Property Valuations for Estate Settlement by Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants
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 swiftly and respectfully as possible. You can count on us to act quickly and with as much compassion to the feelings of everyone in bereavement.
Attorneys and accountants depend on our conduct when calculating real property values for estates, divorces, or other disputes requiring a worth being placed on real property. Sometimes, all parties will have differing expectations of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. Among our staff, we are accustomed to interacting with law offices in creating reports that exceed their demands.
Contact us as soon as possible to discuss your unique estate appraisal specifications and how we can put our knowledge to work for you.
Commonly, settling an estate necessitates an clear appraisal report to acquire fair market value for the property to the satisfaction of the parties involved. We know that when you lose a loved one, acquiring an appraisal report is the furthest thought from your mind. So, we understand that the date an appraisal report is requested will deviate the date of death. Our staff is accustomed to the procedures and requirements necessary to provide a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical requirements listed within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms us to confidentiality, guaranteeing the strongest degree of privacy for you.
The necessity of having an appraisal when cooperating with the IRS to show income when filing documents is often not considered by most people.
One of the most necessary requirements in a report is an appraiser-backed opinion of value in an exhaustive reason as to how the appraiser came to his conclusion. This sort of report will definitely show the evidence that the numbers within within the report are well-founded and accurate.
Having a professional appraisal from Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants gives the executor irrefutable facts and figures to work with in exceeding IRS and Virginia state agency requirements. It assures peace of mind to everyone concerned because we are there to stand behind the report if it is ever challenged.
An exhaustive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.