About Rhett Crites, CMEA
One appraiser, working on heavy equipment and nothing else since 2009.
The appraiser behind Texas Equipment Appraisal looks at the equipment or the records on it, researches the market, then writes the report and is the one who answers for the number in it. Every Texas Equipment Appraisal report is that one person’s work from the first look at the equipment list to the finished document.
- USPAP-compliant
- IRS-Qualified
- Rated 5.0 on Google
Credentials you can check
CMEA
The Certified Machinery and Equipment Appraiser designation is issued by NEBB Institute. Its code of ethics makes the appraiser an advocate of the appraisal alone, never of a client.
CAGA
Membership in the Certified Appraisers Guild of America is a second credential, held separately from the first.
USPAP
Every report is written to the Uniform Standards of Professional Appraisal Practice, the standard a lender, a court or the IRS expects an appraisal to meet.
IRS-Qualified
The IRS sets a definition of a qualified appraiser for tax filings, and the appraiser meets it.
What Texas Equipment Appraisal has appraised, and for whom
Files from one machine to fleets of more than 400.
- Loan collateral for SBA lenders, banks and credit unions, reported at fair market value and at orderly liquidation value.
- Insurance losses for carriers and adjusters, reported at actual cash value and salvage value, in settlements and in litigation.
- Equipment donated to charity and reported to the IRS on Form 8283.
- Partner buyouts and business sales.
- Reports for state contractor prequalification.
- Workouts and restructurings, a field in which the appraiser is active through the Turnaround Management Association.
In Texas that work covers construction fleets, oilfield equipment, farm machinery, port and yard equipment, trucks and trailers, and shop machinery.
Work Texas Equipment Appraisal turns down
Each of these costs paying work. Each is also what makes a report hold when someone tests it.
A value named in advance
When a client says what the number has to be before the work starts, the job ends there. The standards bar an assignment with the answer set ahead of time, high or low.
A fee tied to the value
A quote rests on the scope, the count of machines, the level of inspection and the deadline. It never rests on the conclusion.
A desktop report where an inspection is needed
Where condition drives the value and nothing on file documents it, the equipment gets inspected or the file is declined.
Anything that is not heavy equipment
No real estate, no aircraft, no livestock and no fine art. A file outside heavy equipment is declined.
Equipment in Texas that needs a value?
Four questions about the equipment. Same day quotes, by email.