Property Valuations for Estate Settlement by Metro Appraisals
Estate settlement is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the departed as swiftly 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.
Attorneys and accountants count on our understanding when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. Sometimes, the parties involved will have different suggestions of how the appraisal process should work; however, our understanding of the estate process will undoubtedly satisfy all parties involved. Because of our experience in working with attorneys and accountants and different agencies, we create appraisal reports that always exceed all expectations.
Contact us promptly to discuss your exact estate appraisal needs and how we can put our knowledge to work for you.
Commonly, settling an estate requires an clear appraisal report to show fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Of course, you have to be there for your family first. Our professional staff is knowledgeable about the practices and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our appraisers to confidentiality, ensuring the fullest degree of privacy for you.
The necessity of needing a real estate appraisal when cooperating with the IRS 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 back the methods the appraiser used to come to his conclusions. A report of this caliber will clearly show the evidence that the numbers displayed within the report are well-founded and accurate.
An executor will be satisfied by an appraisal by Metro Appraisals which will provide him solid facts and numbers to work with the IRS and ID state agencies' requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal if it is ever refuted.
Opinions of value displayed in documents provided to the revenue authorities absolutely should be backed by a detailed report as to how the appraiser arrived at his conclusions.