Appraisal Information

What is an appraisal?

An appraisal is an assessment or evaluation of assets or equipment to determine various value(s)

The appraisal concept

It is our goal at Arwood Appraisal, LLC to remove the guesswork and provide true statistical analysis to determine the bottom line. Whether you are an asset-based banker, corporation, attorney, or private investor, your financial decisions are all impacted by the following:

• Constant fluctuation of the U.S. Dollar
• Economic Impact
• Obsolescence
• Appreciation/Depreciation
• Corporate Mismanagement
• Acts of God

An Arwood Appraisal takes all these factors into consideration in order to guide you in your loan-to-value ratio decisions. Nothing is left to chance when it comes to judging risk.

Possible appraisal situations:

• Going Out Of Business
• IRS Audits
• Accounting & Inventory Reconciliation
• Analyzing Corporate Prospectus
• UCC Filings
• Dissolution of Partnership
• Tangibles & Intangibles

• Collateral-Based Loans
• Re-Financing New Loans
• Annual Reviews
• Mergers & Acquisitions
• Corporate Takeovers
• Bankruptcies
• Foreclosures
• Buying or Selling an Existing Business

What is a USPAP Certified Appraisal?

USPAP stands for Uniform Standards of Professional Appraisal Practice. In order to be USPAP compliant and certified, one must take a stringent educational courses(s) and pass a written test to ensure that he has the knowledge, experience, ethics and technical skills underlined by the Appraisers Qualification Board. A USPAP appraisal report is the only certified report defined and authorized by The United States Congress as THE source of appraisal standards and qualifications. The USPAP procedural guidelines require the strictest conformity for reports. The Arwood Company is proud to offer USPAP certified appraisals for over 43 years.

Types of USPAP Appraisal Reports:

• Replacement Value (RV)
• Inventory (INV)

• In-Place Fair Market Value (FMV)
• Orderly Liquidation Value (OLV)
• Forced Auction Quick Sale Value (AQS)

Who We Work For

• Consultants
• SBA
• Business Brokers
• Insurance Companies
• Real Estate Conglomerates
• Manufacturers

• Asset-Based Bankers
• Corporations
• Attorneys
• Private Investors
• Hedge Funds
• CPAs
• Attorneys & Trustees

How We Work - "Scope of Employment"

• We are contracted by a letter of engagement which details: the client, the type of appraisal requested, date to complete, client contact information, location of assets, on-site inspection date, range of fees, and agreement signature.
• Provide a physical inventory of assets.
• Review all three (3) USPAP approaches to valuation.
• Value assets based on today’s economic conditions and in compliance with USPAP standards.
• Shoot photographs.
• Due Diligence
• Team review from our staff of appraisers where values are researched, challenged, and debated.
• Corporate review from our executive board.
• Prepare final report. Our appraisal report is in a narrative format describing our methodologies and analysis used to establish values. We explain in detail the company’s operation, conditions, products it manufactures or sells, and services provided. We provide make, model, year, serial number, vin, mileage, "wear and tear" conditions, manufacturer and features, installation or removal costs (if applicable), and the values FMV, OLV, and AQS as required under USPAP guidelines.
• Our reports are bound, stamped, and certified for presentation to our clients. We also provide PDF file copies of our reports which we email to our clients.

Arwood appraisals are defensible in court. If we see an item, research it in our extensive database, and place a value on it (factoring all physical and economic conditions), then we can stand confidently by our valuations under court examination. We "say what we mean AND mean what we say"; therefore, all Arwood appraisals are accurate, substantiated, irrefutable, defensible, and can withstand scrutiny.

In the appraisal profession, anyone can give a random opinion as to what something might be worth; however, only a true professional can establish a value which is USPAP certified. USPAP stands for Uniform Standards of Professional Appraisal Practice. In order to be USPAP certified, one must take a stringent educational course and then pass a written test as set forth by the guidelines of the Appraisers Qualification Board. There IS a difference! Don't gamble with the values of your collateral-based assets. Call us today for a free consultation.