Forke & Tuel Appraisal Services LLC has been providing Professional Certified Appraisal Services to Contractors, Dealers, Investors, Banks and other Financial Institutions since 2001.
We know the market. We utilize many resources, track market trends, attend auctions, analyze current historical sales date, including auction history, retail comparisons, etc.
We know the industry. We have a combined history of over 70 years experience, having worked with numerous contractors, dealers, and auction companies in a multitude of capacities over the years.
We know equipment. We have conducted thousands of Appraisals and equipment inspections over the years, for a wide variety of clients covering a broad spectrum of equipment industries.
We won't compromise. Our Appraisals are conducted independently and exclusively by us, and represent completely objective, unbiased third party evaluations, certified under strict guidelines. We are USPAP certified.
Auction (Forced) Liquidation Valuations - briefly defined as - "An opinion of gross amount, expressed in terms of money, that typically could be realized from a properly advertised and conducted public auction, with the seller being compelled to sell with a sense of immediacy on an as-is, where-is basis, as of a specific date”, within a reasonable exposure time (typically 60 to 90 days)."
Fair Market Value - briefly defined as - “The price at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or compulsion to sell and both having reasonable knowledge of the relevant facts.”
Orderly Liquidation Value - briefly defined as - “An opinion of the gross amount, expressed in terms of money, that typically could be realized from a liquidation sale, given a reasonable period of time to find a purchaser (or purchasers), with the seller being compelled to sell on an as-is, where-is basis, as of a specific date.”
References available upon request!
Call us. We'll guide you through the entire process!