FAQs

FAQs

Frequently Asked Questions

  • What is a divorce appraisal?

    A divorce appraisal is an appraisal conducted to determine the fair market value of assets, often real estate, as part of the divorce settlement process.

  • Can you appraise properties located in different states or countries?

    No, Appraisers are licensed on a state-by-state basis. You do not want someone who does not know the local market. Although we are licensed for the State of Texas we do not take jobs outside of the greater DFW area, since we are not experts in other markets of Texas.

  • What types of properties can you appraise for estate purposes?

    We can appraise a wide range of residential properties, including residences with 1-4 units, Townhouses, Manufactured Homes, Condos, and vacant land.

  • What is the difference between market value and fair market value?

    Market value is the most probable price a property would sell for on the open market, while fair market value considers both buyer and seller acting without duress or undue pressure.

  • How long does it take to complete a divorce or estate appraisal?

    The timeframe varies depending on the complexity and location of the property. Typically, appraisals are completed within 2-3 business days of the on-site visit.

  • Can I use an old appraisal report for my divorce or estate settlement?

    It’s best to obtain a current appraisal, as property values can change significantly over time. A recent appraisal provides the most accurate value.

  • Are your appraisal services confidential?

    Yes, we adhere to strict confidentiality standards. We do not disclose appraisal information to any third parties without your consent.

  • Do you work directly with attorneys and estate planners?

    Yes, we often collaborate with attorneys and estate planners to ensure our appraisal reports meet legal and estate planning requirements.

  • How do you determine the value of unique or unusual assets?

    For unique assets, we utilize specialized appraisal methods, and consulting experts when necessary, to determine their fair market value accurately.

  • Can you provide expert testimony in court for divorce or estate appraisals?

    Yes, we can provide expert testimony and appear in court if our appraisal report is challenged or required during legal proceedings.

  • What happens if the appraisal value is disputed by one party in a divorce?

    If the appraisal value is disputed, both parties may hire their appraisers. Appraisers can work together to resolve differences or provide their findings in court if needed.

  • Can I request a rush appraisal for my estate planning needs?

    Yes, we offer rush appraisal services for estate planning when needed to meet tight deadlines or urgent situations.

  • Are your appraisal reports accepted by the IRS for estate tax purposes?

    Our appraisal reports are prepared in compliance with IRS regulations and are generally accepted for estate tax purposes. However, it’s always wise to consult with your tax advisor.

  • How do I schedule a divorce or estate appraisal?

    To schedule an appraisal, contact our office through phone or email. We’ll discuss your specific needs and provide guidance on the appraisal process.

  • Why choose us for property tax services and appeals?

    We offer expert property tax services and appeals to help homeowners reduce their tax burden, backed by a team with extensive knowledge of the local real estate market.

Share by: