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Adding Machinery and Equipment Appraisals to Real Estate Appraisals

March 21, 2012

While the real estate market is showing some signs of life, a full recovery is still a ways off, and real estate appraisers are feeling the pinch. It’s always a danger when you put all your eggs in one basket, so some real estate appraisers have expanded their service offerings by obtaining a CMEA designation from NEBB Institute so they can add machinery and equipment appraisal to their service offerings.

As we stated in last week’s blog, “Train to Become a CMEA with the NEBB Institute,” a trained and licensed CMEA can offer business valuations, certified machinery and equipment appraisals, and asset verification services. One reason for the demand in this sector of appraising is that lenders need to ensure that their business investments are sound and that they can recoup their money should a client default on a loan.

By obtaining a certified machinery and equipment appraisal, lenders can make better, more informed lending decisions by evaluating the equipment a loan recipient wants to buy or ensuring that a business’s machinery and equipment can be held up for collateral. An appraiser who focuses solely on real estate appraisal can’t provide this service, but a real estate appraiser who is also a CMEA can

The NEBB Institute endorses and strives to observe the highest standards of professional ethics to preserve the public trust inherent in the professional appraisal practice. The Institute provides initial and monthly comprehensive education, ongoing support, and a dynamic international network, and certifies professionals in the art of machinery/equipment appraisal and brokerage.

By: NEBB Institute

 

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