Fair Market Value Appraisals 101
Establishing a value prior to an estate sale
Fair Market Value Appraisals are non-certified. To illustrate, family members sometimes need or want a value of a homes contents. That is a fair market value appraisal, specifically. However, it is not for insurance or replacement value, as you would think. A certified appraisal is what fills that need.
Fair Market Appraisals help alleviate problems in some situations
Family members sometimes want to know the value of the items each family member chooses to keep.
Accordingly, a fair market appraisal can determine that. In brief, a fair market value appraisal can balance the scales and alleviate conflicts that sometimes family members can enter into. Family dynamics vary and it is wise to offer a Fair Market Value Appraisal if it seems necessary.