Appraisals for Estate Settlement by Columbia Realty Advisors
Settling an estate is often stressful, but a very important job. As an executor you have been entrusted to carry out the wishes of the deceased as quickly and respectfully as possible. You can count on us to act quickly and with as much sensitivity to the feelings of everyone involved.
Lawyers and accountants rely on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a cost being placed on real property. Often, all parties will have different expectations of how the appraisal process should work; however, our knowledge of the estate process definitely satisfy all parties involved. In relation to our familiarity in dealing with the courts and other agencies, we compose reports that always transcend all expectations.
Contact us promptly to discuss your specific estate appraisal needs and how we can put our knowledge to work for you.
Settling an estate most often requires an appraisal to establish fair market value for the property in question. We understand that in this time of loss, ordering an appraisal is the furthest thought from your mind. Because of this, now and then there can be times that the date of an appraisal deviates from the date of your loss. Columbia Realty Advisors assures that we are familiar with the procedures and requirements needed by the IRS and MD revenue agencies to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date of death. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, guaranteeing the highest degree of discretion for you.
The requirement of owning a real estate appraisal when working with revenue services to show income when filing documents is often not considered by most people.
An accurate report showing the appraiser's opinion of value is necessary 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 well-founded and correct.
Columbia Realty Advisors ensures an detailed report, which will give an executor accurate facts and figures that will exceed IRS and revenue agency requirements. It assures peace of mind to everyone concerned because we assure you that we will stand behind the appraisal report if it is ever challenged.
Opinions of value used in documents provided to the revenue authorities absolutely should be supported by a comprehensive report as to how the appraiser came to his conclusions.