Fair Market Value, Fair Market Value - In Continued Use, Fair Market Value - Installed, Liquidation Value - In Place, Orderly Liquidation Value, Forced Liquidation Value – Auction Sale, and other definitive valuation services.  Appraisal services have proven to be invaluable aids to lending and leasing entities in the establishment of “real” present and residual values at various junctures in their credit consideration, granting, and amortization processes.  Our appraisals are utilized on a regular basis by owners, lessors, lessees, banks, FDIC (approved appraiser -- several appraisals completed), SBA, governmental agencies, commercial finance and leasing companies, courts (including expert testimony), attorneys, accountants, financiers, utilities, estate settlements, and mergers and acquisitions.  Our expertise lies in most types of income producing machinery and equipment used in construction, mining (surface and underground), production, aircraft, and transportation industries.  Mr. James W. Skelton, CSA has more than 43 years experience in this field and is a Charter Member, Certified Senior Appraiser, Member of the Board of Directors and past President of The Equipment Appraisers Association of North America.  He is also, an approved Candidate Member, in good standing, working toward Senior Membership in The American Society of Appraisers, and past President of the Alabama Chapter.

Mr. J. Todd Skelton, Associate joined our firm in 2003 and brings a broad spectrum of expertise with him.  We attend numerous major auctions in several states each year that ensures continual, first-hand, and updated knowledge of conditions and sales prices.  Additionally, we are kept current concerning changes and trends in our industries through continuing education, industry meetings and conventions, publications, seminars, exhibitions, demonstrations, and other industrial aids.

Our appraisals are professional in content and presentation with no other motive than to determine the value of the property, and our fees are not based on the appraised value.  Our analyses, opinions, and conclusions are developed, and our reports are prepared, in conformity with the Uniform Standards of Professional Appraisal Practice (USPAP).  Fees are competitive and are based on a per day, plus expenses, basis.  We have no geographical limitations. 

Example:  Standards of Value and their appropriateness.

Buyouts, Estate Settlements, Person to Person Sales, Bankruptcy Proceedings, Sales of Surplus Assets, Insurance, Financial Institution Use, Bonding, Litigation, Accounting, Mergers and Acquisitions.

FAIR MARKET VALUE:  

The estimated amount, expressed in terms of money, that may be reasonably expected for a property, sold as-is where-is, in 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, sold as-is where-is, in 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 and assuming that the business earning support the value reported.  This amount includes all normal direct and indirect costs, such as installation and other assemblage costs to make the property fully operational.

Forced Sale of Assets by Secured Parties, Self Imposed/Election Liquidation of Entities, Court Ordered Sale(s).

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 basis, as of a specific date.  Prices realized at orderly liquidation sales differ from the dealer or person to person transactions that would yield (usually) higher prices.

FORCED LIQUIDATION VALUE – AUCTION SALE:

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 and under present day economic trends.  Prices realized at auction differ from the dealer or person to person transactions that would yield (usually) higher prices.

Additional Appropriate Standards of Value are available, used regularly, and may be examined via direct contact.    

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