How does a desktop appraisal work?

A desktop equipment appraisal is a formal, USPAP-compliant valuation completed remotely, without an on-site inspection, using documentation, photos, and specifications you provide in place of a physical site visit.

How the Process Works

The appraisal follows these core steps:

Scope and purpose are defined. Our team confirms the intended use (financing, insurance, tax, litigation, buy/sell, etc.), the standard of value needed (typically fair market value), and the effective date.
You submit equipment data. Because there is no site visit, the quality of your documentation drives the appraisal. We collect make, model, serial number, year, condition, usage hours, maintenance history, and photographs from multiple angles.
Our appraisers verify and research. We reconcile your data against manufacturer specifications, auction records, and secondary market comparables. Any gaps or inconsistencies are flagged and clarified before the analysis proceeds.
Valuation approaches are applied. Depending on the asset type and intended use, we apply the market approach, cost approach, or income approach, consistent with USPAP standards and ASA methodology.
A written report is delivered. The report documents the scope of work, data sources, valuation methodology, limiting conditions (including that condition was assessed from photos and client representations), and the concluded value opinion.

The inspection method does not affect USPAP compliance. What determines compliance is how the appraisal is developed and reported, not whether an appraiser set foot on-site. A well-supported desktop report meets the same professional standard as a field appraisal.

For details on turnaround times, see how long a desktop valuation takes, or get pricing to start your appraisal.