Settling an estate means making many decisions at a difficult time. One of the first is often establishing the value of the real estate. Lamb Realty Services, LLC provides careful, independent probate and estate appraisals for personal representatives, heirs, and estate attorneys in Frederick, Washington, Carroll, Montgomery, and Howard counties.
When You Need an Estate Appraisal
• Probate filings: personal representatives often need a supported value for real property in the estate inventory filed with the Register of Wills
• Date-of-death value: commonly used for estate and tax reporting and for establishing cost basis. Talk with your attorney or tax advisor about your situation.
• Dividing property among heirs: a neutral value helps family members agree on buyouts or distributions
• Selling estate property: a current value helps set a realistic price
• Estate and trust planning: valuing real estate held in a trust or planned for transfer
Retrospective (Date-of-Death) Appraisals
Estates are often settled months after the date of death. We can prepare a retrospective appraisal that values the property as of the date of death, using sales and market conditions from that period. We clearly state the effective date and our reasoning in the report.
Respectful, Practical Service
We understand that estate homes are often full of belongings, may need repairs, or may be some distance from the family. We coordinate access with the personal representative or attorney and value the property in its actual condition. Our appraisals follow USPAP and are impartial. We never promise a value to any heir or party.
Frequently Asked Questions
Can you appraise the property if it has been vacant or needs work?
Yes. We value the home in its condition as of the effective date and describe that condition in the report.
Do I need to be at the inspection?
Not necessarily. We can work with a family member, attorney, or agent to arrange access.
How long does it take?
Most reports are delivered within 5 business days of the inspection.
Request an Estate Appraisal
Call 240-731-7900 or email scott@lambrealtyservicesMD.com. We will answer your questions and provide a quick quote.
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