FAQ
Frequently Asked Questions
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A property appraisal provides an unbiased estimate of a property’s market value. It’s essential for buying, selling, estate planning, divorce settlements, and financial reporting.
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A certified property appraiser evaluates comparable sales, property condition, location, and current market trends to provide an accurate market value appraisal.
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Date of death appraisals are used to establish a fair market value for a property as of the owner’s passing. This helps with tax reporting, estate settlement, and probate court documentation.
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A date of death valuation or retrospective house valuation determines a property’s worth on a past date, typically the date the owner passed away, unlike a regular home appraisal which reflects current market conditions.
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A professional death valuation ensures that inherited property is accurately valued for estate division, tax planning, or selling purposes, helping avoid disputes or IRS penalties.
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Mortgage lenders require a certified home appraisal to ensure the loan amount does not exceed the property’s market value. Visit our page for mortgage lenders to learn more.
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While a home inspection checks the property’s physical condition, a property appraisal evaluates its financial worth. Both are crucial in real estate transactions.
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An accurate market value appraisal supports efficient estate division and taxation. Learn how our estate planner services can help navigate the complexities of estate administration.
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The FEMA 50% Rule restricts substantial property improvements in flood zones. A detailed property inspection and valuation can determine if the renovation exceeds the 50% threshold of the property’s market value.
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Insurance replacement cost estimates how much it would cost to rebuild your property, not what it could sell for. It helps ensure you’re properly covered in the event of a total loss.
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Yes. An accurate property appraisal helps avoid legal complications and ensures fair asset distribution during estate planning. Visit our estate planner page for guidance.
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A pre-sale property inspection reveals potential issues that could affect a sale or appraisal, giving sellers time to address repairs and justify the asking price.
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Our certified property appraisers are experienced with lender-specific formats and requirements. We ensure your home appraisal meets all compliance standards.
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No, a home appraisal for estate planning is based on market value, while insurance replacement cost reflects rebuilding cost. Each serves a unique purpose.
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Update your market value appraisal every 1–3 years or after major renovations, life events, or market changes to keep your financial plans, insurance, or estate documents current.
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