Type of valuation requested: CLICK RADIO BUTTON APPLICABLE
Fair Market Value (FMV): The most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby: (1) buyer and seller are typically motivated; (2) both parties are well informed or well advised, and acting in what they consider their best interests; (3) a reasonable time is allowed for exposure in the open market; (4) payment is made in terms of cash in United States dollars or in terms of financial arrangements comparable thereto; and (5) the price represents the normal consideration for the property sold unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.
Fair Market Value in Place (not in use): Is the Fair Market Value of the item installed, not in operation, but capable of being used.
Forced Liquidation Value (quick sale): The estimated gross dollar amount which could be typically realized at a properly advertised and conducted public auction held under forced sale conditions, with a sense of immediacy and under present day economic conditions.
Orderly Liquidation Value: The amount of gross proceeds which could be expected from the sale of the appraised assets, held under orderly sale conditions, given a reasonable period of time in which to find a purchaser(s) considering a completed sale of all assets, "as is and where is," with the buyer assuming all costs of removal, with all sales made free and clear of all liens and encumbrances, with the seller acting under compulsion.
Liquidation Value in Place: An amount of money which is projected to be obtainable, considering the present marketplace, assuming that the entire facility would be sold intact ("bulk sale"), along with all related equipment necessary to make it viable. It further considers the FMV, as normally defined, could not be obtained due to restrictions of time and probable conditions of the business under forced sale conditions.