Anyone familiar with this blog knows how much a CMEA can do for their business. Auctioneers can improve their business. Real estate appraisers can add another stream of income to their business. There are also plenty of people a CMEA can approach when trying to expand their business. Consider directing your prospecting toward someone in […]
We talk a lot in this blog about how important it is to get a certified appraisal. That’s why we’re always pointing you in the direction of Certified Machinery & Equipment Appraisers (CMEAs). They’ve got “certified” built right into the title, and since CMEA is a designation awarded by NEBB Institute, we’re confident that a […]
So let’s say you’re cleaning out your back store room and come across a few old manual typewriters. What’s a business owner to do? Put them out on the curb, right? Not so fast. The best thing to do is call a CMEA and figure out what they’re worth. According to an recent antiques and […]
There’s a long-held notion that when school lets out for summer vacation, the last person out slaps a padlock on the door and it remains empty and silent until classes resume in the fall. But summer is often the busiest time for schools, even if it doesn’t appear so to the outside world. Summer is […]
Different industries assign different meanings to the word depreciation. Accountants say that it’s the allocation of the cost of an asset across its useful life. Depreciation takes into account normal wear and tear over the asset’s life. Machinery and equipment appraisers, however, assign a different meaning to the term. To appraisers, depreciation is the estimated […]
There are many reasons why business owners hire licensed appraisers to handle their machinery and equipment appraisals. A certified appraisal, which only a licensed appraiser can perform, is not only USPAP-compliant, but it will stand up to scrutiny by peers, the IRS, and the courts. More important than any of that, however, is that a […]
After a CMEA performs a machinery & equipment appraisal for your business, he or she will give you an appraisal report that states his or her findings and estimates. You could receive either a summary appraisal report or a desktop appraisal report, depending on the arrangements you made with your CMEA. A summary appraisal report typically requires an […]
One of the biggest mistakes you can make prior to a machinery or equipment appraisal is not preparing properly for it. If you want to ensure that your appraisal comes in at the highest possible price point, preparation is key. Here are a few best practices that will help in this regard. Cleaning & Repair. […]
The Uniform Standards of Professional Appraisal Practice (USPAP), to which every CMEA adheres, discusses two types of assumptions professionals make when performing appraisals. These are extraordinary and hypothetical assumptions. Extraordinary assumptions are directly related to an appraiser’s specific assignment. If these assumptions are discovered to be false, the appraiser would be forced to change his […]
In a perfect world, a certified machinery and equipment appraiser shows up at a business or job site, performs an appraisal with no snags or hiccups, and delivers a detailed and USPAP-compliant report to the client. In the real world, however, there are so many variables that an appraisal almost always has a curveball or […]
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