Why Condemnation Appraisal is Essential | MROD


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Christopher Greco is a Certified Fiduciary in the Office of Court Administration Services for the New York State Courts, Part 36, approved by the Chief Administrative Judge since 2017.

We provide New York State Residential Real Estate Appraisal and Consultation services to lawyers, homeowners, realtors, accountants and to the courts.

Why do attorney's rely on Real Estate Appraisals - 


Attorneys use real estate appraisers for a variety of reasons, all centered around establishing a reliable and objective value for a property. Here are some key situations where appraisers rely on Greco Appraisal Services:   


1. New York Litigation and Disputes:


New York Divorce: When couples divorce, whether in the Bronx or Westchester County, property division is often a major point of contention. A neutral appraisal by a New York State Certified Appraiser helps determine the fair market value of assets like houses, ensuring an equitable split. Greco Appraisal Services offers 25 years of expertise appraising residential real estate. 

Property Disputes: Disputes between neighbors (e.g., boundary lines for a property located in Yonkers or White Plains), or with insurance companies (e.g., fire damage claims in Port Chester) often require a professional valuation to resolve.

Eminent Domain: When the government seizes private property for public use, a fair appraisal is crucial to ensure the owner receives just compensation.   

2. New York Real Estate Transactions:

Buying or Selling Property: Attorneys may advise clients to get an independent appraisal to ensure they're paying or receiving a fair price.

Foreclosure: Appraisals are necessary to determine the value of a property in foreclosure proceedings.   

3. New York Estate Planning and Probate:

Estate Taxes: Accurate property valuations are essential for calculating estate taxes and ensuring proper distribution of assets.   
Inheritance: When property is inherited, an appraisal may be needed to establish its value for tax purposes or to divide it among beneficiaries.   

4. New York Bankruptcy:

Asset Valuation: In bankruptcy proceedings, appraisals help determine the value of a debtor's assets, including real estate.   

5. New York Tax Appeals:

Property Tax Assessments: If a property owner believes their property taxes are too high, an appraisal can be used to challenge the assessment.   

Key Benefits of Using Appraisers:

Objectivity: Appraisers, such as those at Greco Appraisal Services provide an unbiased, independent assessment of a property's value.   

Expertise: Certified appraisers have the knowledge and training to conduct thorough valuations, considering various factors that influence property value.   

Credibility: A professional appraisal report carries weight in legal proceedings and negotiations.   

In summary, attorneys rely on real estate appraisers to provide credible, objective valuations that are essential for resolving disputes, facilitating transactions, and ensuring fair treatment in various legal and financial matters.

 



1-914-469-5946

As an attorney, you need solid, defensible documentation that provides an accurate determination of property value.  You can rely on Greco Appraisal Services, Inc. for all of your New York appraisal needs.  We provide real property appraisals to assist with New York Estate Planning, New York Divorce proceedings and New York Date of Death evaluations. Greco Appraisal Services, Inc  also provides real estate appraisals to assist with bail/bond proceedings, tax appeals,  real estate refinance and purchase transactions, private mortgages and PMI removal.

As an experienced professional who understands and respects the sensitive and private nature of your business, I am committed to providing you only the most exact, most thorough property appraisals quickly and securely.  

Please contact us directly at 914-469-5946 or simply fill out the below form with any questions that you may have. 

Greco Appraisal Services, Inc
914-469-5946
www.grecoappraisalservices.com

 

 
   
 

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