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[[[ Frequently Asked Appraisal Questions

Why have an Appraisal?
An appraisal is necessary for a variety of reasons. Appraisal reports are used for (1) Asset Based Financing, (2) Acquisition of Assets, (3) Merger of Assets, (4) Bankruptcy, (5) Divorce, (6) Estate Planning, (7) Bond Issues, (8) Insurance Purposes, (9) Equitable Distribution in conjunction with Business Planning Purposes or (10) Business Decisions.  Regardless of your need, the appraisal will provide a "snapshot" of your company's assets at any certain point in time.

What is the lead time on an Appraisal?
Time frames can vary depending on the size and the nature of the appraisal. However, Williams & Lipton Company can typically provide a completed appraisal document in 2 to 2 1/2 weeks after the physical inspection.

What does an Appraisal cost?
Appraisal cost varies. There are a number of factors such as the size of the facility, number of facilities, type of equipment, type of appraisal, distance, etc., that determine the appraisal cost.  A Williams & Lipton Company appraiser/consultant can discuss your options and recommend the necessary appraisal as well as the cost associated with each option.

What type of Appraisal valuations are available?
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 being under any compulsion to buy or sell, and both parties fully aware of all relevant facts as of the effective date of the appraisal.

Forced Liquidation Value (Auction Value) - A professional opinion of the estimated 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 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 package could change the psychological and/or monetary appeal necessary to gain the price indication.

Fair Market Value In-Place - 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 being under any compulsion to buy or sell, and both parties fully aware of all relevant facts, as installed for intended utilization, as of the effective date of the appraisal.

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 package could change the psychological and/or monetary appeal necessary to gain the price indicated.

Desk Top 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 opinion 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 should not be used as an appraisal and should not be used in credit decisions. A desktop opinion is used to determine the need for an appraisal or the scope of an appraisal.