Many companies spend the end of the year looking toward the next and working on their budgets for the new year. Sometimes, those budgets include equipment purchases, which means that the old must be sold. Our CMEA members might have many customers or potential customers in this situation. Figuring out how to help them is an excellent way to start the New Year out right.
In order to price a piece of equipment properly and ensure it receives a fair price, a company has to know what it’s worth. Typically, this process is straightforward; however, a company with pieces of rare or custom-built machinery that they are interested in selling will find the expertise of a CMEA is especially important. A CMEA can help a company decide if a piece of rare or custom machinery can be sold and repurposed by another company or if it is better to break it down to its parts and sell it that way. These types of appraisals are particularly challenging – and fun – because rare and custom pieces of equipment usually have few comparables to assist in the appraisal.
CMEAs will probably find plenty of customers and potential customers in need of a little help as 2013 winds to a close. If you want to grow your business in 2014 and need a assistance uncovering these customers, contact us today and take advantage of our wide network of appraisal professionals and vast education resources.
The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.
By: NEBB Institute
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