Fixed Asset Appraisal and Valuation Services

Verasset conducts fixed asset appraisal and valuation services in conjunction with strategic partners that are recognized industry leaders and subject matter experts. Our professionals’ knowledge, qualifications, experience and industry-recognized objectivity make them highly valued in dispute arbitration proceedings, as expert witnesses, and as attorney-advisors.

Verasset’s asset appraisal services are based on a team of certified appraisers with over 27 years of experience in the field.

Verasset personnel inspect and evaluate property and assets with regard to clients’ specific requirements. During the inspection process, detailed descriptive information pertaining to the assets is identified and compiled. Whenever possible, this includes age, manufacturer, model, serial number and specifications. At the same time, other information such as the condition of inspected assets may be discussed, requested and/or gathered.

Appraisals are developed and submitted in conformance with the Uniform Standards of Professional Appraisal Practice (USPAP), as established by the Appraisal Standards Board of the Appraisal Foundation.

There are three basic valuation methodologies used to establish an estimate of an asset’s value. These methodologies use cost, sales and income to establish a range of imputed asset value.
  • Cost Methodology – This method relies on a set of procedures in which an appraiser derives an imputed value by estimating the current cost to reproduce or replace an asset, adjusting for depreciation including physical deterioration, and functional and economic obsolescence.
  • Sales Comparison Methodology – This methodology uses a set of procedures in which an appraiser derives a valuation by comparing the property being appraised to similar property that has recently sold. The methodology relies on comparing appropriate data fields such as age, condition, location, price, etc. of sold assets to the items being appraised, and adjusting the estimated valuation of the assets accordingly.
  • Income Capitalization Methodology – This approach uses a set of procedures in which an appraiser derives a valuation for income-producing property by estimating an asset’s income generating potential. This is accomplished either by capitalizing a single year of projected income, or averaging several years of projected income at an imputed capitalization rate that reflects a specified income pattern, return on investment or change in value of the investment; or discounting the annual projected cash flows of holding the asset over a period of time at a generally recognized market discount rate.

Verasset’s partners hold the following certifications:

  • Uniform Standards of Professional Appraisal Practice (USPAP)
  • Board certification – Manufactured Housing Appraisers
  • Board certification – Personal Property Appraisers
  • Membership in the Certified Appraiser’s Guild of America
  • Membership in National Society of Appraisal Specialists
  • Membership in the South Carolina Auctioneers Association
  • Certification as a US Bankruptcy Court expert witness

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