Gym Appraisal Top Blog Articles

How to get an accurate “real market value” Health Club appraisal.

http://gymappraiser.blogspot.com/2011/07/how-to-get-accurate-real-market-value.html

How To Sell Your Health Club Business.

http://gymappraiser.blogspot.com/2011/07/how-to-sell-your-health-club-business.html

What Factors Determine A Fitness Center Appraisal?

http://gymappraiser.blogspot.com/2011/07/what-factors-determine-fitness-center.html

Gym Appraisal Pricing.

http://gymappraiser.blogspot.com/2011/07/gym-appraisal-pricing.html

Gym Owners Lose Money Without A Professional Gym Appraisal.

http://gymappraiser.blogspot.com/2011/07/gym-owners-lose-money-without.html

What Is A Gym Appraisal High Blue Book Value?

http://gymappraiser.blogspot.com/2011/08/what-is-gym-appraisal-high-blue-book.html

 

What Is Needed To Get Your Appraisal Started?

http://gymappraiser.blogspot.com/2011/07/what-is-needed-to-get-your-appraisal.html

Need Form 8283 IRS Donations For Gym Fitness Equipment.

http://gymappraiser.blogspot.com/2011/08/i-need-form-8283-irs-donations-for-gym.html

What Is A Low Blue Book Gym Equipment Value?

http://gymappraiser.blogspot.com/2011/08/what-is-low-blue-book-gym-equipment.html

I Need Form 8283 IRS Donations For Gym Fitness Equipment

Gym Appraiser / Steve Paterson, is a qualified appraiser to satisfy the IRS 8283 Form in America for Gym / Fitness equipment donations.

Get IRS Form 8283 Noncash Charitable Contributions. 

Gym appraiser completes IRS Form 8283 for your gym equipment donation to charity.

If you donate fitness equipment to a Charity with a value over $500 then the IRS requires a completed 8283 form attached to your tax return to make it a legitimate tax deduction.

Read the instructions below that come directly from the IRS website as to who is qualified and why.  Get your 8283 IRS Form completed by a professional so the deduction is legitimate. 

 Instructions for Form 8283 by Department of the Treasury IRS. Page #6, Part III, Declaration of Appraiser. 

A qualified appraiser is an individual who meets all the following requirements.

1. b. The individual has met certain minimum education and

        experience requirements.

2.     The individual regularly prepares appraisals for which  

        he is paid.

3.     The individual demonstrates verifiable education and

    experience in valuing the type of property being appraised.  To do this the appraiser can make a declaration that, because of his background, experience, education, and membership in professional associations, he is qualified to make appraisals of the type of property being valued.  The declaration must be part of the appraisal.

In addition the appraiser must complete Part III of Form 8283. See section 170(f)(11)(E), Notice 2006-96, and regulations section 1.170A-13(c)(5) for details.
Get pricing / cost  to get your 8283 appraisal and documentation completed to meet IRS requirements.

Gym fitness equipment appraisal

What Is A Low Blue Book Gym Equipment Value

When the gym appraiser puts a low blue book value on a gym business it is based on real current values that have sold.  It has nothing to do with a percentage of the new selling price.

The low blue book value is what a used fitness equipment broker will pay for it.  Haul it back to his business facility to be refurbished and resold to the next user.

This is about the same as a trade-in at the car dealership.  The real value is added after the fitness equipment is moved,  inventoried, refurbished and repaired like new.  And then marketed and advertised to find the next retail buyer.

This is the value a bank wants to see when a Gym owner is not making payments and will get shut down.  This is also the value a gym operator wants to see when he is buying brand new gym equipment and wants a trade-in value.

Gym equipment appraisal  

What Is A Gym Appraisal High Blue Book Value

The high blue book value is what the current fitness equipment is worth to the next business owner in the current location it is in today.

This is the fair market value to the next user / owner in the present condition it is in today.  Before any maintenance or refurbishing is implemented.  When the gym business owner is selling to the new gym business buyer this is the value that needs to be negotiated.

get a gym equipment asset appraisal

Fitness equipment appraisal