Key Auctioneers provides comprehensive appraisal services across a broad spectrum of industries. Our goal is to help asset-based lenders and other financial institutions gain a complete understanding of the value of inventory and other assets in which they have a security interest.
We employ four certified appraisers and the latest technology to continuously deliver timely, professional valuations of equipment, inventory and fixed assets. We will complete and deliver a thorough and defensible appraisal anywhere in our service area within seven business days. Meeting your deadline with a reliable and accurate appraisal is our first priority.
We offer clients an extensive knowledge base, years of experience, and ongoing services beyond the completion of the appraisal itself. We believe our relationship does not end with the appraisal. We provide a host of typical post- appraisal services, including expert witness testimony, asset recovery and storage services, liquidation and auction services, and a variety of other services that may be required by the lender post-appraisal.
An inventory appraisal is a complex project often performed under tight deadlines. Key Auctioneers’ four CAGA certified professionals can mobilize quickly in order to minimize potential delays and losses. Our diverse staff of experienced professionals enables us to match appraisers with the specific industry and liquidation knowledge required by each client or project.
Key’s professionals have completed appraisals in the following industries:
- Consumer ProductsIndustrial Products
- Apparel and Footwear
- Building Materials
- Food and Beverage
- Home Goods and Accessories
- Medical and Personal Care
- Sporting Goods
- Toys and Educational
- Construction Materials
- Engineered Products
- Fasteners and Hardware
- Forestry, Lumber and Wood Products
- Metals and Alloys
- Packaging Materials
- Pulp and Paper
Key’s standard appraisal report provides a comprehensive valuation of the underlying collateral. Each report conforms to the requirements of the Uniform Standards of Professional Appraisal Practices (USPAP).
We provide a full range of appraisals including:
- Fair Market Value
- In Place / In Use
- Orderly Liquidation
- Forced Liquidation /Auction
- Desktop Opinion
- New Replacement Cost
- Definitions of Values
FAIR MARKET VALUE
A professional opinion of the estimated most probable price expressed in terms of currency 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 the appraisal report.
IN PLACE / IN USE
The most probable market price expressed in terms of cash equivalents an asset should bring in a competitive and open market under a reasonable time period at an asset’s highest and best use. An asset’s value includes all transportation, labor and material costs to place the asset into use.
ORDERLY LIQUIDATION VALUE
A professional opinion of the estimated most probable price expressed in terms of currency 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. 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.
FORCED LIQUIDATION VALUE (AUCTION)
A professional opinion of the estimated most probable price expressed in terms of currency 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.
A professional opinion of the appropriately defined value expressed in terms of currency to be realized by the sale of assets, 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 recommended for use in credit decisions. A desktop opinion should be used to determine the need for an appraisal or the scope of an appraisal.
NEW REPLACEMENT COST VALUE
A professional opinion of the cost expressed in terms of currency, F.O.B. the manufacturer’s plant, to purchase a new item of like quality and specifications. If such an item is unavailable, the appraiser uses his or her best judgment in estimating a value as of the effective date of the appraisal.