ESTATE APPRAISAL – Settling an estate is one of those things that most people know little about until they actually go through the experience.
It is a sensitive time and we strive to provide professional service during this time of need.
When an estate has a transfer of ownership due to death or inheritance, it is very common for a real estate appraisal to be needed for tax purposes. Oftentimes during the settlement process, either an attorney or accountant will order an appraisal or have a family member or executor select an appraiser for the job. Other terms used for these types of appraisals are: date of death appraisal, retrospective appraisal, or probate appraisal.
The need to appraise a home based on a prior date, which is typically the date of the owner’s death, is fairly common with estate appraisals. Sometimes a current value appraisal may also be ordered for purposes of sale or settlement between heirs. We are very familiar with the process and can work with you, your attorney or accountant and determine the market value of the property.
Having a professional appraisal done to calculate real property values for an estate to carry out the wishes of the deceased also makes it easier for the executors to meet IRS and state requirements.
That’s why attorneys and accountants rely on Washington Appraisal for accurate appraisal reports that can be used in court and various agencies in the Washington, DC metro area
If you want to order a residential home appraisal now or receive a free quote, call us today at 202-646-1150 or go to our contact page to give us more details of your situation. Check out what others are saying about us too and click here.