Saturday, September 04, 2010
IRS Appraisals

Yellow Book Appraisals
 



Ask the Appraiser Ask the Appraiser

telephone  603 722-0663
email  chetrogers@tds.net

Testimonials Testimonials

"My wife and I recently engaged Chet Rogers to do a rather complicated appraisal. For estate planning purposes, we were transferring a portion of our vacation property in Maine to Qualified Personal Residence Trusts (QPRTs) pursuant to the Internal Revenue Code.

The required appraisal presented challenges because we were not transferring all of the property we own at that location, the portion being transferred consisted of land, a house, garage and guest cottage which we were treating in totality as an "estate", the property is located in a rural and largely undeveloped area with few property transfers and none similar to ours, the requirements of the Code for QPRTs are exacting and we needed a solid, defensible appraisal in order to pass muster with the IRS.

Chet delivered for us. His appraisal was reviewed and approved by our attorneys and tax accountants. Besides the quality of its contents, the appraisal format was a work of art. And the job was done promptly, at a reasonable cost and Chet was a pleasure to work with throughout. We would use him again without reservation." ... HB

Green Stuff Saved So Far Green Stuff Saved So Far

2,985 acres saved from development
10,817 feet of lake or pond frontage saved from development
3,300 feet of river frontage saved from development
96 houses NOT built

Conservation Easement Checklist

The following data is required for this assignment, as applicable. Please indicate if not applicable. Surveys, legal descriptions, and title reports of the subject property as well as any other real estate contiguous to the subject that is owned by the easement donor or the donor’s immediate family.

1. Closing statement(s) and deed(s) of any transfer(s) in the last 10 years

2. Contract(s) on any proposed or pending sale(s) in the last 10 years

3. Any written offers to list, sell, buy, or lease the property in the last 10 years

4. Status of any property tax appeals or reviews

5. Zoning and POD approvals, with proffers; status of any proposed or pending zoning changes

6. Proposed easement agreement and plat showing the easement area

7. Description of the relevant conservation attributes of the property (recreation/education, natural habit, open space, scenic, and/or historic significance). Done in consultation with the donee that will be accepting the easement donation

8. Topographical/soils map and any available aerial photography

9. Plat/site plans

10. Copies of any soils, environmental, wetland assessments

11. Inventory of structures noting age, and existing and proposed use

12. All third party rental agreements (w/amendments or pending changes)

13. Project cost breakdown and timing

14. All agreements with adjacent property owners or any other agreements related to the use and development of the subject property

15. Any changes in the operation or unusual conditions that should be considered in our analysis

16. Marketing brochure(s) for subject and similar properties

17. Any existing agreements such as mitigations or quid pro quos on the subject

18. A list (including a brief description and location) of any real estate that is located in the vicinity of the subject property that is owned by the easement donor or any person or entity that is a related person. This includes any other real estate located near the subject property that is owned by you, your immediate family, or any trust, estate, corporation, partnership, LLC, or other entity you (or a member of your immediate family) have a significant interest in. Immediate family means siblings, parents and grandparents, children and grandchildren of all owners. Please seek legal counsel if you have any questions whether there is any such real estate. The appraiser may need more information on any such real estate.

19. Any other information that you feel may be relevant to the valuation of the subject property

20. Contact information:









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