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Archive for December, 2009

December 29, 2009 Location, Location, Location

One of the things an appraiser has to take into consideration when determining the value of a piece of equipment is its location. Each state is governed by its own set of laws that can affect the worth of a piece of machinery or equipment. Take California, for example, where Present Value has an office. [...]

December 24, 2009 Happy Holidays

Not many people are aware of it, but Santa wasn’t the original owner of the famous house and workshop at the North Pole. The original owner was his older brother, Gunther Claus, an alligator wrestler by trade who, for reasons unknown, decided he wanted to get into the toy-making business. Gunther’s problems were immediate and [...]

December 22, 2009 New USPAP Changes Effective January 1, 2010

As we discussed in a post in June, The Appraisal Foundation, a congressionally authorized non-profit organization that fosters professionalism among appraisers by setting qualifications and standards, announced that its Appraisal Standards Board (ASB) adopted revisions for the 2010-2011 edition of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP are the generally accepted performance and [...]

December 17, 2009 Tavern on the Green Auction

Earlier this year, Tavern on the Green, that iconic New York restaurant, announced that it is going to close its doors. Many who had a first date there, proposed there, or celebrated a special occasion there were saddened by the loss of this place full of memories. But other restaurant owners, or those sentimental ones [...]

December 15, 2009 Why Get a Real Estate Appraisal

Here’s a video from CNN on the importance of a real estate appraisal and things to look for in a certified appraiser. There’s also footage of an appraiser hard at work. http://www.youtube.com/watch?v=pmJVpYCC9ME Video summary: Buying a home can be the single biggest purchase of a person’s life. Appraisers are under frequent pressure to appraise a [...]

December 10, 2009 Present Value: More than an Appraisal Firm

Following up on our press release that went out on Tuesday, December 8, 2009, we’d like to focus a little bit more on some of the characteristics that make Present Value a unique full-service appraisal firm. While lenders and business owners have many choices when it comes to finding an appraisal company, at Present Value, [...]

December 8, 2009 Lenders Turn to Present Value LLC for Pre-Loan Due Diligence

Lenders got a wake-up call this year. When times were good, trust and a cursory background check were often enough to secure a deal between a lender and a client, but after getting hurt this year by clients defaulting on their loans, lenders are working hard to make sure that any risks they take are [...]

December 3, 2009 NAPA

The National Association of Professional Appraisers (NAPA) is an organization of appraisal experts who provide economic valuations of real, personal, and intangible property. NAPA members obtain certifications and advanced educational programs in the field of valuation. Present Value LLC is a proud affiliate of NAPA. NAPA follows the Uniform Standards of Professional Appraisal Practice (USPAP). [...]

December 1, 2009 Expansion Financing in a Down Economy

While the economy is showing signs of improvement, many small businesses are still finding it difficult to stay afloat. However, there are a number of businesses that have been able to not only survive, but succeed despite this economy. For companies like this, a down economy can be seen as a time for growth. A [...]