Estate Appraisal Services
What Is An Estate Appraisal?
An estate appraisal is a property valuation done by a real estate appraiser to determine the dollar value of the real estate. Estate appraisals are commonly done to determine value for a date in the past to assist with settling the estate.
Estate Appraisals + Date of Death Valuations
An estate appraisal with a date of death valuation is important when a property owner dies because:
This type of appraisal is not done to determine current market value of the property, but rather, the value for a date in the past. This is also commonly referred to as a Date of Death Appraisal, Historical Appraisal, or Retrospective Appraisal.
Why An Estate Appraisal Is Necessary
We understand that in this time of loss, getting an appraisal is the furthest thought from your mind. You can count on Master Appraisal Services to act quickly and with much compassion to the feelings of everyone left behind.
Often, people do not fully realize the importance of a detailed, professional estate appraisal. However, to satisfy the IRS and Arizona state agencies, it’s necessary to support the property value determination with appropriate documentation.
Lawyers and accountants also rely on our residential appraisals when calculating real property values for estates, divorces, or other disputes requiring a value being determined for real property.
What's Needed In An Estate Appraisal
Often, all parties will have different suggestions of how the property value should be determined; however, an Estate Appraisal by a professional, licensed real estate appraiser will undoubtedly satisfy all parties involved.
An Estate Appraisal needs:
A comprehensive report showing the appraiser's opinion of value is necessary to support the methods the appraiser used to come to his conclusions. This sort of report will certainly demonstrate your claim that the values within the report are well-founded and accurate.
Schedule Estate Appraisal Services
We welcome you to look through our website, review appraisal services, join our Facebook community, and learn more about our expert appraisers to see if we are a good fit for your needs.
Give us a call to schedule your appraisal.