Appraisal Services

Fair Market Value

A professional opinion of the estimated most probable price expressed in terms of currency to be realized for property in an exchange between a willing buyer and a willing seller, with equity to both, neither being under compulsion to buy or sell, and both parties fully aware of all relevant facts, as of the effective date of this appraisal report. Both the buyer and the seller acknowledge that the assets must be dismantled and removed at the buyer’s expense.

Forced Liquidation Value

A professional opinion of the estimated most probable price in terms of currency, 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 take into consideration 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 ensure competitive offers is considered. All assets are to be sold on a piecemeal basis “as is, where is” with purchasers responsible for removal of the assets at their own risk and expense. Any deletions or additions to the assets appraised could change the psychological and/or monetary appeal necessary to gain the values indicated. Additionally, this value is not discounted for assembling, cleaning, security, advertising, brokerage, or other disposal costs, if any.

Orderly Liquidation Value

A professional opinion of the estimated most probable price expressed in terms of currency, 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 three to six months, as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient prospective buyers to ensure competitive offers is considered. All assets are to be sold on a piecemeal basis “as is, where is” with purchasers responsible for removal of the 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 values indicated. Additionally this value is not discounted for assembling, cleaning, security, advertising, brokerage, or other disposal costs, if any.

These are appraisal definitions of the most popular type of appraisal reports. Kelso and Company will provided the type of appraisal that best suits the clients individual needs and business plan. Other types of appraisals can also be performed as well.