Types of Appraisals
Intelli-Val offers two types of appraisals: Appraisal Reports (Inspected) & Desktop Appraisals (Non-Inspected).
Appraisal Report (Inspected)
An appraisal report is the highest level of certified appraisal and is completed using a physical site inspection gathering data and photographs.
The “Inspected” report performed by the appraiser will document manufacturer, model number, serial number, hour meter reading/odometer, and a physical condition assessment. This level of equipment appraisal can withstand the scrutiny of litigation, banking / loan requirements, and bankruptcy challenges.
Desktop Appraisals (Non-Inspected)
Desktop appraisals are the most cost effective type of appraisal which don’t require travel and those related expenses. These appraisals meet the detail requirements for most banking considerations, litigation, and tax purposes.
Desktop appraisals utilize client provided information such as manufacturer, model number, and other tangible details along with photographs. The Desktop report will traditionally note appraiser-based assumptions on physical condition of the assets and will rely heavily on the data remitted for review.