One Appraisal Group

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What are the key elements of an estate appraisal report?

**What Are the Key Elements of an Estate Appraisal Report?** An estate appraisal report serves as a critical document in determining the value of a property, often for legal, financial, or personal purposes such as estate planning, taxation, or settling a deceased individual’s estate. It provides a detailed and professional assessment of the property’s worth

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How does the current real estate market in 2025 impact estate appraisals?

**How Does the Current Real Estate Market in 2025 Impact Estate Appraisals?** The real estate market in 2025 is navigating a dynamic and complex landscape, shaped by shifting economic conditions, evolving buyer preferences, and rapid technological advancements. For estate appraisals, which play a critical role in determining property values for transactions, taxes, and inheritance purposes,

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What are the legal implications of undervaluing real estate in an estate appraisal?

**The Legal Implications of Undervaluing Real Estate in an Estate Appraisal** When it comes to estate planning and administration, accurately appraising real estate is a critical step in ensuring compliance with the law, equitable distribution among beneficiaries, and the proper calculation of tax obligations. However, undervaluing real estate—whether intentional or accidental—can lead to significant legal

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How do estate appraisers account for property depreciation?

**How Do Estate Appraisers Account for Property Depreciation?** When assessing the value of a property, one of the key considerations for estate appraisers is depreciation. Depreciation refers to the decline in a property’s value over time due to various factors, such as wear and tear, obsolescence, or changes in the surrounding environment. Understanding how appraisers

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What documentation is needed for an estate appraisal?

**What Documentation is Needed for an Estate Appraisal?** When managing an estate, whether it’s for estate planning, probate proceedings, or settling an inheritance, one of the most critical steps is conducting an estate appraisal. This process determines the fair market value of the estate’s assets, which is essential for tax purposes, legal compliance, and equitable

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What is the role of location in estate appraisals?

**The Role of Location in Estate Appraisals** When determining the value of a property, one of the most critical factors that appraisers consider is its location. While the size, design, and condition of a property are important, the old adage “location, location, location” underscores the undeniable impact that a property’s surroundings have on its worth.

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How do estate appraisers determine comparable properties?

**How Do Estate Appraisers Determine Comparable Properties?** When it comes to determining the value of a property, estate appraisers rely on a systematic approach to identify comparable properties, or “comps,” that provide a benchmark for evaluating the subject property. This process is crucial in real estate transactions, estate planning, taxation, and legal disputes, ensuring that

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Is a comparative market analysis (CMA) sufficient for estate valuation?

When it comes to estate valuation, determining the fair market value of a property is a crucial step with significant financial, legal, and emotional implications. A commonly used tool in the real estate industry for estimating property value is the Comparative Market Analysis (CMA). This method, typically prepared by real estate agents, evaluates a property’s

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