Posted By: Southern Fabricating Machinery Sales | Posted On: March 31, 2023
Why You Need A Certified Equipment Appraiser When Appraising Machinery
A Certified Equipment Appraiser (CEA) is the best choice when having machinery and equipment appraised. In order to gain the certification an appraiser must be an expert in the field he or she is appraising in and must be subjected to not less then 14 hours of initial education based on the USPAPS standards as well as maintain an ongoing education in the field in which they are certified. CEA certification is only available through the Association of Machinery & Equipment Appraisers (AMEA) an association of professional appraisers working in the manufacturing and machine tool market. These experts often work together to pool resources for equipment known to them and some equipment that may be rarely encountered in order to provide an accurate appraisal. Listed below are just a few of the reasons a CEA is your best choice for machinery, manufacturing and plant appraisals.
First, CEA's have the knowledge and experience to accurately value the equipment in question. They are experts in their field, have familiarity with the equipment being appraised and have the training and education necessary to understand the intricacies of the equipment and the industry in which it operates.
Second, CEA's are impartial and unbiased. They do not have any vested interest in the outcome of the appraisal, and their only goal is to provide an accurate and fair value of the equipment based upon the requestors needs. This is critical when the appraisal is being used for important financial decisions, such as buying or selling a business, dissolution of partnerships or for tax or insurance purposes.
Third, CEA's have a professional code of conduct that they must adhere to and follow and comply with the USPAPS standards used throughout the appraisal industry as a whole. This ensures that they conduct themselves in a professional and ethical manner, and that they provide accurate and unbiased information. This is especially important when the appraisal is being used in legal proceedings, such as a lawsuit or divorce settlement.
Fourth, CEA's have access to a wide range of resources and databases that allow them to conduct accurate appraisals whether your appraisal is for market value, liquidation or other intended uses. They use industry-specific data and market trends to determine the value of the equipment, and they may also consult with experts in the field to gain additional insights.
Fifth, CEA's are also familiar with the latest market trends and technologies which help them give you the most accurate appraisal. They are updated with the latest market prices, technological advancements and are well-versed with the manufacturing and maintenance costs of the equipment which makes their appraisal more reliable.
Lastly, CEA's are held to a high standard of accountability. They must abide by the rules and regulations of their professional organization, and they are subject to disciplinary action if they fail to adhere to these standards. This ensures that clients receive the highest quality of service possible.
In conclusion, a Certified Equipment Appraiser is the best choice when having machinery and equipment appraised because they have the knowledge, experience, and resources necessary to provide an accurate and fair value. They are impartial and unbiased, and they adhere to a professional code of conduct. They are also familiar with the latest market trends and technologies and held to a high standard of accountability. Choosing a certified equipment appraiser ensures that clients receive the highest quality of service possible and make informed decisions based on the accurate appraisal.
Southern Fabricating Machinery Sales has CEA's on staff to meet your needs for machinery valuations and appraisals. Contact us today for more information on our appraisal services.