Estate appraisal is completed on real property, land and/or buildings, meaning property and all the rights and responsibilities associated with that property. This includes not just homes and buildings in urban, suburban and rural areas, but other rights associated with land that has no structure, and ad valorem (property tax), for instance.
Appraisals provided on real estate are most often completed for buying and selling the property or activity related to finance such as refinancing, lending, insurance, estate taxes, property taxes, and eminent domain.
Estate appraisals are also usually required for the equal distribution of the estate, and can be due to a death, divorce settlement among heirs where the contents must either be liquidated or divided. This appraisal is often held at a highly stressful time for an individual or family, and it’s imperative that the person who does the appraisal be unbiased, someone who isn’t involved in the need for the distribution, but someone who understands the situation and is competent and educated in estimating the fair market value. At 1 Day Home Appraisal you can count on us to get the job done right. Please call us or contact us with any questions or concerns.