WHO ARE WE?
Darryn Brick Appraisals is a company of Appraisers to the Master of the High Court specialising in the Appraisal of moveable and immoveable assets.
WHAT WE DO?
We specialise in the Appraisal of moveable & immoveable assets relating to a variety of matters from Deceased Estates to Divorce Matters as well as the completion of all relevant SARS Revenue Forms.
APPRAISERS TO THE MASTER OF THE HIGH COURT
OUR PRACTICE AREAS
Our Appraisals are completed on a SARS Revenue 246 form and accompanied with a fully motivated appraisal report. All appraisal reports come with an Appraisal certificate and is compliant to the requirements of the Master of the High Court. Appraisals are required in matters relating to Deceased Estates and Estates with Minors. We conduct appraisals on both moveable (antiques,collectibles,vehicles ,art , jewellery, machinery and more) and immoveable (property) assets. Our Appraisal fees are based on current legislated tariffs as prescribed in terms of Section 103 of the Administration of Estates Act 1965 along with all amendments.
The purpose of these Appraisals is to assist and advise creditors, trustees, curators, administrators and liquidators in obtaining fair market value of the businesses and assets contained within these businesses. This is done so that all stakeholders have an accurate indication of an open market valuation at current market values in a willing seller and willing buyer environment. Our Appraisal fees are based on current legislated tariffs as prescribed in terms of Section 103 of the Administration of Estates Act 1965 along with all amendments.
We assist attorneys in helping their clients achieve a fair value for their assets in the Divorce process. All Appraisals are conducted to obtain a fair open market valuation in a willing seller and willing buyer environment. Our Appraisal fees are based on current legislated tariffs as prescribed in terms of Section 103 of the Administration of Estates Act 1965 along with all amendments.
We Appraise businesses to obtain a fair market value using a number of Appraisal methods. The purposes for this type of appraisal include: liquidation, selling the business and deceased estates. Our Appraisal fees are based on current legislated tariffs as prescribed in terms of Section 103 of the Administration of Estates Act 1965 along with all amendments.
Comparative Market Analysis
A Comparative Market Analysis analyses the sales of comparable properties and market-related data and establishes an estimated value by comparing the property and sales information. This method has been held as the most reliable and accepted by South African courts.
The Income Capitalisation Approach is a comparative valuation approach that considers the income and expense data relating to the property being valued and derives a value through a capitalisation process. Information such as rental rates, expense ratios, yields, capitalisation rates, leases and risk are carefully scrutinised ensuring a valuation is derived from the capitalised nett income.
Depreciated Replacement Cost
This method calculates the current cost of replacing an asset with the current asset equivalent less relevant deductions based on physical deterioration, obsolescence and other factors which may influence the outcome of the present value of the asset. This is appropriate when very little to no information is available relating to the asset or asset class being appraised / valued.
The Residual Approach refers to the estimated amount that an entity would currently obtain from the disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life. This method is widely used by developers to determine the value or bid amount for a tract of land with development potential.
The Profits Approach is also sometimes referred to as the accounting method. This approach states that the rental amounts and capital values of assets are usually influenced by the potential to generate profit. Therefore, profits can be used as a basis to determine the value of a property.
LET’S WORK TOGETHER
We work as a single united team with all of our professional partners treating all Appraisal Matters with equal importance.