East Tennessee Real Estate and Appraisal understands the special needs of estate executors
The job of settling an estate, often a source of stress is very important. As an executor you have been entrusted to carry out the wishes of the departed as quickly and respectfully as possible. You can count on us to act quickly and with as much understanding to the feelings of everyone in bereavement.
Part of East Tennessee Real Estate and Appraisal's focus is to create top-notch, ethical appraisals that attorneys can depend on. There are specific needs for everyone; we cater to these necessities and are used to to dealing with all parties involved. In relation to our experience in working with the courts and different agencies, we supply reports that always transcend all expectations.
Contact us today to discuss your precise estate appraisal requirements and how we can put our business acumen to work for you.
Settling an estate usually requires an appraisal to suggest fair market value for the house in question. It's understandable that thinking about an appraisal is the farthest thought from your mind. Because of this, often there are times that the date of an appraisal differs from the date of your loss. Our professional staff is accustomed to the systems and requirements needed to provide a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our staff to confidentiality, providing the strongest degree of privacy for you and your loved ones.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
One of the most essential requirements in an appraisal is an appraiser-supported opinion of value in an exhaustive explanation as to how the appraiser came to his conclusion. Such a report will certainly demonstrate to the authorities that the numbers used are well-founded and substantiated.
East Tennessee Real Estate and Appraisal guarantees an substantiated appraisal, which will provide an executor definite facts and figures that will meet IRS and state agency requirements. You need not worry over anything, because we will be there to support our reports if they are ever challenged.
An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions.