At one time or another, almost everyone needs an appraisal for a real estate or mortgage transaction. However, there are many other reasons for obtaining an estimate of value. In today's complicated market, sometimes even the simplest transaction requires an opinion of value from an experienced professional. Shenehon Company's Real Estate and Business Valuation Departments routinely appraise commercial interests, multi-family properties, industrial and special use properties, development projects, hotels, restaurants, hospitals, factories and the like throughout the United States.

In addition, we also provide analyses for: operating and holding companies; partnership interests and shareholder disputes. Assignments have included valuations for estate and gift tax purposes, allocations of purchase price, ESOP planning, franchise rights, business damages, patent and royalty rights, and the valuation of asset and portfolio holdings.

Within both the real estate and business valuation departments, Shenehon Company specializes in appraisals which require the highest level of experience - those which are tested in the courts of law, and face intense scrutiny before, during and after litigation. We also provide consultation for valuations which will be submitted for: tax purposes and tax filings being challenged by the IRS; property tax appeals; condemnation appeals; business damages and loss; shareholder disputes; marital dissolutions; initial public offerings and reorganizations.

Reasons for Obtaining a Real Estate Appraisal

An appraisal of real estate is the valuation of the rights of ownership. You may require an appraisal for any of these situations:

Asset and depreciation studies Bankruptcy proceedings Charitable donations Condemnation and inverse condemnation Construction defects Contamination and nuisance impact studies Death and taxes Dissolution of marriage Dissolution or transfer of partnership or corporate real estate Easement valuations for utilities, access, view, railroads, and communications Estate planning Feasibility studies General or limited partnership interests

Highest and best use studies Insurance indemnification Internal management decision Investment counseling Land development cost studies Lease and rental anaylses Mortgage financing Municipal redevelopment studies Potential sales and purchases Railroad and communication right-of-way Real estate tax assessments Special assessment appeals Special purpose real estate

Reasons for Obtaining a Business Valuation

Valuations may be required (for tax, investment, development and other reasons) or they may be requested because the parties involved wish to identify value. Common reasons for obtaining a business valuation are:

Allocation of purchase price Bankruptcy proceedings Bonding capacity Breach of contract claims Breach of warranty Buy-Sell agreement Charitable donations Compensation analyses or personal injury Condemnation and inverse condemnation Death and taxes Deceptive and unfair trade practices Dissenting stockholders actions Dissolution of marriage Diversion of corporate activities Enforcement of covenants not to compete ESOP/ESOT Establishment of Family Limited Partnerships Estate planning and gifting Estimates of punitive damages Financial fraud and misrepresentation Financing

Going public (IPO's) or private Impact of nuisance businesses (dumps, salvage yards, gas stations, X-rated business) Internal management decisions Key man valuation issues Loss of business opportunity Loss or theft of customer lists or trade secrets Lost profits or future earnings Marketability and minority discounts Matters of corporate divorce, i.e., dissolution of corporations, partnerships, withdrawal of shareholders and force-outs (including employment discrimination and ADA claims) Partnership disputes Price fixing or anti-trust matters Sales or purchases Strategic acquisition Valuation of intellectual property Wrongful franchise termination