Broker opinions are not qualified appraisal says IRS If you have been a real estate appraiser for any length of time, you have likely done appraisals for estate purposes such as date of death, gifting or trust. Not long ago, the IRS accepted valuations from any "qualified" source including real estate brokers or salespersons who provide the … [Read more...]
Should I Remodel My Home?
The Alvin Bynum house, circa 1875, photo date 1954 The BIG question I just spent $100,000 on a new fancy kitchen, so why isn't my home worth $100,000 more than it was yesterday? I get this question enough that I thought I would write a short blog. However, I come from a long line of Irish engineers and in our family nothing is worth … [Read more...]