Accurate Paid Appraisals
The Appraisal Process
One of our trained and experienced appraisal inspectors will visit your site to conduct a thorough physical inspection of your equipment. We will take photographs and also record and verify:
- An exact description of each item, including year, make and model
- The serial number or vehicle identification number
- The hour meter or odometer reading
- Additional features, attachments and upgrades that enhance the value of the unit
- The condition of each unit
- The undercarriage or tire condition
- Any owner's identification number
Analysis and assessment
Information that is collected during the physical inspection is input directly into our proprietary field asset management system. This information can then be compared to global auction results and other market data. Working independently, several regional field representatives and senior valuation analysts each assign a current global market value to every item.
We don't give you one person's opinion: we incorporate the valuations prepared by your team of qualified valuation analysts and regional representatives. Many of our field staff have specialized knowledge about particular markets or industries; if the appraisal includes specialized equipment, we will also have one of these people evaluate the assets. This method ensures that the final value reflects the true global market value of the equipment.
Following the completion of the appraisal, you will receive a detailed, coil-bound inspection report: yours to keep. You'll not only know exactly what you own – you'll know what it's worth in the global market. Contact our paid appraisal division for rates and an accurate appraisal today.
And if you decide to sell, we can put you in touch with your local Ritchie Bros. representative for a confidential, no obligation discussion of your selling options and the range of flexible contract options we offer.