If you inherit a home after a loved one passes away, the home may have to go through probate. This can be an overwhelming time, understandably. There are many new terms to learn. For example: What is a Date of Death appraisal? You may end up needing multiple appraisals before the home is in someone else’s hands. While you get familiar with probate real estate, expect to hear that you need a Date of Death appraisal. This type of appraisal states the value of the real estate as of the date of the death of the home’s owner. This is used for tax purposes.
Your legal counsel can advise you further, but essentially, you have a window of between two and six months in which an appraisal is ordered. So, while it may seem like it must happen immediately, the appraisals are commonly ordered within several months of the death.
You might consider obtaining this appraisal more quickly. For example, if your loved one died withing the six months prior to your filing of your own taxes, it may be prudent to order the appraisal sooner. Sometimes, people order it within two weeks. Prudent legal counsel is an imperative part of the probate process. We can help you find the perfect person to represent you in probate court, so you can worry less about these details.
Do You Need A California Realtor Specializing In Probate?
We are experts in the probate sale under the probate code and trust law. We know the California Probate Code. We won’t let you get lost in it. If you need a realtor in California specializing in probate, please contact us today! We are upfront and honest about the costs of probate. Everyone wants to know about probate fees, but no one wants to talk about them. We will though. Sentinel Realty Partners wants our clients to be fully prepared and fully informed about buying or selling California probate real estate.
We have a list of the absolute best probate lawyers in California available for our customers. Plus, we also have relationships with the most vetted contractors, plumbers and electricians in California. See? We will guide you through every step of the process of selling (or even purchasing) a home involved in probate.
If you are buying a home in California, please have a look at our probate property search. If you need a Los Angeles, Orange County, Riverside, or San Bernardino professional to help you through the probate real estate maze, call us! These waters a murky, and you’ll want a knowledgeable, dependable, responsive team behind you. Check out Sentinel Realty Partners’ client reviews.