• How do I choose an Appraiser?

• How do appraisers set fees?

• Are appraisers required to be licensed?

• Does the auction method mean I will get less for my assets?

• I can't attend a specific auction sale. Can I still bid?

• When is asset brokerage or orderly liquidation beneficial over public auctions?

• I'm not a seller but I'm looking to buy. Can you help me?

How do I choose an Appraiser?

Ask for a resume . Evaluate education, relevant experience, appraisal society accreditations and membership. Ask for references! Lender approvals are important. It means the appraiser has passed their scrutiny and met their standards.

How do appraisers set fees?

Fees are usually either quoted by the hour or day (per diem) or by flat-rate quotation. Fees range all over the board. They should reflect the appraisers experience, training and quality of reputation. Flat rate quotes are made after a walk-through of the project or analysis of the listed description of assets to be appraised. The quote will reflect the appraisers estimate of time spent in the inspection phase, research, and analysis required to reach a supportable value conclusion, difficulty factor and financial risk and exposure inherent in the project.

Are appraisers required to be licensed?

Currently only real property appraisers have restrictions relating to appraisals of property. Federally insured funds on certain minimum stated value transactions are required to have state licensed appraisers. Business appraisers and personal property appraisers are not required to be licensed. However, all disciplines of appraisers with membership in appraisal associations such as the ASA (American Society of Appraisers) are required to meet minimum requirements in experience, professional training, testing and re-certification. They are also required to comply with USPAP (Uniform Standards of Professional Appraisal Practice).

Does the auction method mean I will get less for my assets?

Not necessarily! We live in an age of information. Modern auctioneers have vast resources and multi-media techniques to reach out globally to promote and advertise public auctions to end users in specific industries, brokers and dealers. Such publicity leads to a very competitive and spirited bidding environment that often results in the highest possible prices. However, occasionally circumstances beyond the control of auctioneers such as short time frame to promote an auction or remote sale sites can result in depressed pricing.

I can't attend a specific auction sale. Can I still bid?

Yes. We will accept your proxy bid provided you post the appropriate deposit with your bid. If you win the bid, your deposit is applied to the purchase. If your bid is unsuccessful, your deposit is returned.

When is asset brokerage or orderly liquidation beneficial over public auctions?

Time frame, quantity and quality of the assets to be sold play an important role in choosing the appropriate disposition method. The expenses associated with a public auction set-up, promotion and execution may not be cost effective for small numbers of assets, likewise, for a single or few high dollar assets. Sometimes facility restrictions for public access or lack of landlord cooperation limit the possibility of the on-site auction method. In such cases, ARI can bring the asset purchase opportunity to the buyer by a well planned and executed controlled liquidation/brokerage that can be handled off-site through a variety of techniques.

I'm not a seller but I'm looking to buy. Can you help me?

Our large database can match buyers and seller by industry. Submit your shopping list and we can find what you are looking for at a competitive price.

If you have any other questions, please call or email Asset Reliance, Inc., and we will do our best to provide you with any additional information you require.