• Implications of a Real Estate Appraisal in a Down Market
  • July 10, 2009 | Author: Elizabeth Mason Horsley
  • Law Firm: Williams Mullen - Richmond Office
  • Given the current condition of the real estate market, how accurate is your appraisal of real property held in trust? What are the implications for a fiduciary who is not able to sell property held in trust, or is not able to sell the property at a price close to the appraised value? If you have had to consider these questions, you know it is difficult to find comparable sales to support an appraisal, and it may be difficult to find any sales.