Canam Appraiz

Canam was founded in 1986. Since then, we have grown to become a leading provider of auction, appraisal and liquidation services to banks, lenders, financial institutions and private companies. We distinguish ourselves from our competitors by our vast knowledge of every major industrial segment, our attention to detail and our commitment to providi... ng the best customer service in the auction and appraisal industry. Canam's head office and 20,000-square-foot indoor storage facility, and its two acres of secure outdoor space, are designed to facilitate large-scale auctions and liquidations. We continue to enhance our services by incorporating the latest in auction technologies and appraisal methods. Our auction marketing campaigns encompass both traditional media and online platforms. Mailing lists and various other social media marketing techniques are just some of the tools which we use to keep our clients up to date and informed. Canam employs a number of different sales models, from Outright Purchase or Cash Purchase and Net Minimum Guarantees to Straight Commission Sales, depending on the project and the specific requirements of each client. Due in no small part to our extensive pre-sale preparation and marketing efforts, auction revenues often exceed projections. How is Fair Value is Determined? Physical deterioration - An appraiser will review the piece of equipment, taking note of its physical condition. The old adage about never judging a book by its cover applies well to machinery appraisals. Even if the piece of equipment looks old and shows visible wear and tear, this is not necessarily an indication of low value. Appraisers will typically review maintenance records and serial numbers before making a value determination. Equipment that was well maintained, or has spare parts on hand in the warehouse, might therefore receive a higher value. Replacement cost - An appraiser might gauge how much it would cost to purchase equivalent equipment, and then deduct from this cost based on the condition of the ...Read More