Remove Finance Remove Legal Remove Market Value Remove Property Taxes
article thumbnail

Reasons To Get An Appraisal

Padove Appraisal Service

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

Appraisal 148
article thumbnail

How Residential Real Estate Appraisers Can Benefit and Help Accountants Do Their Job

Birmingham Appraisal

Their expertise goes beyond helping buyers and sellers determine accurate market value. Determining Asset Values for Financial Reporting Enhancing Financial Accuracy with Appraisals Accurate financial reporting is essential for businesses and individuals alike.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Real Estate Appraisals Empower CPAs: A Short Summary

Boston Appraisal

The IRS requires a “Certified Appraisal” from a “Certified Appraiser” for many transactions, including charitable contributions of property, estate settlements, or gifting assets. CPAs must be diligent in ensuring that all real estate appraisals involved in tax-related transactions meet these stringent IRS conditions.

article thumbnail

Home Appraisals – What Do They Look For?

D Fritz Appraisals

Read on for more information about how a home appraiser determines the value of your property. A home appraisal is a legal document containing information that determines the current fair market value of a new or existing property. Mortgage financing and refinancing. Renovation loan assessments.

Appraisal 105
article thumbnail

How the title industry is addressing the negative effects of heirs’ property

Housing Wire

Typically, when a person passes away, it is customary for a will to specify who will inherit the property. However, wills and estate planning can be costly, and many Americans do not have the resources to legally account for their property before they pass away. How is the title industry helping to address heirs’ property?

Legal 419
article thumbnail

26 Reasons to Get an Appraisal

Realvals

By providing an unbiased estimate of a property’s value, an appraisal ensures that you know the real value of your property. Estate planning, property tax appeals, divorces, and gifting, are some of the many others. Estate Taxes In some cases, local laws may require appraisals for estate tax purposes.

Appraisal 145
article thumbnail

Say What? Home-Buying Lingo You Should Know

Zillow

Condo insurance : Homeowners insurance that covers personal property and the interior of a condo unit should damage occur. Contingencies : Conditions written into a home purchase contract that protect the buyer should issues arise with financing, the home inspection, etc. Lenders reward lower LTV ratios.