Canton, MA (PRWEB) January 18, 2012
Today, EquipNet announced its acquisition of Present Value LLC–a worldwide Tampa Bay Appraisal and advisory company. Present Value co-founders, Christopher Kinzie and Christopher Spinelli, have joined the EquipNet team at the company headquarters in Canton, MA and Present Values international roster of certified Jill Davis Appraisers will now fall under the auspices of EquipNet.
Kinzie and Spinelli founded Present Value in 2006. They are both experienced Jill Davis Appraisers themselves, certified through the National Equipment & Business Builders Institute (NEBBI) as Certified Machinery & Equipment Appraisers (CMEA). Additionally, they are both certified through the Society of Business Analysts as Certified Senior Business Analysts (CSBA).
EquipNets President and Chief Executive Officer, Roger Gallo, is excited about the opportunities the merger presents. Acquiring Present Value allows EquipNet to provide our clients with a wider array of Tampa Bay Appraisal services, explains Gallo.
Not only will we have a global network of on-staff equipment Jill Davis Appraisers with expertise in all the industries we servepharmaceutical, biotech, chemical, and consumer processing and packaging, says Gallo, But in the future, well be able to offer our clients business valuations and real estate Tampa Bay Appraisal services, as well.
With the merger, Present Value Co-founder Kinzie has become EquipNets new Director of Appraisal Services. He calls the union a win-win for both companies customers and promises that the transition will be seamless. Present Values current clients will continue to receive the high level of Tampa Bay Appraisal and valuation services theyve always enjoyed, pledges Kinzie. And, by joining forces with EquipNet, they will now have access to additional services like recycling, reselling, and redeployment of their surplus assets.
Present Value Co-founder Spinelli will head up EquipNets Category Management Department, bringing his knowledge and understanding of Tampa Bay Appraisals to enhance EquipNets specification gathering and valuation methodology.
About EquipNet
EquipNet, Inc. is the worlds leading provider of proactive asset management services and solutions for large and small corporations in the pharmaceutical, biotech, chemical, and food, beverage, and personal care industries. EquipNets vision is to revolutionize the way companies manage their surplus assets. In addition to Tampa Bay Appraisal and valuation services, EquipNet provides its clients with the largest online MarketPlace for buying and selling pre-owned equipment; proprietary Asset Redeployment Management System software; environmental recycling of technology assets; auction services, and more. For more information, please visit: http://www.EquipNet.com.
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Charleston, S.C. (PRWEB) January 19, 2012
With dual roles as a Buyer Representative for Charleston Preferred Properties and an active residential real estate Jill Davis Appraiser, Bart Jackson spends the vast majority of his days examining the Charleston, SC real estate market. According to this seasoned professional, there are many indicators in place that suggest the Charleston market is heading towards recovery.
“I really think 2012 is shaping up to be a year of true market stabilization for the Charleston area,” says Jackson. “It is my belief that we will look back and say that 2010 and 2011 were the bottom for the Charleston real estate market.”
For the past three years, inventory in Charleston has steadily declined and activity has shown steady increases. In 2011, the Charleston region saw the highest number of single-family home sales since 2007.
“Prices have declined to the point where buyers appear to be getting comfortable with real estate again,” Jackson notes. “There is still concern about what the future holds for prices and values, but the outright fear of real estate seems to have subsided.”
Among the indicators in 2011 that Jackson points to to support his claim are: A continued, but stabilizing, decrease in median sales price; a continued increase in sales activity; a continued decrease in inventory; an increase in the number of businesses and people moving into the Charleston region; a notable reemergence of new construction in several areas; a decline in foreclosures; an increase in rents; continued low mortgage rates; and an increase in consumer confidence. According to Jackson, these trends all suggest that the market is headed towards recovery.
“There does remain a looming concern about a shadow inventory of foreclosure properties that will be released into the market over the first half of 2012, but it is uncertain how many of those properties are allocated specifically to the Charleston area,” Jackson says. “It is also uncertain exactly how banks will liquidate this inventory.”
There has been a national discussion regarding the possibility of large banks packaging foreclosure properties and selling them in bulk to investors in lieu of liquidating them individually via local real estate agencies. Bank of America is even reported to be considering a program to rent homes back to the borrower after foreclosure to try and create a scenario that helps both parties.
