Prepare Beforehand for a Professional Appraisal

If you are thinking about selling surplus machinery or equipment or need to determine the value for asset-based lending, or to provide a “selling tool”, you will want the services of a professional appraiser.  However before you contact an appraiser, there are some steps you can take to help improve the value of your equipment. 

One of the first things you need to do is to clean and if necessary paint the items to maximize the appraised value.  Additionally make sure items are fully functional and take care of any repairs.  The time to do all of this is before you bring in the appraiser.  

The next step is to put together a detailed list of the equipment and machinery to be appraised, include descriptions, photographs, general condition and any repair records if applicable.   Add to that all of the information regarding the purchase of the items such as receipts, owner’s manuals, warranty certificates, and serial numbers.

Now you are ready to look for an appraiser that has specific experience with your industry and is familiar with the type of equipment and machinery you need appraised.  The appraisal will base valuations on actual sales and take into consideration factors such as: the age, condition and maintenance of the items, market conditions and demands, geographic location, specialized design and/or modifications, technological obsolescence, and industry trends/economic fluctuations. 

At Rabin, our professional machinery and equipment appraisal team has been working together for more than 25 years and has extensive experience in nearly every facet of industrial equipment.  We offer clients appraisals that are exceptionally thorough and provide real-world obtainablevalue conclusions.

Rabin is an international company that specializes in creating liquidity for complex manufacturing facilities with idle or marginally productive assets.  Rabin’s operations include selling entire plants, multiple plant locations, or surplus individual items by auction or liquidation and much more. Past auctions include names such as Hostess, Braniff Airlines, Montgomery Ward,and the Railway Express Agency.