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.
What happens next?
Share the property address and what the appraisal needs to help you decide. Van will discuss assignment suitability, the intended use and users, effective date, fee and timing. Property observation, research and reporting are tailored to the agreed scope. You can ask questions about the process and the completed analysis.
Service is available across our Southeast Tennessee and Northwest Georgia coverage area, subject to the needs of the assignment.
Discuss your appraisal