An inspected appraisal, one where the equipment appraiser completes a visual inspection of the assets, can frequently be a better option for many equipment valuations. There are times though, when a desktop appraisal may be appropriate for your needs.
A desktop appraisal may be the right solution for scenarios like:
- The equipment is not available to be inspected. For example, if the assets were donated and we are completing a charitable contributions appraisal, the assets might not be available for inspection. When we complete insurance appraisal, the assets may have been stolen or destroyed, so an inspection isn’t an option.
- The assets to be valued are at multiple locations across a large area or where the assets are so remote that travel would be cost-prohibitive. Sometimes, a hybrid approach, inspecting some assets, and completing an uninspected desktop appraisal on others, is the best procedure.
- The equipment is common or standardized and does not have significant customizations.