Date of Death Valuations

Date of Death Valuations

Date of death valuations Estate tax liability. Disposition of assets under a will or in probate. There are numerous situations — none of them lacking in stress and complexity — where you may need an appraisal of property that states an opinion of what the property was worth on a date sometime ago, instead of when the appraisal is requested. For estate tax purposes or disposition of the assets of a decedent, a “date of death” evaluation is usually needed. (Sometimes, the executor of the property may want to have the date be six months after the date of death — but the same concepts apply.) Lawyers, accounting firms, executors and others rely on Appraise Colorado Inc for “date of death” valuations because such appraisals require special expertise and training. They require a firm that has been in the area for a while and can effectively research comparable contemporaneous sales. Real property isn’t like publicly operated stock or any other products which don’t go up and down in value very much or for which historical public data can be found. You want a professional real property appraiser, bound by the Uniform Standards of Professional Appraisal Practice (USPAP) for a high level of confidentiality and professionalism, and you need the type of quality report and work product taxing authorities and courts need and expect. Feel free to browse our website to find out more about our qualifications, expertise and services...
Assessment Appeal Services

Assessment Appeal Services

Assessment appeal services The majority of localities determine your property tax responsibility based on a title ad valorem assessment of the property’s value. Sometimes, as a residential property owner, you get an unwanted surprise in the mail telling you your taxes are increasing, and sometimes it might appear as though your assessment is too high. Usually, matters of this nature can be resolved with a phone call. If however after discussing your assessment with the local taxing authority you continue to feel like your home was overvalued, an experienced, independent, third-party appraiser is often your best bet in demonstrating your case. That’s where we come in. You’ll find numerous different techniques for appealing assessments since there are property taxing districts, therefore it is important to enlist the help of a professional appraisal firm which is seasoned and familiarized with the particulars of your specific jurisdiction. Please take note: it’s a good idea to perform your very own research prior to deciding if you should proceed with a property assessment appeal, particularly before you make the decision to hire a professional appraiser. Nevertheless, according to the Uniform Standards of Professional Appraisal Practice (USPAP), we are not allowed to take “shortcuts” — i.e., your research — and employ it on its face within our independent evaluation. When you hire us for an assessment appeal, you’re commissioning  an independent, third-party professional appraisal report. Therefore we do our own evaluation, start to finish. Should you be correct that your property has long been overvalued, a completely independent report such as ours will be a lot more influential than any other facts you can...
What is PMI and How to Get Rid of It

What is PMI and How to Get Rid of It

What exactly is PMI and how can I get rid of it? Real estate lenders are a curious lot. It seems they’re willing to offer just about anyone money. Assuming a half-way decent credit rating, any potential home buyer can secure financing for a house. Why? Because these transactions are guaranteed by a very precious asset: the home itself. If a customer defaults on a home loan, the risk for the provider is often only the difference in the worth of the property and the amount outstanding on the mortgage, less the figure it costs them to reclaim and resell the house. As a result, lenders are very cautious about financing higher than a specific portion of a home’s value. Traditionally, this has been eighty percent. The buffer this gives the lender helps ensure that their deficits from foreclosures are kept to a minimum. In the last few years, conversely, it is progressively more common to see home buyers using down payments of 10, 5 or even 0 percent. Of course, financing this much provides the lenders with much more risk. To offset this threat, these transactions often require Private Mortgage Insurance or PMI. This supplemental policy protects the bank in case a debtor defaults on the loan, and the value of the property is less than the loan balance. PMI has become a large money maker for the mortgage loan providers. The cost of this insurance – often $40-$50 per month for a $100,000 house – is often combined within the mortgage payment. Due to the size of the entire charge, this additional charge is often unnoticed. Homeowners...
Appraise Colorado Inc (AppraiseDenverXpert) Receives 2014 Best Businesses of Aurora Award!

Appraise Colorado Inc (AppraiseDenverXpert) Receives 2014 Best Businesses of Aurora Award!

  Press Release FOR IMMEDIATE RELEASE Appraise Colorado Inc aka AppraiseDenverXpert Receives 2014 Best Businesses of Aurora Award Aurora Award Program Honors the Achievement Aurora, January 5th, 2015 — Appraise Colorado Inc has been selected for the 2014 Best Businesses of Aurora Award in the Real Estate Services category by the Best Businesses of Aurora Award Program. Each year, the Best Businesses of Aurora Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Aurora area a great place to live, work and play. Various sources of information were gathered and analyzed to choose the winners in each category. The 2014 Best Businesses of Aurora Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Best Businesses of Aurora Award Program and data provided by third parties. About the Best Businesses of Aurora Award Program The Best Businesses of Aurora Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Aurora area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value. The Best Businesses of Aurora Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission...