Tuesday, November 17, 2009

Unbiased Fair Market Value in Face of Pressure

Recently, I had a client going through a divorce that insisted on repeatedly requesting that I provide the absolute lowest Fair Market Value (FMV) in order to minimize the impact on his finances of the pending division of property.

There are several ways for an appraiser to approach such situations, from directly explaining to him or her the importance to appraisers of providing an unbiased product, to stating that you (the appraiser) will provide the "most appropriate" FMV, to simply ignoring the issue.


All clients are different and each will likely benefit from a different technique, but I invite you to share your best experiences in such situations.

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