APPRAISALS

APPROACH

At Verus Valuations, we take pride in always delivering accurate, consistent and timely appraisal reports – and use the following approach for every assignment:

Approach-Article01

STEP 1. IDENTIFY & UNDERSTAND

This means we review the scope of each appraisal with you to make sure the reporting addresses each user’s requirements.  By doing this, we’re able to determine which assets require an on-site appraisal and which (if any) may be assessed using a desktop appraisal methodology. This way, we can provide the best solution to meet your appraisal needs.

COLLECT & ANALYZE

STEP 2. COLLECT & ANALYZE

Next, we gather all the relevant facts and data about the equipment through a systematic approach that includes asset and equipment characteristics – such as the manufacturer, model, serial number / vehicle identification number (VIN) and hours / miles.  From this, we determine the appropriate types and methods of valuation to provide you with the most accurate and credible values.

VALUATE & REPORT

STEP 3. VALUATE & REPORT

Using the selected valuation approach, we conduct extensive market research and use our industry knowledge and experience to provide an accurate valuation of the equipment.  Upon validation by our senior appraisers, you will receive a reliable, detailed, well-organized and USPAP (Uniform Standards of Professional Appraisal Practice) compliant appraisal report in the format of your choice.

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