Discounting Fractional Interest is when a property is owned by two or more people or entities. This is often done so that the cost of maintenance, taxes, and many other costs associated with owning real estate. Because these types of properties are shared between 2 or more owners the fractional value is valued less than the actual value. This is because each fractional part of the property is worth less than the sum of the property as a whole. The lack of marketability and lack of control of the property makes the value of the home less.
In many instances an appraisal of the whole property will be sufficient, however there are times when the property will need to be appraised as only owning a divided interest. Some of the times when the property will need to be appraised as fractional interest will include:taxation, financial reporting, disputes between owners, marital dissolution, etc.
Please contact our office with any questions you may have or to schedule your appraisal appointment at 760-741-7699, email@example.com or use our contact page on our website.
Brandlin Appraisals Inc. specialize in helping people who need appraisals for estate purposes, divorce, date of death, bankruptcy, FSBO’s and more throughout San Diego county. For more information please contact us at (760)741-7699, or visit our website at Brandlinappraisals.com, or email us at firstname.lastname@example.org
San Diego, CA // Real Estate Appraiser
San Diego Real Estate Appraisal Services For:
* Divorce Appraisals / Marriage Dissolution
* Bankruptcy Appraisals
* Bail Bonds Appraisals
* Estate / Date of Death / Retrospective Appraisals
* Financial Planning & Trusts
* PMI Removal Appraisals
* Pre-Foreclosure & Short Sales
* Tax Assessment Appeals
* Pre-Listing, Pre-Purchase, FSBO’s
* Probate Appraisals