The Iron Guides® Official Guide™ is the industry standard, providing lenders with the most robust valuation possible.
Now more than ever, there is a growing need for better tools and data to help with the management of the hundreds of millions of dollars in assets in the market. In response, Iron Guides is developing the next generation of web-based appraisal products: Official Guide, 5-Step Appraisal & Market Forecast.
These new products will completely automate the 5-step process of creating an accurate, un-biased appraisal using current or historical values. Without leaving the application, you can: determine a profitable trade-in, forecast future values, calculate floor plan and review comparable units in your market. It will also integrate with our sales automation software solution, IRON HQ for prospect tracking.
Iron Guides® 5-Step Appraisal Process:
STEP 1: Establish fair market value for the trade-in based on a reliable source of information.
STEP 2: Define the trade-in value of the unit to allow for reconditioning, delivery and profit margin.
STEP 3: If applicable, calculate the maximum floor plan value to measure the impact on cash flow.
STEP 4: Provide a list of comparable units for sale from local sources to support the fair market value established in step 1.
STEP 5: Consider who may be in the market for the unit you want to take in on trade.