Date of Death

We are IRS Qualified

Date of death appraisals, or estate appraisals, help to determine the Fair Market Value of the real estate as of the time of the owner’s passing. Anyone involved in the settlement process may order a date of death appraisal. The executor of the estate or another family member usually orders them. The accountant or lawyer may also order the appraisal. They are usually completed by a state-licensed real estate appraiser when settling an estate. This appraiser is referred to as a qualified appraiser by the IRS.

Real property isn’t like publicly traded stock or other items which don’t fluctuate in value very much or for which historical public data is available. You need a professional real estate appraiser, bound by the Uniform Standards of Professional Appraisal Practice (USPAP) for a high degree of confidentiality and professionalism, and you need the kind of quality report and work product taxing authorities and courts need and expect.

If you need a date of death appraisal in the Washington DC Area, click here for a free appraisal fee quote.