Fair Market Value (FMV)
What Is Fair Market Value? Fair market value (FMV) is the price a product would sell for on the open market assuming that both buyer and seller are reasonably knowledgeable about the asset, are behaving in their own best interests, are free of undue pressure, and are given a reasonable time period for completing the transaction.
Forced Liquidation Value (FLV)
What Is Liquidation Value? Forced Liquidation value is the net value of a company’s physical assets if it were to go out of business and the assets sold. The liquidation value is the value of company real estate, fixtures, equipment, and inventory. Intangible assets are excluded from a company’s liquidation value.
In-Place Value
What Is In-Place Value? A branch of Fair Market Value, which is the gross dollar amount to be realized between a willing buyer and a willing seller, in the open market, assuming neither party is under compulsion to buy or sell and both are fully aware of all relevant facts such as installed equipment, current inventory and leasehold improvements.
Orderly Liquidation Value
What Is Orderly Liquidation Value? An opinion of the expected gross dollar amount to be realized at an orderly negotiated sale, held within a reasonable time period as of the date of the appraisal. Orderly Liquidation sales have a marketing period, where the value of a group of assets that could be realized in a liquidation sale and given a reasonable period of time to find a purchaser.
New Replacement Value
What is Replacement Value? An opinion of the amount it would cost, F.0.B. the new manufacturer’s plant, to purchase a new item of like quality and specifications in the open marketplace and have it installed/assembled for use. When such an item is unavailable in the marketplace, our experienced appraisers use their best judgment in estimating a value as of the date of the appraisal.
Auction Value
What Is Auction Value? A branch of Forced Liquidation Value (FLV), An Expert opinion of the expected gross dollar amount to be realized at a professionally conducted and promoted public auction sale as of the date of the appraisal. Our Appraisers have access to historical sales databases which can help determine a estimated gross recovery in an auction setting.
