Professional Probate Real Estate Appraisal Services
As Personal Representative of the estate, it is your responsibility to determine the value of all property, including real estate.
Your attorney may recommend that you get an appraisal, completed by a Colorado Certified appraiser, to give you an opinion of the Fair Market Value of the estate's real property. In cases where an appraisal is cost prohibitive or unnecessary, a Broker Price Opinion will give you an estimated selling price.
A professional real estate appraisal is an important part of settling an estate. In Colorado, settlement of an estate typically requires an appraisal, completed by a qualified professional, to establish Fair Market Value for the residential property involved. Fair Market Value is defined as the price at which a property would change hands between a willing buyer and willing seller, neither being under compulsion to buy or sell.
For estate tax purposes or disposition of the estate's real property assets of the decedent, a "date of death" valuation is often required. Occaisionally, the Personal Representative of the estate may choose to have the date be six months after the date of death. We are accustomed to the procedures and requirements necessary to complete a retroactive appraisal, with a Fair Market Value opinion effective as of the date of death or six months later. Your tax and legal counsel should advise you as to which appraisal effective date is best.
Experienced Certified Residential Appraisers
Great
Estates, Inc. employs only Colorado State Certified Residential Real Estate Appraisers with specific experience in estates, probate, trusts, wills and tax valuation.
Chief Appraiser Russell Harrist is a Colorado Certified Residential Appraiser (license #CR40022648), with over 10 years experience as a Colorado real estate appraiser and over 20 years experience as a Colorado real estate broker.
Accountants and Attorneys rely on our professional valuation services to help them determine residential real estate values for estates, trusts, wills and tax purposes. We understand your needs and the needs of all parties involved, including requirements of courts and government agencies.
A professional appraisal gives you the Personal Representative, a written supported value opinion that meets IRS and state agency requirements. You have the comfort of knowing we are there to stand behind the appraisal in the event it is challenged. We will take the time and do the research necessary to provide you with an accurate real estate appraisal.
At Great Estates, Inc., we take pride in helping you deal with your probate estate needs. We are centrally located in the Denver, Colorado metropolitan area. Currently we provide service in the Denver and Boulder metropolitan areas, as well as many Colorado mountain communities. If we don't cover an area, we know someone who does. See our Service Area Map .
Contact us today to schedule an appraisal.
