraising Machinery and Technical Assets. 2005.