Miami, Florida, United States
Services
Needing your home measured? Let Source Valuations, LLC help.
Our certified appraisers will provide you with an accurate measurement or floorplan of your home's dimensions to establish a fair value when buying or selling a home, cut down property taxes from incorrect estimates, or market to potential clients when selling real estate.
Let Source Valuations, LLC be your choice for measurement services
What are floorplan services?
A measurement service is just what it sounds like: Based on your requirements, an appraiser will measure your home's dimensions and square footage, then draw a basic or highly detailed layout. The appraiser's report and floorplan is a form that can be used to prove the accurate Gross Living Area (GLA), the sum of all livable area, of your home. These services are helpful and sometimes necessary when challenging property taxes or selling a property.
How does a home measurement service work?
During a home measurement or floorplan service, a certified appraiser measures your property with a measuring tool — either a tape or laser measuring device. As they tour the property, they observe the layout of the rooms and other features, like stairs, hallways, and fireplaces. They may sketch out the property. Then, the appraiser develops a report and detailed sketch showing the total living area of the house and the general layout. The result is a document that can be used to prove certain specs of your property — like the Gross Living Area (GLA) — on tax documents, property listings, and more.
When is a home measurement or floorplan service needed?
Challenging real estate taxes
Tax records frequently reflect inaccurate area of a property because the values can come from many sources, and sometimes go unproven — meaning you may be taxed for more space than you have! Unless a certified appraiser has completed a recent evaluation or home measurement service on your property (after any updating that may have affected square footage), you'll need an appraiser to perform a measurement service before disputing what you're taxed. An appraiser will determine the accurate Gross Living Area (GLA) of your property so your taxes reflect the actual square footage — and you can stop paying more than your house is worth.
Selling a property
A measurement service will secure a fair price for your home. Square footage is one of the most important elements potential buyers consider when purchasing a home — but since these values are often estimated rather than properly measured, your listing might show less Gross Living Area (GLA) than it actually has. An inaccurate GLA not only reduces the potential selling price for your home, but possibly even the number of interested buyers. The only sure method of using a precise GLA when listing your home or property is to refer to a previous appraisal or measurement service executed by a certified appraiser (after any updating that may have affected square footage).
Information for real estate agents
To make certain that your client's home closes at a price that correctly reflects market value, we suggest asking for a floorplan service for the property. Your clients, and potential buyers, will be grateful for your thoroughness, and you can be certain that the GLA on your client's listing is a true representation of their home. A floorplan can also be a wonderful marketing tool for getting potential buyers interested because they can see the layout and characteristics of the property before and after touring. Contact us today to learn more about our measurement services.
Assessment appeal services
Most localities determine your property tax burden based on an ad valorem assessment of the property's value. If you you get an unwanted surprise in the mail stating your taxes are going up, you may have good reason to differ with their assessment. Sometimes, matters like this can be solved with a phone call. However, if after discussing your assessment with your local taxing authority you still feel your property was overvalued, an independent, third-party appraiser is often your best bet in proving your case.
There are as many different procedures for appealing assessments as there are property taxing districts, so it's important to enlist the help of a professional appraisal firm that's experienced and trained in the ins and outs of your particular jurisdiction.
Call Source Valuations, LLC and put our experience to work for you when challenging your property tax assessment in Miami-Dade County.
Please note: It makes sense to do your own research before determining whether to go forward with a property assessment appeal, especially before you make the decision to hire a professional appraiser. However, according to the Uniform Standards of Professional Appraisal Practice (USPAP), we are not allowed to take "shortcuts" -- i.e., your research -- and use it on its face as part of our independent evaluation. When you hire us for an assessment appeal, you're commissioning an independent, third-party professional appraisal report. As such we do our own evaluation, beginning to end. If you're right that your property has been overvalued, an independent report such as ours will be even more persuasive than any other evidence you can marshal on your own. But it depends on our ability to do the work independently.
Sometimes, you will have a hearing on your assessment appeal and will need for the appraiser you've hired to testify on your behalf. Be assured that at Source Valuations, LLC, we are able to professionally and persuasively testify at appeal hearings. Browse our website to learn more about our qualifications, expertise and services offered.
