How Do ‘Date of Death’ Appraisals Work

September 29th, 2014 Posted by Educational, Safety 0 thoughts on “How Do ‘Date of Death’ Appraisals Work”

Although not uncommon, these are often hard to find out a lot of information about. Anyone facing this situation certainly needs to be informed and having at least some basic knowledge is important.

In most cases a “date of death” appraisal is for those who have recently lost a loved one or inherited real property.

If a loved one dies and leaves you property or a transfer of ownership occurs because of death, a “date of death” appraisal usually is needed for tax purposes. The appraiser may be chosen by a family member or heir or an attorney or accountant may be appointed to order the appraisal.

These type of appraisals are usually ordered within just a few months from the date of death or the inheritance of the property. There may also be times when the appraisal is ordered in just a few days or weeks or it may also be prolonged past the six-month mark.

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Carrie Wilksen
Carrie Wilksen

5 out of 5 stars

posted 10 months ago

Bill was amazing! We have an investment property in Toledo, OH and don't live in the area. Bill was so easy to work with and efficient. Bill gave us a sense of ease that he'd make it to the property, do a thorough report and send back promptly, which he did. He was flexible around our tenants schedule, kind and considerate. He's familiar with the area and I'd recommend and use Altermatt Appraisal Services again.

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