Steps of an Equipment Appraisal.
The steps of an equipment appraisal are the following:
- Discuss the details of the appraisal.
- During the inspection the appraiser will: note the condition, inventory (in some cases measure), and photograph the subject property.
- The raw data is sorted by location & accounts (grouping of similar assets).
- Appraisal analysis in accordance with USPAP is applied to arrive at conclusion of value.
- The appraisal report is then developed in accordance with USPAP.
- The appraisal report is then signed by the appraiser and transmitted to the client. In most instances the report is in a .pdf digital format.
