If there are no improvements, it shouldn't take any more time to appraise 160 acres than it would 10 acres.
Assuming you haven't already contracted with the appraiser, I think you need to re-think your requirements. Do you really need a certified appraisal?
I can think of three reasons an executor needs to get an appraisal: 1. Property valuation for estate tax purposes. Well, clearly its under the federal exemption, no need for an appraisal. 2. Property valuation in order to determine the new cost basis for future capital gains. As long as the new cost basis sounds reasonable, the IRS isn't going to come back and question the appraised value at death. 3. One of the heirs wants to keep the property, and the remaining heirs think the property is worth more than he does. This is the sticky one.
When splitting up inherited property, getting an certified appraisal SHOULD ensure that everyone is equally unhappy. Of course it also means there's that much less cash in the estate after the appraiser is paid. But there are other ways to settle it without an appraisal. One way is to just put the property up for auction and let the heirs bid for it on the open market. Since there's probably not enough property to justify an auction, instead it can be put up for sale at the highest price the heirs think it's worth; if it doesn't sell for full price after six months and there are no offers greater than what one of the heirs is willing to pay, it goes to the heir that wants the property at the price he's willing to pay.
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Today's Featured Article - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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