Settling an estate is something that most people don't know about until they go through the experience. we hope to offer you a bit of insight into the process as it pertains to real estate appraisals.
When an estate has a transfer of ownership due to death or inheritance, it is common for a real estate appraisal to be required for tax purposes. During the settlement process, an attorney or accountant will order the appraisal or have a family member or executor select an appraiser.
Retrospective appraisals, or 'date of death' appraisals, involve appraising a home based on a ‘prior date’ which is typically the owner’s date of death. In addition to needing a retrospective appraisal, oftentimes times the ordering party will also request 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 understands the complexities involved in assessing the value of a property under these delicate circumstances. It is our goal to provide you with the best possible experience.
A good attorney or accountant can help direct you toward the type of value needed for the estate. Additionally, we’re happy to speak with your attorney or accountant to clarify exactly what’s required for your situation.
At Native Appraisal Svc, Inc., we are committed to providing the highest quality appraisal services to our clients. We pride ourselves on our attention to detail, accuracy, and timely delivery. Our team is dedicated to ensuring that every client receives the best possible service and an accurate valuation of their property. Contact us today to experience the Native Appraisal Svc, Inc. difference.