Property Valuations for Estate Settlement by American Real Estate Appraisal
Settling an estate is an important and sometimes stressful task. As an executor you have been entrusted to carry out the wishes of the departed as promptly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Part of American Real Estate Appraisal's company goal is to supply top-notch, ethical appraisals that attorneys can rely on. Generally, the parties involved will have their own expectations of how the appraisal process should work; however, our knowledge of the estate process will undoubtedly satisfy all parties involved. We create appraisal reports that meet the necessities of the legal system and other agencies.
Contact us as soon as possible to discuss your exact estate appraisal needs and how we can put our business acumen to work for you.
Settling an estate generally requires an appraisal to determine fair market value for the home in question. It's understandable that ordering an appraisal is the farthest thought from your mind. Due to this, it is possible that the date of death differs from the time the appraisal is needed. Our company is knowledgeable about the procedures and requirements needed to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethical obligations listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, providing the fullest degree of privacy for you and your family.
The requirement of having an appraisal when cooperating with government agencies to prove income when filing documents is often not considered by most people.
An accurate report showing the appraiser's opinion of value is important to support the methods the appraiser used to come to his conclusions. In having a report backed by American Real Estate Appraisal's expert appraisers, you will have the understanding that the numbers displayed in the appraisal will definitely demonstrate to the IL agencies that the numbers used are accurate and correct.
American Real Estate Appraisal will provide an accurate report, which will give an executor solid facts and figures that will meet IRS and revenue agency requirements. There's no need to be concerned when getting an appraisal from us, because we will support it no matter what.
One of the most significant requirements in an appraisal report is an appraiser-backed opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion.