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The Pros and Cons of a Desktop Appraisal

June 18, 2014

NEBBI desktopIn a perfect world, a certified machinery and equipment appraiser shows up at a business or job site, performs an appraisal with no snags or hiccups, and delivers a detailed and USPAP-compliant report to the client.

In the real world, however, there are so many variables that an appraisal almost always has a curveball or two thrown in to keep things interesting. An appraiser can get stuck in unexpected traffic. A job site can get hit with bad and even dangerous weather. A piece of machinery that worked perfectly the day before and the day after an appraisal can choose the day of the appraisal to function poorly or not at all.

That’s why, as an alternative to on-site machinery and equipment appraisal, there’s a desktop appraisal. In a desktop appraisal, the client sends all the relevant information and photos of the equipment to the appraiser, which serve as the basis for the report. In essence, it’s an on-site inspection without the appraiser needing to be on-site.

There are, of course, disadvantages to desktop appraisals. The appraiser is used to seeing the machinery first-hand and in action. Pictures can’t really re-create that. Also, the photos the clients takes might not be ones that the appraiser would take, or they could be blurry, too dark, or otherwise unusable. Also, relevant information about the equipment might occur to the client in person, but not in the write-up.

Still, desktop appraisals have their useful applications, and an experienced CMEA should be able to do one just as well as an on-site.

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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