Property Valuations for Estate Settlement or Planning

 

The responsibility of settling an estate, often a source of stress, is not to be taken lightly. It's up to you as a trustee to carry out the wishes of the deceased as quickly and with as much dignity as possible. You can count on us to respond expeditiously and with as much sympathy to the feelings of everyone involved.

 Part of  TITAN APPRAISAL GROUP drive is to provide top-notch, ethical appraisals that attorneys can depend on. Generally, the parties involved will have their own expectations of how the appraisal process should work; however, our understanding of the estate process will, without a doubt, satisfy all parties involved. We assemble appraisal reports that transcend the needs of the legal system and other groups.

Generally, settling an estate necessitates an irrefutable appraisal report to establish market value for the house to the satisfaction of the parties involved. We sympathize that when you lose a loved one, ordering an appraisal report is the furthest thought from your mind. Of course, it's expected that you need to take care of your family first. We are accustomed to the practices and requirements necessary to provide a retrospective appraisal with an effective date and market value estimate matching the date of death. The ethics provision listed within the Uniform Standards of Professional Appraisal Practice (USPAP) keeps our company to confidentiality, ensuring the strongest degree of discretion for all parties involved.

Most people don't realize that the IRS needs information filed to explain the numbers involved in estate sales.

An exhaustive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. Such a report will clearly demonstrate to the Michigan agencies that the numbers used are accurate and substantiated.

 TITAN APPRAISAL GROUP ensures a substantiated report, which will give an executor solid facts and numbers that will meet IRS and 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.

 

 

 

 

 

SERVICE AREAS: Warren, Centerline, Eastpointe, St. Clair Shores, Sterling Heights, Clinton Twp., Harrison Twp., Shelby Twp., Macomb Twp., Chesterfield Twp., New Baltiomre, Washington Twp., Romeo, Bruce Twp., Hazel Park, Ferndale, Oak Park, Southfield,Franklin, Farmington Hills, Beverly Hills, Huntington Woods, Royal Oak, Berkley, Madison Heights, Clawson, Troy, Rochester Hills, Rochester, Bloomfield, Bloomfield Hills, West Bloomfield, Aurburn Hills, Lathrup Village, Birmingham, Pontiac, Detroit, Grosse Pointe, Grosse Pointe Park, Grosse Pointe Woods, Grosse Pointe Farms, Grosse Pointe Shores, Dearborn, Dearborn Heights, Redford, Inkster, Oakland, Oakland Twp

Current Market Trends

                                                                                                

  • Winter months-few exposed properties offered for sale. Marketing times under 30 days.
  • Property values up  about 5%  12 months prior in Oakland and Macomb County
  • New Construction Starts - Up
  • Foreclosures Down
  • Most Property Values Stable or Increasing
  • Seller's Market

Helpful Tips

  • Always Hire an experienced LOCAL Appraiser to determine the value of your property.
  • Always buy a home in an area that offers a good School District, Police/Fire department.
  • Avoid buying a home with adverse view, IE: Powerlines, Traffic.
  • Updating Kitchen returns up to 110% of cost.
  • In-ground pool in Michigan returns about 20% of cost, Texas 125%