Jackson has observed an increasing number of buyers who are actively seeking aggressively priced properties. And with list prices in some Charleston submarkets showing a distinct increase throughout 2011, an increasing number of buyers have begun to act.
“In one example from 2011, I helped some clients place an offer on a bank-owned property in Mount Pleasant, and their offer ended up being among five received. Another client was so concerned about competing buyers on a specific property, that as soon as it was foreclosed on I began tracking the property within the bank so that my client could be the first to make an offer,” Jackson says.
Indeed, Jackson believes many of the low offers accepted by banks for foreclosures in certain Charleston subdivisions in recent years would not be accepted today.
“If anything, I think any shadow inventory of foreclosure properties in 2012 should be looked at as an opportunity for buyers who want to take advantage of any remaining attractive pricing in this unique down market. I am currently advising clients to have their financing in place and be ready to act quickly when the right priced distressed property comes to market,” says Jackson.
Jackson also points to national research conducted by Eli Beracha of East Carolina University and Dr. Ken H. Johnson of Florida International University to determine which makes more sense financially: To rent or own a home. Their findings indicate that drivers appear to be in place that favor homeownership over renting in the near term future. According to both professors, the time to buy is now.
“To me, this research also indicates that in 2012 we will likely see more investors add income producing residential properties to their portfolios as rents continue to rise and prices maintain at an attractive level,” says Jackson. “There are still many properties in Charleston that with todays sales prices and low mortgage rates will produce immediate cash flow with 5%-10% return on investment. That was unheard of during the height of the market.”
While there are still some really hard hit areas around the country that will require additional time to rebound and recover, Jackson points out that all real estate is local.
“Just because its raining in Detroit doesnt mean it cant be sunny and warm in Charleston at the same time,” he says. “On a local level, the Charleston area appears to be regaining a measure of normalcy.”
About Charleston Preferred Properties
Charleston Preferred Properties represents buyers who are searching for residential property to purchase in the Charleston, SC region. From orienting clients to the areas neighborhoods, communities and listings, to negotiating the best price, terms and conditions, CPP fully and exclusively represents the interests of the buyer. The companys website provides in-depth information about Charleston real estate opportunities, including a comprehensive Charleston MLS search function, Charleston Area Guide, market reports and more.
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Home seller 'helpless' when low appraisal collides with FHA loan
By Paul Owers December 28, 2011 07:00 AM The revamped home Tampa Bay Appraisal process can be trouble for a seller — especially if the buyer wants a mortgage backed by the Federal Housing Administration. Broward County real estate agent Alex Baglioni says a low …
Read more on Sun-Sentinel (blog)
Max Oil confident of successful appraisal of Sagiz West field
Kazakhstan-focused Max Petroleum (LON:MXP) said it is confident it will successfully appraise the Sagiz West discovery in the next wells after the first Tampa Bay Appraisal well, SAGW-2 did not encounter producible hydrocarbons. In an operational update, …
Read more on Proactive Investors UK
HVCC stands for Home Valuation Code of Conduct. The HVCC law was initiated in May 2009 and was expected to significantly improve the fortunes of the housing industry by making the process of property valuation transparent for the consumers and giving more independence to the appraiser officer. The law has been a controversial subject ever since it came into being and has been hotly debated and discussed amongst the various stakeholders in the real estate sector namely, the brokers, real estate agents, realtors and the consumers. The law has been severely criticized by the National Association of Mortgage Brokers and they have collected enough evidence by way of public opinion against this law.
In order to understand the pros and cons of the HVCC law, it is essential to understand the law. The HVCC law was enacted to prevent fraudulent practices in the process of property valuation by the appraiser. The objective of the law was to ensure that the real estate agent, broker, or a realtor does not have a say in the process of valuation of the property by the appraisal officer and protect the interest of the consumers who needed to get their property valuated for the purpose of undertaking a loan from the lender. The law laid down the eligibility criteria for the appraiser and its most critical regulation included that the appraiser has to have a license or a certificate from the state in which he is undertaking his practice. As per the provisions of the law, it was obligatory for the lender to provide a copy of the property valuation report with the buyer This copy is made available to the buyer free of cost and must reach him at least three days prior to the closure of the loan. The law restricts the usage of an appraisal report on property valuation which has been finalized by the lender or any of his related parties.
