Frequently Asked Questions


Prior to entering into an appraisal, Clients often have many questions.  Here are a few of the most common.


What do you appraise?

We limit our practice to the appraisal of machinery, equipment and inventories.


Why would I need an appraisal?

There are many reasons why someone may need an appraisal of machinery and equipment.  Among the more common uses are:


  • You may be buying or selling a company
  • You are party to a business combination
  • A shareholder or partner desires to be bought out
  • You are offering the machinery and equipment as collateral for financing
  • You are a lending institution and you need to make sure you are not over advancing on collateral or you need to examine a liquidation scenario
  • You are an equipment leasing company and need to know the value of the equipment for residual determination or residual negotiation
  • You are party to a matrimonial issue involving machinery and equipment


How do you determine the value of the assets?

Determining values is not always clear cut.  While there is a great deal of information on the Internet, there is also a great deal of misinformation on the Internet.  What do you believe?  We go beyond the Internet and interview industry experts including, but not limited to, equipment dealers and manufacturers so that you can gain comfort with our results.


How much will an appraisal cost?

Appraisal cost depends on many factors including but not limited to:


  • Number of pieces of equipment or machinery to be appraised
  • The Client’s deadline for completion
  • The length of time it will take to inventory the equipment
  • The length of time it will take to research the equipment


Do you perform “desktop” appraisals?

Yes we do, but we like to remind our clients that “desktop” appraisals (appraisals where the appraiser has not viewed the equipment in question) should be used with an abundance of caution.  The reason this is so is that since the appraiser has not seen the equipment, the appraiser is relying upon the Client or the subject company to furnish information including but not limited to condition, make, model, serial number and date of manufacture.  The appraiser than bases the value on this provided information.  If this information is incorrect in any way, the value could be inaccurate.


I need an appraisal.  How do I get started?

Call Bill Engel at 716-689-9350 or email him at  You may also complete the short "Contact" form on this site.