McGinty first identifies the assets to be appraised. This would be in a variety of industries including, but not limited to: Aircraft and Aviation, Manufacturing, Marinas and Equipment, Communications, Pharmaceuticals, Medical, Hospitals, Transportation, Construction, Trucking, Technology, Computers, Software, etc. The purpose and scope of the Certified Appraisal will be initially determined through an equipment list, and/or a depreciation schedule.

ENGAGEMENT
A McGinty Certified Appraiser will present an engagement letter outlining the appraisal, the stated purpose, the valuation date, the subjects to be appraised, as well as the fee for the requested appraisal.

McGinty will determine the valuation approach to be used; Fair Market Value in Place, Fair Market Value, Orderly Liquidation, Forced Liquidation Value, and/or Salvage (Scrap) Value. This could be On-Site Inspection or Desktop. The fee is based on the type of appraisal that will be performed, the quantity and types of equipment, and the extensiveness of the assignment request.

The assignment begins once all data is collected and the executed engagement letter along with the appraisal payment is received.

APPRAISAL
McGinty Certified Appraisers will proceed by categorizing the appraisal utilizing methodologies such as Cost - Less Depreciation, Market Data Analysis, and/or Income Approach to complete the USPAP Compliant Appraisal and subsequently determine the values.

Reporting
McGinty Appraisals will submit a comprehensive and detailed Appraisal Report documenting accurate and descriptive information including photographs, model numbers, serial numbers, and other descriptive data needed to ensure the accuracy of your appraisal. A McGinty Appraisal is always Accurate, Impartial, Certified, Defensible, and In Line with the standards set forth by USPAP.

You will receive a professional, bound Appraisal Report, delivered to You or your Authorized Agent via Fed Ex Priority.

The Links below further clarify the importance and
necessity of Appraisals