We Specialize in estate transfers of ownership due to death or inheritance, it is extremely common for a real estate appraisal to be ordered for estate tax purposes.
Most state courts require a recent appraisal to determine a home's fair market value. If you had an appraisal done more than six months ago but didn't get around to immediately filing for divorce, it may no longer be viable. In a contested divorce, spouses often want their own separate appraisals. If two appraisers reach different values, a judge might compromise between them and value the house at a point in between. In this case, spouses usually pay for their own appraisals. In more amicable divorces, you might decide to use one appraiser and split the cost between you.
A bankruptcy appraisal is the best way to prove to the court that your value, as written in your bankruptcy documents is accurate. The experience, credibility and industry reputation of the appraiser are critical to the bankruptcy judge in accepting or rejecting your home valuation as accurate.
The settlement of an estate is one of those things that most people understand little about until they go through the experience. When an estate transfers ownership due to death or inheritance, it is extremely common for a real estate appraisal to be ordered for estate tax purposes.
Remember, every estate situation is unique and
the type of appraised value required depends on
the individual needs of the estate. Regardless of
your needs or timing issues. Our certified
appraiser Paul Marchi understands the complexities
involved in determining the value of a property
under these trying circumstances and we’ll provide
you with the best possible experience.
Sam Holsinger can perform most common commercial, industrial, residential and residential income property appraisals.