REASONS TO GET AN APPRAISAL But is this the only reason to get an real estate appraisal? Are there other times when the services of a certified, licensed, independent real estate appraiser professional might come in handy? You bet. PURCHASE OF A RESIDENTIAL PROPERTY DIVORCE SETTLEMENT Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, bankruptcy or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies. As an attorney handling a divorce, your needs oftentimes include a real estate appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal. Our real estate appraisers 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 divorce. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion. Estate Appraisals Settling an estate is an important and sometimes stressful job. As an executor you have been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on our real estate appraisers to act quickly and with sensitivity to the feelings of everyone involved. Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used to dealing with all parties involved. We provide real estate appraisal reports that meet the requirements of the courts and various agencies. Settling an estate usually requires a real estate appraisal to establish Fair Market Value for the residential estate property involved. Often, the date of death differs from the date the appraisal is requested. Our real estate appraisers 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 real estate 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 real estate 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. REFINANCE OR GET A HOME EQUITY LOAN Many real estate appraisers offer a specific service for home owners that believe they have met the 80% loan-to-value metric. For a nominal fee, the real estate appraiser can provide you with a statement regarding the home value. Some will even take the next step and help you file a challenge with your mortgage company. The costs of these services are very often recovered in just a few months of not paying the PMI. RELOCATION HOME IMPROVEMENTS TO ADD VALUE SELLING OF YOUR REAL ESTATE (Pre-Listing) Unlike a real estate agent, a real estate appraiser has no vested interest in what amount the residential or commercial real estate sells for. It's easy for them to step in and give you the information to help you make your decision. Real estate appraiser fees are based on efforts to complete the report and not a percentage of the sales price. So seeking a professional real estate appraisal can often help owners make the best decisions on investing in their real estate and setting a fair sales price. |