Why You Want an Appraiser With an SRA Designation
When choosing a real estate appraiser, credentials matter. One of the most respected designations in the industry is the Senior Residential Appraiser (SRA) designation, awarded by the Appraisal Institute. This designation signifies advanced education, demonstrated experience, and a commitment to the highest professional standards in residential real estate valuation.
Highest and Best Use Studies
A highest and best use (HBU) study is an essential tool for property owners, investors, and developers who want to unlock the true potential of a property. Rather than simply looking at a property’s current use, an HBU study evaluates all legally permissible, physically possible, and financially feasible options to determine which use would generate the greatest value in the market.
Why You Need a ‘Date of Death’ Appraisal
A ‘date of death’ appraisal determines the fair market value of real estate as of the exact date a property owner passed away. This valuation plays a critical role in estate administration, tax reporting, and establishing a step-up in basis for heirs. Because the effective date is retrospective, accuracy and proper documentation are essential.