How to Conduct a Date of Death Appraisal: Tips and Procedures
A Date of Death Appraisal is a specialized real estate valuation that determines the fair market value of a property as of the decedent's date of passing. It’s commonly required for probate, estate tax reporting, or equitable distribution among heirs. Here’s a simple guide on how to properly conduct this appraisal:
The key objective is to establish the property's value on the exact date of death—not today. This retrospective value is critical for tax purposes, legal filings, and asset division.
Always work with a state-certified appraiser who is experienced in retrospective valuations. They understand the legal requirements and how to compile IRS-acceptable reports.
Collect documents such as:
Title/deed
Property tax records
Floor plans or prior appraisals
Details of any improvements made prior to the date of death
The appraiser will analyze comparable property sales that occurred near the date of death—typically within 90 days before or after—to determine fair market value.
The final report should be USPAP-compliant and suitable for IRS, probate court, or estate attorney review.
For trusted Date of Death Appraisals, contact Pacific Home Appraisers at 818-880-1466 or visit www.PacificHomeAppraisers.com. Certified. Compassionate. Experienced in Estate Valuation.