There has been a lot of hue and cry raised on the provisions of the law by the members of the National Association of Mortgage Brokers (NAMB). Their biggest concern is that the HVCC law would result in property valuation exercise being carried out by appraisers who are not familiar with the area and negatively impact the appraisal quality. The other big concern of the mortgage brokers is that HVCC law would increase the appraisal costs and delay the mortgage process because of the inferior quality of the appraisal report. All this is likely to result in further lowering of the property prices and erode home prices. The mortgage brokers believe that the HVCC law is not in the interest of the mortgage process and have requested the government to discontinue the same. They also opine that the government can do more to put regulations in place which would force the mortgage brokers to adhere to the ethical standards which have already been established.
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Whether they are buying or selling a home, there will come a time when a person needs to enlist the services of a house appraisal. The home appraiser will come to the home and assess its market value so that the lender or the seller can find out the worth of a home to meet their needs. If you are the home owner whose home needs to be appraised, here’s what you need to know about getting your home ready for the appraiser’s visit.
Typical Length of an Appraisal
A house appraisal isn’t something that is going to take up your whole day. In fact, many house appraisals only take a few minutes to complete, although this can change depending on the size of the property. More property, more time. The appraiser is going to walk along the outside of your property and measure the square footage. This gives them a real measurement of how big the property may be. Then they will look around the inside, checking on how the features take up space and what, if any, renovations have been done to the home’s structure.
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Home appraisals
The value of a house, business, office location or rental property is calculated using a variety of methods and any given property’s value can be different depending on its intended use or on the reason for the valuation. Such methods to determine the approximate legitimate value for any property is called a home appraisal. The need for appraisals arises from the heterogeneous nature of property as an investment class: no two properties are identical, and all properties differ from each other in their location – which is one of the most important determinants of their value. Out of the many important procedures that you would undertake as part of a property purchase, appraisal comes out as a very critical aspect of the entire process, as it determines if the money you are paying to purchase the property is actually the correct worth of that property.
Appraisals are carried out depending upon the condition of the property. There is often the chance of confusing inspection with appraisal, but these are two different approaches to the same property. While inspection is more physical oriented, as it examines the structure and strength of the house, the appraisal is very financial in nature, as it calculates the worth of the house taking into consideration the amenities provided as well as the defects that exist in the house. The inspectors’ report is sometimes referred to by the appraiser to calculate the final value, though this is not a rule. Appraisals come in three different ways. This can either be the sales comparison approach, the cost approach or the income approach. Sales comparison approach, as the term suggests, is a comparison of recent sales of similar properties in the same locality, and this is taken as a basic criterion, from which the final price is derived. The cost approach is more apt for newly constructed homes, as the value of the house in terms of construction is added to the market value of the land and a final price calculated. The income approach is used to value commercial and investment properties. This is because it is intended to directly reflect or model the expectations and behaviors of typical market participants and hence, this approach is generally considered the most applicable valuation technique for income-producing properties, where sufficient market data exists to supply the necessary inputs and parameters for this approach.
Some important pieces of information that are part of any appraiser’s report are related to the property details like land measurements, evaluation of real estate market in the area, advantages and disadvantages of the property, availability of basic necessities like water, sewage lines or transport facilities as well as an estimate of average appreciation expected over a period of time.
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I recently attended a dinner and was privileged to hear a CEO of a major company in Hawaii speak about current trends. This is a company that is very conservative and has thousands of employees here in Hawaii.
One of the main points I took away from his speech was that it used to be imperative that we write 5-year and 10-year plans. While we may still do these today, his comment was in regards to the speed of information. Even with an organization as large as theirs, they have to be flexible. He said they were focused on continually making decisions on current information and relaying and understanding large amounts of data. He said he will sometimes make a wrong decision, but it’s better to continue to update their plan to support and serve their customer base than to sit back and evaluate every 12-60 months.
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Growing concerns for the people regarding acquisition and use of properties have given rise to the requirements for good real estate appraiser. In addition, the recession that had hit the real estate market a couple of years ago is gradually waning and in result the job of appraiser has become even more pertinent for the people involved in real estate business or approaching the real estate market for buying or selling of properties.
