Settling an estate is an important and sometimes stressful job. As an executor, you’ve been entrusted to carry out the wishes of the deceased as swiftly and exactly as possible. You can count on us to act quickly and with sensitivity to the feelings of everyone involved.
Attorneys and accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value to be placed on real property. We understand their needs and are used to dealing with all parties involved, and we provide appraisal reports that meet the requirements of the courts and various agencies.
Settling an estate usually requires an appraisal to establish fair market value for the residential property involved. Often, the date of death differs from the date the appraisal is requested. We’re familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and fair market value estimate matching the date of death. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us to confidentiality, ensuring the fullest degree of discretion.
All too often, people don’t fully appreciate the need for a detailed real estate appraisal to support the numbers used in documents filed with revenue authorities. Opinions of value used in such filings should be supported by a detailed report showing how the appraiser arrived at the conclusions — this demonstrates to the authorities that the numbers used are well founded and substantiated.
Having a professional appraisal gives the executor solid facts and figures to work with in meeting IRS and state agency requirements. It assures peace of mind to everyone concerned, because we’re there to stand behind the appraisal if it’s ever challenged.
Metro Real Estate Appraisal Services maintains corporate offices in Sea Isle City, NJ, with a branch office in Delran, NJ. Our primary service area for typical residential appraisals covers southern New Jersey; our commercial and industrial coverage extends across New Jersey, eastern Pennsylvania, and northern Delaware, with nationwide quotes available on larger commercial/industrial properties.