Appraisals for Estate Settlement by Personal Service Realty's Residential Valuation Group
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
Part of Personal Service Realty's Residential Valuation Group's focus is to offer top-notch, ethical appraisals that attorneys can depend on. Usually, everyone involved will have their own suggestions of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We write appraisal reports that outdo the needs of the legal system and various groups.
Contact us today to discuss your specific estate appraisal specifications and how we can put our experience to work for you.
Settling an estate usually requires an appraisal to establish fair market value for the home in question. We empathize that in times like this, even thinking about an appraisal report is the furthest thought from your mind. Because of this, often there are times that the effective date of an appraisal deviates from the time of death. Personal Service Realty's Residential Valuation Group assures that our appraisers are familiar with the procedures and requirements needed by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical obligations stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our appraisers to confidentiality, providing the fullest degree of privacy for you and your loved ones.
People often forget that the IRS needs information filed to express the numbers involved in estate sales.
One of the most significant requirements in an appraisal report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. A report of this caliber will certainly show the evidence that the numbers provided within the report are well-founded and accurate.
An executor will be ecstatic by an appraisal report by Personal Service Realty's Residential Valuation Group which will provide him irrefutable facts and numbers to work with revenue agencies' requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.
A comprehensive report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.
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