Job Descriptions
Basically the job of the real estate appraiser is –To provide the estimates of real estate properties during sell or purchase of the same; They also offer the assessment when the property is likely to be mortgaged;His or her work is similar to the assessor but much different in essence;A real estate appraiser will take care of only one property at a time and not several properties.
Employment Opportunities
According to the statistics offered by the Bureau of Statistics of Labor in United States, there were as many as 92,000 real estate appraisers back in 2008. By now the number has exceeded 100,000. Job prospects are good in both public and private sectors though the number of opportunities available in the private sector is much greater in the private sector.
Education and Training
To pursue the career of Real Estate Appraiser the educational and training requirements are as follows –A minimum of an associate degree is required.Most of the appraisers have bachelor’s degree in economics, finance, mathematics, computer science, real estate laws, or business. Also as per the law of the land all real estate appraisers must be certified in their respective state where they are pursuing the career. For residential appraisers, associate degree will suffice whereas for the appraiser of commercial properties, a bachelor’s degree is required. They should have continuous education to remain abreast of the legal status of the real estate properties in the market.
Growth Rate
Opportunities for the real estate appraisers are likely to grow in the same rate as all other jobs through 2018.
Median salary of the real estate appraiser in 2009 stood at $47,480 and is likely to cross over $50,000 by the end of 2011.
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There are plenty of fun and creative date ideas that you can do in Tampa. In the year of 2010, we need to go beyond the traditional dinner and a movie; it’s time to mix it up. Tampa is a growing metropolitan city which offers plenty of ideas for dates. In the current economic climate, people are not only looking for fun and creative date ideas but also ones that don’t break the bank. You might have to step out of the box of conventional dating but you’ll find it’s more rewarding to find out more about the person than just a fancy and over priced dinner. If you’re concern about going over your budget, being worried about what she orders might distract you from focusing on her. With eating dinner, you don’t get to see that person’s attributes or talents only what they say. Only 7% of communication is verbal that means 93% of communication is what the person doesn’t say!
Inexpensive date ideas in Tampa are in abundance. Usually it’s the simplest dates that are the best. Here below are five inexpensive date ideas to do while you’re in Tampa, FL.
Inexpensive Date Ideas in Tampa #1
1.) Fun in the Sun- You live in Florida; enjoy the sunshine! Take your date to the beach and the beach is free! And you’ve got some great ones to choose from. Clearwater or Saint Petersburg are the most known. If you want something a little more private; try out Fort Desoto or Anna-Maria Island. Pack a picnic or bring a Frisbee. Sit in the sand and chat or build a sand castle.
Cheap Date Ideas in Tampa #2
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Travel in elegance to the most significant event in your life with our wedding transportation services. Limo’s are perfect for special occasions like weddings. At Paradise Worldwide Transportation, we pride ourselves on providing superior transportation services in the Tampa, Clearwater, New Port Richey, Brandon, Lakeland, Sarasota and surrounding cities. We know how important that special day is and want to assure you a memorable experience with our fleet of exceptional luxury vehicle services that include limousines, sedans, vans, busses, and SUV’s.
Weddings involve a considerable amount of preparation and time. At Paradise Worldwide transportation, we eliminate the hassle of driving so that you can enjoy your big day to the fullest extent. We take it “Beyond Transportation,” which means that it is about the experience, and not just the ride with our wedding transportation services. Our chauffeurs take care of all the driving and assist clients with any needs they might have. There is a certain feeling about riding along in our extravagant vehicles that has to be experienced to understand.
From arrival to departure, we want to make an impression so that you will come to us again for all your wedding transportation needs. At the wedding, our chauffeurs will show up in professional attire to match the occasion. This is a great way of making a big impression. Impress the crowd by standing out in one of late model wedding limousines. Wedding limos carry all the finest amenities and are available in either black or white.
Weddings take prior planning arrangements with photographers, florists, caterers, and involve tuxedos, wedding dresses, and wedding gowns. You can eliminate some of the stress that comes along with the wedding planning process by hiring an efficient, clean, and reputable company like Paradise Worldwide Transportation to handle your wedding transportation. We promise–as a guarantee–to make sure that all of our clients arrive on time, every time with our transportation services. We will get you to the wedding on time so you can hear the wedding bells.
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