Friday, March 1, 2019

Top 3 Things To Look For In An Appraiser


Whether it involves buying, refinancing or selling a home, applying for a home equity loan, estimating the economic value of your interest in a business, determining the economic worth of a business or valuable business assets, or simply having your renewable energy appraisal done, it is important to consider a highly qualified professional to perform your appraisal. This is important to ensure that it is completed with the highest level of accuracy and you have the optimal appraisal experience. Here are some of the important aspects you should look for in your appraiser:
  1. So many complex issues and challenges are presented to corporations in the face of expansion, advancing technology, and increasing competition in the marketplace. You want to ensure that the appraiser understands these complex challenges and performs on-site physical tours, estimates depreciation from physical, functional and economical factors, and can effectively analyze your fixed asset records.
  2. You also want to ensure that the professional appraiser brings in a wealth of first-hand knowledge and experience in appraisals that is certified by Accredited Senior Appraisers with the American Society of Appraisers (ASA), Members of the Royal Institution of Chartered Surveyors (RICS), Members of the Appraisal Institute (AI), and Certified General Appraisers.
  3. Some of the latest concepts used in appraisals include replacement cost, reproduction cost, fair market value in continued use, fair market value installed, orderly liquidation value, forced liquidation- auction value, and salvage value- scrap value, among others. Ensure that the appraiser uses these concepts.
Some of the leading valuation consulting firms with over 90 years of experience and comprehensive knowledge of complex valuations and appraisal matters, provide reliable valuation advisory and consulting to public and closely held businesses, as well as government agencies located around the world.

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