Appraisals for Estate Settlement by Mitchell Real Estate 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 quickly and exactly as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone involved.
We've shown that we're experts in providing excellent appraisals that attorneys and accountants have come to depend on. We understand their needs and are familiar with helping with all parties involved. Among our staff, we are accustomed to dealing with legal agencies in composing appraisal reports that surpass their demands.
Contact us immediately to discuss your precise estate appraisal needs and how we can put our experience to work for you.
Generally, settling an estate requires an detailed appraisal report to determine fair market value for the house to the satisfaction of the parties involved. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there will be times that the date of an appraisal report differs from the time of death. Our professional staff is comfortable with 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 requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, providing the fullest degree of discretion for you.
Many people do not understand that the IRS needs reports filed to show the numbers involved in estate sales.
An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. Such a report will definitely demonstrate to the IRS that the numbers used are accurate and substantiated.
An executor will be over-joyed by an appraisal report by Mitchell Real Estate Appraisals which will give him solid facts and numbers to work with any legal agency's requirements. You need not stress over anything, because we will be there to stand by our appraisals if they are ever challenged.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.