CRG Appraisal, a Division of Capital Recovery Group
We don't just tell you what you want to hear... We tell you what you need to know
Appraisals are qualified opinions of value. They are important documents, used to make serious financial decisions. There are many reasons why you may need appraisal service. And for each intended use, there is a designated definition of value that is designed to provide you with the necessary tools you depend on to do your job.
Our expert appraisal division is represented by accreditations from the American Society of Appraiser (ASA) with specific designations in Machinery and Technical Specialties (MTS), The International Society of Appraisers (ISA), and the National Association of Professional Appraisers (NAPA). All of our appraisal assignments are conducted according to, and our reports exceed the standards set by the Uniform Standards of Professional Appraisal Practice (USPAP). These are the only government recognized standards of ethics and practice. Mandated by the United States Congress, and written by the Appraisal Foundation, CRG appraisals and reports stand up to the intense scrutiny of commercial banks, federal and state courts, municipal governments, CEOs of Fortune 500 companies, and private industry.
We work with you to accurately define the appraisal scope, based on the intended use. In short, you tell us what you need the appraisal for, and we will develop and complete the appraisal project, delivering you a concise, easy to understand and impartial appraisal report with clearly defined values, approaches to value, critical and limiting conditions and assumptions, research documentation, and methodology. No fluff, No hyperbole, just the facts you need to do what you do best.
Appraisal Uses and Appropriate Values
Our appraisal division works hard to keep current on all appraisal standards. We work with you to identify your exact requirements. Once you have defined the intended use of the appraisal, we apply these standards to develop an opinion of the relevant value. Thatís why CRG has earned the trust and confidence of the largest and most noted asset based lenders, commercial banks, accounting and law firms.
You Get What You Need
We work with you to determine the scope of work for each appraisal project. We advise you regarding levels of risk, and allow you to make intelligent decisions based on your needs, and those of your clients.
Complete Appraisal - A detailed equipment listing with individual values, aggregate value totals, full narrative report including all limiting conditions, critical assumptions, definitions of values, approaches to value, representative photographs, and research bibliography, conducted and written to comply with all standards of USPAP (Uniform Standards of Professional Appraisal Practice). Details including Normal Useful Life (NUL), Effective Age (EA) and Remaining Useful Life (RUL) are noted and considered for each piece of major equipment, with weighted averages applied to remaining ancillary assets.
Walk through Appraisal - An appraisal of limited scope where the appraiser inspects the assets on a cursory basis, concentrating on those assets that collectively represent the majority of the aggregate value. Pertinent information regarding equipment condition, ease of removal, EA and RUL are noted and considered on a general basis. The report does not contain a detailed equipment listing or individual values. Aggregate values are offered for general equipment categories, culminating in a limited appraisal report including all limiting conditions, critical assumptions, definitions of values, approaches to value, conducted and written to comply with all standards of USPAP (Uniform Standards of Professional Appraisal Practice).
Desktop Appraisal - An appraisal of limited scope whereby the appraiser estimates the value of the equipment from his desk with only a listing supplied to him, and without benefit of a physical inspection of that equipment. Critical assumptions are made as to condition, age, location, physical appearance, ease of removal, and other pertinent factors that may affect value. An aggregate value is determined in a limited appraisal report including all limiting conditions, critical assumptions, definitions of values, approaches to value, conducted and written to comply with all standards of USPAP (Uniform Standards of Professional Appraisal Practice).
We Know the Meaning(s) of the Word "VALUE"
Fair Market Value - The estimated amount, expressed in terms of money, that may reasonably expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, as of a specified date.
Fair Market Value (removed) - Fair market value considering the cost of removal of the property to another location..
Fair Market Value (in continued use) - Fair market value including all normal direct and indirect costs such as installation and other assemblage costs to make the property fully operational, provided that the business earnings support the value reported
Forced Liquidation/Current Auction Value - The estimated gross amount, expressed in terms of money, that could typically be realized from a properly advertised and commercially reasonable public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specified date.