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

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posted 10 months ago

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