Machine Tool Equipment Leasing / Financing
Services Asset Management Machinery Appraisal Services

T.R.Wigglesworth Machinery Co. Appraisal Services.

 

 

T.R. Wigglesworth JR. has over 40 years of buying and selling machine tools and equipment in the marketplace. This knowledge provides a better perspective adding greatly to the quality of evaluation and affording the extra insight to provide accurate appraisal numbers.

T.R. Wigglesworth JR. has undergone extensive testing and keeps up-to-date by regularly attending required continuing education programs. The AMEA appraisers learn from noted professional equipment specialists and financial experts not only what values can be expected but also what to look for in terms of conditions, accessories, tooling and other value characteristics. Tom is required to acquire 70 hours of credit in a five-year period.

Tom is reviewed by a committee of peers every two years to be sure that their appraisals continue to meet the required standards and procedures, and has a network of specialists in every industrial environment for support in the field.

 

Market Experience


Market experience instills confidence. Not only is direct involvement in the marketplace essential in formulating accurate valuations, it is an AMEA requirement. AMEA members are involved on a daily basis in buying, selling, and appraising machinery and equipment.

Members holding the Accredited Equipment Appraiser (AEA) designation have a minimum of three years experience in buying and selling in the marketplace, while those with the Certified Equipment Appraiser (CEA) designation have at least five years experience.

AMEA members can assist you with the best method of valuation to fit your appraisal needs. You can trust an AMEA appraiser's evaluation of your project requirements whether it is a single machine or a complex structure of multiple plant locations.

 

Types of Appraisals

Market Value (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 this appraisal report. 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 this appraisal report.

Forced Liquidation Value (Auction): A professional opinion of the estimated most 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 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 assets appraised could change the psychological and or monetary appeal necessary to gain the price indicated.

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 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' with purchasers responsible for removal of 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 value indicated.

New Replacement Cost Value: A professional opinion of the cost expressed in terms of cash in U.S. dollars, F.O.B. the manufacturer's plant, to purchase a new item of like quality and specifications. If such an item is unavailable, the appraiser has used his of her best judgement in estimating a value as of the effective date of the appraisal.

Desktop Opinion: A professional opinion of the appropriately defined value, expressed in terms of 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 opinion is not an appraisal and should not be used as an appraisal and is not recommeded for use in credit decisions. A desktop opinion isused to determine the need for an appraisal or the scope of an appraisal.