Estate and Date Death Appraisals
Settling an estate is one of those things most people know little about until they actually go through it. Typically, when an estate has a transfer of ownership due to a death or inheritance, a real estate appraisal is needed for tax purposes. During the settlement process, an attorney or accountant may order an appraisal or have a family member or executor select an appraiser for the job. This is where Accurity Valuation comes in.
Retrospective appraisals are fairly common in estate settlement situations. These involve appraising a home based on a “prior date,” typically the owner’s date of death, hence the reason why estate appraisals are often referred to as “date of death” appraisals. In addition to needing a retrospective or date of death appraisal, the ordering party often requests a “current value” appraisal to determine current market value for purposes of sale or settlement between heirs.
Regardless of your needs or the elapsed time, our team of certified appraisers at Accurity Valuation understands the complexities of assessing the value of a property under these difficult circumstances. We will provide you with the best possible experience. Every estate situation is different, and the type of appraised value required depends on the particular needs of the estate. A good attorney or accountant can easily direct you toward the type of value needed for the estate. We’re happy to speak with your attorney or accountant to clarify exactly what’s required for your situation.
Our firm has extensive experience dealing with estate and date of death valuations. Attorneys, accountants, and financial planners rely on Accurity Houston to formulate real property values during estate settlement proceedings.