DATE OF DEATH VALUATION

Why date of death, estate or IRS appraisals are needed?
When a person dies, the government needs from relatives a last tax payment for decedent’s assets. Among these assets, real estate properties are often the most complex and consequent ones. The valuation of real estate assets will enable the IRS to determine whether a federal return tax is due. However, the value of real estate must be the one at the date of the death, even if several months have past. As the value at a past date must be determined, a retrospective appraisal needs to be done. Then, the appraisal report that will be issued aims at being used by the IRS for tax calculation, but may also be used by attorneys, accountants, executors, private parties and so on. Therefore, the appraiser must meet certain quality and regulation criteria. The appraiser must also be familiar to the IRS Real Property Valuation Guidelines and be designated and qualified under the IRS tax regulations.

Why choose Pahroo?
Pahroo Appraisal & Consultancy meets all requirements explained above to fulfill very serious appraisals, and also follows the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines.
Pahroo’s appraisers are used to deal with this very specific type of situation. Their experience in Date of death valuations will enable them to carry out the appraisal in a very  efficient way. As we know how difficult these moments of life are, our appraisers will show the greatest professionalism to meet your needs.

To carry out retrospective appraisals, Pahroo’s appraisers use their set of data about real estate market at the specified date: other properties values, market trends, transactions, etc. Thanks to this basis of information, our appraisers will use their knowledge and experience to determine the past date value of the property, in the most accurate way

If you recently lost a parent and need a real estate appraisal for tax purposes, our trustworthy appraisal team will be honored to assist you. Please contact us.