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What is an Estate or Probate Appraisal?

An estate appraisal is a key legal document that determines the fair market value of property to settle a will or complete probate so that the home can be sold. As such, it’s vital to enlist the help of a professional real estate appraiser.

Time is of critical importance in an estate appraisal as that it would not be a good idea to delay obtaining an independent (date-of-death) appraisal for inherited assets such as real property. That means the valuation must be based on the facts and circumstances that are available on the specific valuation date (the date of death) and not months or years later.

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