The Dangers of Choosing the Wrong Appraisal Firm
So you have already decided to deconstruct your property, but now you need to choose an appraisal firm to complete the necessary paperwork for the Internal Revenue Service (IRS). How do you know what appraisal firm is better than another? Picking the wrong personal property appraisal firm can have serious consequences, resulting in not getting the tax benefits you were expecting. Here is a guide on what to look for and the danger of not selecting the right personal property appraisal firm.
The Firm Is So Small that It Takes Forever to Complete Your Appraisal.
People’s most common issue when choosing an appraisal company is a significant delay in getting their appraisal document. Unfortunately, there aren’t many personal property appraisal firms with a large staff. Green Donation Consultants has one of the nation’s largest teams, allowing us to process, create, and draft appraisals on a much quicker timeline than other companies. Depending on the appraisal’s size and complexity, we can complete your appraisal and necessary tax forms within 4-8 weeks.
The Firm Is Inexperienced So Your Appraisal Doesn’t Meet IRS Standards.
When you choose the wrong appraisal firm that doesn’t have the experience necessary, they may leave out vital information needed to secure your tax benefits. The GDC team has some of the most experienced appraisers in the entire country and knows exactly what information to include to avoid costly errors. GDC Founder Patrick Smith has been an appraiser for more than 15 years and has handpicked every staff member to re-enforce GDC’s values of education, knowledge, and expertise. Don’t choose a firm with a few fly-by-night appraisers, or it will cost you a lot more in the long run.
The Firm Can’t Handle The Complexity of Your Appraisal.
If you have a more complex appraisal due to the size or content of the materials, it is even more crucial that you choose the right personal property appraisal team. Some sizeable commercial deconstruction projects may require specific knowledge of commercial building materials or need assistance in coordinating the right non-profit to complete the deconstruction and donate the materials. Green Donation Consultants has helped countless clients from residential to commercial finish their appraisal and obtain their tax benefits.