Bowers Real Estate & Appraisal Services knows the special needs of estate executors
The responsibility of settling an estate, while stressful is very important. 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 empathy to the feelings of everyone left behind.
Lawyers and accountants depend on our understanding when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. There are required needs for everyone; we realize these needs and are familiar to working with all parties involved. We create appraisal reports that exceed the necessities of the courts and assorted groups.
Contact us as soon as possible to discuss your explicit estate appraisal requirements and how we can put our knowledge to work for you.
Settling an estate commonly requires an appraisal to establish fair market value for the property involved. It's understandable that thinking about getting an appraisal is the farthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal report differs from the time of death. Bowers Real Estate & Appraisal Services assures that we are familiar with the procedures and requirements requested by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision stated within the Uniform Standards of Professional Appraisal Practice (USPAP) binds our staff to confidentiality, providing the fullest degree of discretion for you.
The requirement of needing a real estate appraisal when cooperating with revenue services to prove income when filing documents is often not considered by most people.
An exhaustive report showing the appraiser's opinion of value is important to back the methods the appraiser used to come to his conclusions. A report of this caliber will clearly show your claim that the numbers provided within the report are well-founded and accurate.
Having a professional appraisal report from Bowers Real Estate & Appraisal Services gives the executor solid facts and figures to work with in meeting IRS and CA state agency requirements. You need not stress over anything, because we will be there to back up our reports if they are ever refuted.
One of the most necessary requirements in a report is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion.