Estate Settlement Appraisals in NY by PSM Appraisals, LLC
Estate settlement is an important and sometimes stressful job. 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 respect to the feelings of everyone left behind.
Lawyers and accountants count on our conduct when calculating real estate values for estates, divorces, or other disputes requiring a value being placed on real property. There are specific needs for everyone; we understand these requirements and are familiar to working with all parties involved. We write appraisal reports that outdo the requirements of the courts and various groups.
Contact us promptly to discuss your specific estate appraisal requirements and how we can put our business acumen to work for you.
Generally, settling an estate necessitates an extensive appraisal report to ascertain fair market value for the house to the satisfaction of the parties involved. We know that when you lose a loved one, ordering an appraisal is the furthest thought from your mind. Due to this, often the date of death differs from the time the appraisal is requested. PSM Appraisals, LLC assures that our appraisers are knowledgeable about the procedures and requirements requested by revenue services to supply a retroactive appraisal with an effective date and fair market value estimate matching the date your loved one passed away. The ethical requirements explained within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps us to confidentiality, ensuring the highest degree of discretion for all parties involved.
Most people don't realize that the IRS requires documents filed to support the numbers involved in estate sales.
One of the most important requirements in a report is an appraiser-supported opinion of value in a detailed reason as to how the appraiser came to his conclusion. In having a report backed by PSM Appraisals, LLC's expert appraisers, you will have the peace of mind that the numbers provided in the report will definitely demonstrate to the NY agencies that the numbers used are well founded and substantiated.
PSM Appraisals, LLC ensures an well-founded report, which will provide an executor accurate facts and figures that will exceed IRS and state agency requirements. There's no need to be concerned when getting a report from us, because we will back it no matter what.
An accurate report showing the appraiser's opinion of value is required to support the methods the appraiser used to come to his conclusions.