Settling an estate is an important and sometimes stressful job. As an family member or executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. As experienced real estate appraisers having dealt with thousands of similar estate situations over the decades, you can count on us to act quickly and with sensitivity to the feelings of everyone involved.
Attorneys, Accountants, and homeowners like you rely on our real estate market values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand the specific needs when settling estate properties and are experienced in dealing with all parties involved. We provide real estate appraisals that meet the requirements of the courts and various agencies, all while communicating the process and results with all of the parties involved.
Settling an estate usually requires an appraisal to establish Fair Market Value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of death. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
All too often, people do not fully appreciate the need to have a detailed real estate appraisal prepared in support of the numbers being used in documents filed with revenue authorities.
Opinions of value used in documents filed with the revenue authorities should be supported by a detailed report as to how the appraiser arrived at his conclusions. Such a report will certainly demonstrate to the authorities that the numbers used are well founded and substantiated.
Having a professional appraisal gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the appraisal if it is challenged.
