Property Appraisal Types
Note: The following property types can be completed as a full interior/exterior appraisal, exterior-only appraisal, desktop valuation, field review appraisal, or desk review appraisal:
Single Family Homes
Multi-Family Dwellings (1-4 Units)
Note: The following assignment types can be completed on the above mentioned property types:
Divorce Appraisal (Marital Dissolution)
Estate, Trust, or Probate Appraisal
Date of Death Appraisal
Historical/Retrospective Market Value Appraisal
Current Market Value Appraisal
Prospective Market Value Appraisal
FSBO (For Sale By Owner) Appraisal
Income Property Appraisal
Appraisal for PMI (Private Mortgage Insurance) Removal
Appraisal for Tax Value Dispute
Appraisal for Distressed Properties (REO, Short Sale, Bankruptcy, Foreclosure)
Appraisal for Primary and Secondary Mortgages
Divorce is a painful process in which there are many decisions to be made including ‘who’s staying’ and ‘who’s going’ when determining what happens to the house. Often times the home is put up for sale in which the profits are split or otherwise one of the parties typically buys out the other. In either case, one or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that’s defensible in court.
Many times the divorce date differs from the inspection date of the appraisal thus requiring a retrospective appraisal that has an effective date and value estimate corresponding to the date of divorce or filing. We’ve completed countless divorce appraisals over the years so we understand exactly what’s involved as well as the need to handle these situations with the utmost care.
We’re bound by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) which means you’re assured the highest level of confidentiality, guaranteeing you the utmost discretion. In addition, we provide you with comprehensive appraisal reports that meet or exceed requirements of the courts and other various agencies.
When you work with IdaHome Appraisal, Inc. you can be assured you’ll get the best in professional service, courtesy, and you’ll receive the highest quality appraisal reports. We will also respect and protect the privacy of your needs in a divorce situation.
Our Senior Appraiser, Joshua L. Darrow, has extensive experience in dealing with local and prestigious Family Law Firms when it comes to divorce proceedings. In fact, a large number of Family Law Firms, Accountants, and Mediation Advisors rely on IdaHome Appraisal, Inc. for our opinion of values when formulating real property values during divorce proceedings and other disputes requiring a value being placed on real property.
Give us a call today with any questions you might have.
Settling an estate is one of those things that most people know little about until they actually go through the experience. So we hope to offer you a bit of insight below into the process of estate settlement as it pertains to real estate appraisals. When an estate has a transfer of ownership due to death or inheritance, it is very common for a real estate appraisal to be needed for tax purposes. Often times during the settlement process either an attorney or accountant will order an appraisal or have a family member or executor select an appraiser for the job at hand which is most often the case.
It’s been our experience that estate appraisals are commonly ordered between 2-6 months after the death of a loved one or inheritance of a property. Occasionally an appraisal is ordered almost immediately, whereas other times, the time period may be as long as a year or more depending on the circumstances at hand.
Retrospective appraisals are fairly common in estate settlement situations. These involve appraising a home based on a ‘prior date’ which is typically the owner’s date of death, hence the reason why estate appraisals are often referred to as ‘date of death’ appraisals.
In addition to needing a retrospective or date of death appraisal during the settlement process, often times the ordering party will also request a ‘current value’ appraisal in order to determine current market value for purposes of sale or settlement between heirs. Regardless of your needs or the elapsed time, our team of certified appraisers at Upward Appraisal understands the complexities involved in assessing the value of a property under these difficult circumstances and we’ll provide you with the best possible experience.
Remember, every estate situation is different and the type of appraised value required all depends on the particular needs of the estate. This isn’t something you need to worry about as a good attorney or accountant can easily help direct you toward the type of value needed for the estate. Additionally, we’re happy to speak with your attorney or accountant to clarify exactly what’s required for your situation.
Our Senior Appraiser, Joshua L. Darrow, has 20 years experience in dealing with estate and date of death valuations. In fact, a large number of attorneys, accountants, and financial planners have come to rely on IdaHome Appraisals, Inc. for our opinion of values when formulating real property values during estate settlement proceedings. Give us a call today with any questions you might have.
Boise, Garden City, Meridian, Eagle, Kuna, and Star.
Nampa, Middleton, Parma, Melba, Caldwell, Wilder, Notus, and Greenleaf.
Idaho City, Placerville, Banks, Horseshoe Bend, Crouch, and Robie Creek.
McCall, Cascade, Donnelly, Yellow Pine, and Smiths Ferry.
Emmett, Little Rock, Letha, Ola, Bramwell, Plaza, Montour, and Sweet.
Mountain Home, Hammett, Prairie, Altanta, Glenns Ferry, Featherville, and Pine.