Colonial Realty & Appraisal LLC knows the special needs of estate executors

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 compassion to the feelings of everyone in bereavement.

Lawyers and accountants rely on our understanding when calculating real property values for estates, divorces, or other disputes requiring a cost being placed on real property. There are required needs for everyone; we are sympathetic to these necessities and are comfortable to working with all parties involved. Because of our experience in dealing with attorneys and accountants and other agencies, we supply appraisal reports that definitely transcend all expectations.

Settling an estate commonly depends on an appraisal to acquire fair market value for the home in question. We understand that when you lose a loved one, acquiring an appraisal is the furthest thought from your mind. Because of this, now and then there are times that the effective date of an appraisal deviates from the time of death. Colonial Realty & Appraisal LLC assures that our appraisers are comfortable with the procedures and requirements requested by revenue services to perform a retroactive appraisal with an effective date and fair market value estimate matching the exact date your loved one passed away. The ethics provision explained within the Uniform Standards of Professional Appraisal Practice (USPAP) conforms our staff to confidentiality, assuring the strongest degree of privacy for you.

Most people don't realize that the IRS requires reports filed to support the numbers involved in estate sales.

One of the most essential requirements in a report is an appraiser-backed opinion of value in a detailed explanation as to how the appraiser came to his conclusion. In having a report backed by Colonial Realty & Appraisal LLC's expert appraisers, you will have the peace of mind that the numbers provided in the appraisal report will definitely demonstrate to the authorities that the numbers used are accurate and substantiated.

Having a professional appraisal report from Colonial Realty & Appraisal LLC gives the executor undeniable facts and figures to work with in going beyond IRS and VA state agency requirements. It assures peace of mind to everyone concerned because we will always be there to stand behind the report if it is ever refuted.

Opinions of value used in documents provided to the the IRS and VA state agencies absolutely should be supported by an exhaustive report as to how the appraiser acquired his conclusions.