Evaluations, appraisals, estimates, assessments — different words describe the process of determining the value of equipment and each can have different meanings and requirements based on context and industry. We get it. We understand the difference among types of liquidation values and have the expertise to get it right.
What we find most useful to the majority of our clients is what we call the HeavyWorth value. It’s an opinion of value, on a specific date, consisting of a willing buyer, willing seller with adequate marketing and a sufficient amount of accurate facts presented.
We use myriad sources to generate our HeavyWorth values, including realized prices from multiple auction sites, professionals with many years of experience, dealership listings and other aggregate price data from proprietary sources. We compare each item we value against the current market dynamics and factor in the attributes captured by our mobile app.
Our process is designed to be easy and efficient, yet still accurate enough to satisfy nearly all lender needs. For clients with more stringent requirements, we can also generate USPAP-compliant appraisals for additional fees.
The end result is an orderly catalog of all the equipment in one document that can be printed or saved as a PDF. It’s also stored in our web app for easy access in the future.
Our mobile app makes it easy to capture all the pictures and information necessary to generate an accurate evaluation.
If you’re short on time or want a full-service option, you can also schedule a meeting to let a HeavyWorth professional handle the listings for you.
Contact us to get started!