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Real Estate Value Determination

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lorenzo45

Junior Member
Washington State

How should real estate property be evaluated for purposes of determinig the value of an estate? What does the IRS consider valid? Can you use assessed value for tax purposes, a real estate agent's market evaluation based upon comps or do you have to use a professional appraiser? There are a number of properties involved and I would rather not have to pay for a number of appraisals.
 


HomeGuru

Senior Member
Washington State

How should real estate property be evaluated for purposes of determinig the value of an estate? What does the IRS consider valid? Can you use assessed value for tax purposes, a real estate agent's market evaluation based upon comps or do you have to use a professional appraiser? There are a number of properties involved and I would rather not have to pay for a number of appraisals.
**A: a professional appraiser is the best substantiation of value.
 

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