Appraisal services

Appraisal under professional valuation of property implies the determination of the economic value of the property. In fact, the appraisal is aimed at estimating the value of property not as a physical object, but the ownership right and use of this right in order to obtain economic benefits. According to valuation practice, any item (tangible or intangible) that can be owned by a natural person or legal entity, and in relation to which various operations can be applied (purchase, sale, leasing, renting, mortgage), should be classified as property. Thus, the subject of appraisal can be:

Land      Biological Assets
Buildings    Going Concern
Plants    Business and Business Interest
Equipment and Inventory    Intellectual Property
Inventory    License and Agreements

According to the purpose of valuation, appraiser identifies the proper type of value to be estimated. Following types of value can be distinguished in property appraisal:
Market Value   Liquidation Value
Fair Value   Tax Value
Investment Value   Insurance Value
Value-in-use   Mortgage Value
Utilization Value  

Taking into account the economic relationships prevailing in everyday life, legal entities and natural persons could have the need to determine the property value and it is desired that they use the appraisal service under following circumstances:

Purchase and Sale Insurance
Financial Reporting Company Mergers
Drawing Investments Company Liquidation
Loan Collateral Company Restructuring
Asset Reevaluation Impairment Test
Fixing Property Arguments Purchase price allocation
Hereditary Succession  

Property valuation can be critical in making strategic investment decisions and help a business make a compelling choice.