People do not just decide to have a note appraised. There is always a reason. The reason will determine the appraisal approach to be used. If the note is being valuing for taxation purposes-inheritance tax, gift tax, estate tax, donation tax deduction-the IRS will specify the appraisal definition to be used. If the note is being valued for selling purposes, the potential buyer will probably have an opinion of value that differs from the seller’s. Negotiations will be required to arrive at a mutually agreeable price and complete the transaction.
Posted in: Note Appraisal