APPRAISAL SERVICES

Oakwood Real Estate uses independent qualified appraiser that provide 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

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. 

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. 

IN PLACE / IN USE 

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

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.

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. 

FORCED LIQUIDATION VALUE (AUCTION) 

Address

3100 N Dries Lane

Suite 201
Peoria, IL 61604

Contact Managing Broker

(309) 688-6888 office 

Mark Rosenberg, Peoria

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