You may ask “What is the role of an appraiser in estates?”
Remember there are two types of appraisers -- Personal Property Appraisers and Real Property Appraisers. - Real Property Appraisers value houses, land, property, personal appraisers like the name implies will value your personal property, jewelry, art, furniture, etc. Here at Fresno Appraisal Service we appraise your Real Property, homes,l and, property etc. Just what does an appraiser do? The licensed appraiser by reason of professional training, experience, and ethics is responsible for furnishing you with an objective third party opinion of value, arrived at without pressures or prejudices from the parties involved. Your appraiser is professional responsible to be correct and accurate in opinions of value. Fresno Appraisers assesses the true forces affecting the value of property. This includes past values “date of death” appraisals and current “today's value” appraisals. In accomplishing this, the appraiser cannot allow the general neighborhood composite of ethnic, religious, or minority populations or general condition of neighborhood improvement to detract from a clear and objective evaluation of the property appraised on its own merits. When selecting an appraiser for estate purposes it is important to: A. Licensed qualified appraise B. Local appraiser that knows your market C. Experienced appraiser – over 10yrs experience The completed report will be emailed to you. The report will list "effective date of appraisal" and a value. This is the estimated market value of the home. You will can use this value to support your IRS documents and any division between heirs. Tips & Warnings (ehow)
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Terre Armstrong
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March 2014
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