Used Machinery Appraisals

Our primary business is the sale of surplus assets to industry, acting as a Market Maker. T&T Machinery first hand knowledge of machine values. We understand the supply and demand chain for machinery, machinery life cycle, functionality in current market trends. With this knowledge, along with comparisons of similar equipment and replacement cost, we can give you the most accurate current market valuations.

T&T Machinery assists banks, lending institutions leading corporations, attorneys, accountants, and other appraisal companies with current value data. For 25 years, we have worked as a Market Maker ,evaluating the fluctuations of the market. This knowledge is brought forward to provide the best valuations and reporting on market trends.

Before you hire an appraiser ask them: are you a Market Maker and are willing to back up their wholesale values with a Purchase Order?

We do.

Our Valuations are conservative and accurate, allowing us to offer a Purchase option based on wholesale values.

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DEFINITION OF VALUES

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.

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 installed for intended utilization, as of the effective date of this appraisal report.

LIQUIDATION

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 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 value indicated.

DESKTOP OPINION

A professional opinion of the appropriately defined value, expressed in terms of cash in 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 recommended for use in credit decisions. A desktop opinion is used to determine the need for an appraisal or the scope of an appraisal.

WHOLESALE VALUE

A professional opinion of the estimated price expressed in terms of cash in U.S. dollars which the subject equipment could be sold to a machinery dealer. usually within 3 to 6 months, as of the effective date of the appraisal report. Further, the ability of the asset group to draw sufficient interest in the machinery dealers offerings, time frame of sell through, removal, storage, current and future market trends and repair are issues to be considered for prospective buyers. All assets are to be sold as a lot in its entirety with negotiated responsibility for removal of assets

Usually expressed in FOB dock format. Any deletions or additions to the total assets appraised could change the psychological and/or monetary appeal necessary to gain the value indicated.