Do I need an appraisal if I’m gifting real estate? One situation that many people don’t know that they need an appraisal for is when they gift real estate as a charitable donation. Gifting of real estate occurs when you give real estate to a person or entity and need to find out its fair […]
What is an estate appraisal?
September 9, 2014 By 2 Comments
Understanding the Estate Appraisal An estate appraisal is typically performed to determine the market value of real estate after the owner has died. A market value appraisal is required so that the estate can be divided among the heirs, if that was the desire of the owner and it was in their will. In addition, […]
Could Alabama Appraisers Be In Violation Of State Law?
October 13, 2011 By 4 Comments
Do you do work for Appraisal Management Companies (AMC’s)? If you do and they are not registered with the Alabama Real Estate Appraisers Board, you could be subject to discipline. As of October 1, 2011 any AMC’s doing business in Alabama must register with the state. Pursuant to §34-27A-20(a)(9) of the Alabama Real Estate Appraisers […]
Appraisals Are Not Just For Mortgage Financing: Non Traditional Uses
March 9, 2011 By 2 Comments
Most people only think about real estate appraisals when they are buying or refinancing a home. In truth real estate appraisals are used for many other “non traditional” uses. Appraisals are required any time the value of real estate is needed. The value may be as of the date it was inspected or it could […]
Settling a Birmingham, AL Estate: How an Appraisal Can Keep Peace in the Family
April 29, 2010 By 2 Comments
Because of the death of a loved one, family members can be faced with making decisions that not all can agree on. Whenever property is left to them they must decide who gets what and this can sometimes result in friction between them. I have seen instances where one family member wants to own and […]
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