Estate & Date-of-Death Appraisals

The right value begins with the right date.

Handling an estate comes with decisions you may not have faced before. When a home is involved, a professionally developed appraisal can help you and your advisers understand its value for a specific purpose and date.

A date-of-death appraisal considers the property’s market value as of a historical effective date. That is different from valuing the home today. Start by confirming the required date and reporting needs with your attorney or tax adviser.

How Van can help

Discuss the residential property and purpose of the assignment.
Research market evidence relevant to the agreed effective date.
Consider available records of the property’s condition at that time.
Prepare a written appraisal for the agreed intended use and users.

Past value and today’s value can answer different questions.

Estate administration and a planned sale may call for different dates of value. Tell Van what decisions are ahead so you can discuss whether one or more valuation assignments are appropriate.

Older photographs, prior listings, improvement records and information about changes to the home can be helpful for retrospective research.

A little clarity

Questions you may be asking.

What is a date-of-death appraisal?

It is a retrospective appraisal with an effective date corresponding to the date of death. The report may be prepared later, using evidence relevant to the property and market as of that date.

What if the property has changed since that date?

Share what changed and when. Photographs, listings and available records may help establish the earlier condition. The scope, available evidence and any necessary assumptions are considered for the assignment.

Will I also need a current appraisal?

That depends on your purpose. An estate-related date and a current sale decision may require different analyses. Confirm what is needed with your adviser, then discuss the appraisal scope with Van.

Will the report meet a specific tax or court requirement?

Share your adviser’s instructions before ordering so the required purpose, effective date, intended users and reporting needs can be considered. Acceptance by a particular authority cannot be promised.

Let’s start with your property

A clear next step.
A straightforward quote.

Tell Van where the property is and what you need to know. You’ll discuss the scope, fee and estimated delivery before work begins.

(423) 488-3648 VancePatton22@gmail.com

Not sure which service to choose?
A brief conversation is a good place to start.

Careful valuation.Thoughtful support.

The right value begins with the right date.

How Van can help

Past value and today’s value can answer different questions.

Questions you may be asking.

A clear next step.A straightforward quote.

Careful valuation.
Thoughtful support.

A clear next step.
A straightforward quote.