American Society of Appraisers, Accredited Senior Appraiser
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Appraisals often call for more than one valuation concept, with proper planning before starting the assignment the concept(s) that best suit the situation and purpose can be determined. The following table is an example of the various value concepts and when they might be applied:

Need for Valuation

Concept of Value

Casualty Insurance Premiums or Losses

Fair Market Value (Possibly Replacement Cost)                  

Asset Sale for Continued Use

Fair Market Value in Place and in Use

Asset Sale to Another User Fair Market Value in Exchange

Asset Sale for Liquidation 

Orderly Liquidation Value (or Forced Liquidation)

Lease Buyout (True Lease)

Fair Market Value in Place and in Use

Sale Lease-Back

Fair Market Value in Place and in Use

Sale of Business 

Asset Fair Market Value (Tangible and Intangible)


Our expertise:
We have the experience and training to help in selecting the right valuation concept(s) to use in the appraisal process.  This choice can be the crucial factor in successfully presenting and defending a value.