The role of the appraiser is to provide objective, impartial, and unbiased opinions about the value of real property providing assistance to those who own, manage, sell, invest in, and/or lend money on the security of real estate.
A large number of attorneys, accountants, financial planners and tax professionals have come to rely on John Andersen Real Estate Appraisals opinion when formulating real property values during estate settlement proceedings.
Most state courts require a recent appraisal to determine a home's fair market value. If you had an appraisal done more than six months ago but didn't get around to immediately filing for divorce, it may no longer be viable.
A bankruptcy appraisal is the best way to prove to the court that your value, as written in your bankruptcy documents, is accurate. The experience, credibility and industry reputation of the appraiser are critical to the bankruptcy judge in accepting or rejecting your home valuation as accurate.
The settlement of an estate is one of those things that most people understand little about until they go through the experience. When an estate transfers ownership due to death or inheritance, it is estremely common for a real estate appraisal to be ordered for estate tax purposes.
In a contested divorce, spouses often want their own separate appraisals. If two appraisers reach different values, a judge might compromise between them and value the house at a point in between. In this case, spouses usually pay for their own appraisals. In more amicable divorces, you might decide to use one appraiser and split the cost between you.