Divorce Appraisals in the state of FL by Source Valuations & Real Estate Services, LLC
Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two alternatives when it comes to real estate - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties should commission an appraisal of the residence.
Contact us if you require an appraisal dealing with a divorce or other division of assets.
An appraisal for divorce purposes needs a well-supported, professional document that is defensible during a trial. Source Valuations & Real Estate Services, LLC guarantees an exceptional level of service with courtesy and top notch analysis. Handling the particular needs of a divorce situation is not a problem for us.
Attorneys in FL and accountants depend on our values when ascertaining what the real property is worth for estates, divorces, or other disputes where it is important. We have a lot of expertise working with everyone involved and are ready to assist with your needs. We submit appraisal reports for courts or various agencies that meet or exceed their requirements.
As a legal professional working with a divorce, your case's research often necessitates an appraisal to ascertain fair market value for the residential real estate involved. A great deal of the time the divorce date may not be the same as the date you ordered the appraisal. We're comfortable with the techniques and requirements fundamental to develop a retroactive appraisal with an effective date and Fair Market Value opinion corresponding to the date of divorce. We perform many divorce appraisals and we understand that they need to be handled delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, resulting in the utmost discretion.
Estate Settlement Appraisals in FL by Source Valuations & Real Estate Services, LLC
The responsibility of settling an estate, while stressful is very important. As an executor you have been entrusted to carry out the wishes of the deceased as promptly and with as much dignity as possible. You can count on us to act quickly and with as much sympathy to the feelings of everyone involved.
We've made it our company's goal in supplying excellent appraisals that attorneys and accountants have come to rely on. Often, the parties involved will have differing expectations of how the appraisal process should work; however, our experience of the estate process will undoubtedly satisfy all parties involved. We furnish appraisal reports that surpass the necessities of the legal system and other agencies.
Contact us as soon as possible to discuss your individual estate appraisal specifications and how we can put our knowledge to work for you.
Settling an estate most often demands an appraisal to acquire fair market value for the house therein. It's understandable that ordering getting an appraisal is the farthest thought from your mind. So, we understand that the time an appraisal is needed will not match the date of death. Source Valuations & Real Estate Services, LLC assures that our appraisers are accustomed to the procedures and requirements needed by revenue services to provide a retroactive appraisal with an effective date and fair market value estimate matching the date you suffered the loss of your loved one. The ethical requirements stated within the Uniform Standards of Professional Appraisal Practice (USPAP) attunes our company to confidentiality, ensuring the strongest degree of discretion for you and your family.
Many people do not understand that the IRS needs reports filed to explain the numbers involved in estate sales.
One of the most significant requirements in an appraisal is an appraiser-backed opinion of value in a comprehensive explanation as to how the appraiser came to his conclusion. This sort of report will clearly substantiate your claim that the numbers expressed within the report are well-founded and accurate.
Having a professional appraisal report from Source Valuations & Real Estate Services, LLC gives the executor solid facts and figures to work with in meeting IRS and FL state agency requirements. There's no need to have anything but peace of mind when getting an appraisal from Source Valuations & Real Estate Services, LLC, because we will stand by it no matter what.
A comprehensive report showing the appraiser's opinion of value is required to back the methods the appraiser used to come to his conclusions.
Expert Witness Testimony
We offer a full range of Real Estate Appraisal services, with experience in many types of property. We are also experienced in litigation support and expert witness services. Clients who have used our expert testimony services include government agencies, tax entities, financial institutions, legal and accounting firms and many other businesses. In many cases, our independent, supportable analysis has allowed clients to settle cases without going to court.
An appraiser must remain unbiased in performing an appraisal of a property. But we can consult with you and advise you about the relative strength of an appraisal presented by opposing parties. We can also perform additional research and analysis to support or discredit assumptions or conclusions.
Some examples of issues we have experience with include:
- Valuation of "stigmatized" property
- Valuation as of a date in the past
- Valuation for condemnation and eminent domain cases
- Effect on value of properties with history of flood
- Estate settlement
- Effect on value caused by insect infestation
- Valuation for divorce, partnership, taxation issues etc.
With our experience and proven track record we are ready to take on any type of appraisal assignment and our appraisal values stand up under the most severe scrutiny.
