When a loved one passes away and leaves behind assets—such as real estate, stocks, or a closely held business—their heirs are often unaware of one of the most significant tax benefits available: the stepped-up basis. For high-value estates, especially those involving appreciated property, this tax adjustment can translate into major savings. But realizing those benefits…
Soon, a part time job! Recently, the appraisal threshold for residential properties – those with 1 -4 units – was proposed to be increased from $250,000 to $400,000. That proposal will likely find solid ground. According to an article published in Valuation: Insights and Perspectives for Real Estate Appraisers, this change would increase the share…
The main difference between a residential real estate appraiser and a commercial real estate appraiser is the property type in which the appraiser is LICENSED and COMPETENT to appraise. When in doubt, hire a Certified General Real Estate Appraiser who will perform the appraisal or refer you to a competent residential appraiser. In summary, there are 3…