What to Know Before Getting an Equipment Appraisal

Before selling an asset in your fleet, you might want to get a construction equipment appraisal to establish its value. This consists of an in-person inspection of the equipment by a qualified professional and an assessment of its condition against a variety of factors. According to Ritchie Bros., a global asset management and disposition company that provides end-to-end solutions for buying and selling used equipment, a thorough construction equipment appraisal evaluates:·       Make·       Type·       Age·       Condition·       Activity·       Location·       Industry·       Economic factors·       Regional variations·       Technological changes·       Equipment owner’s reputationEven if you’ve had a heavy-equipment appraisal in the past, what you may not know is that