Estate & Date-of-Death Appraisals in Springfield, MA
When a property changes ownership due to death or inheritance, a clear and impartial valuation becomes essential. Pilgrim Colonial provides estate appraisals—including retrospective “date-of-death” appraisals—that are USPAP-compliant and written for probate courts, attorneys, CPAs, and families in Springfield and across Hampden County.
What Is a Date-of-Death (Retrospective) Appraisal?
A date-of-death appraisal—also called a retrospective appraisal—determines the home’s fair market value as of a specific date in the past, most often the owner’s date of passing. We analyze verified sales and market conditions from that period and document our conclusions in a clear, defensible report.
When Are Estate Appraisals Typically Ordered?
Every estate is unique, but many appraisals are requested within 2–6 months after a loved one’s passing. In some cases they’re needed immediately; in others, they may be appropriate a year or more later depending on probate timelines and tax requirements.
Current Value vs. Retrospective Value
Alongside a date-of-death appraisal, families and advisors often request a current market value to support decisions like selling the home or negotiating a buyout among heirs. We can provide either valuation—or both—based on your needs.
Our Process
- Intake & Scope: Confirm effective date, intended use/users, and any deadlines (probate or IRS).
- Inspection & Data: Interior/exterior inspection when feasible; research of sales and market trends around the required date.
- Analysis & Reporting: USPAP-compliant report with transparent adjustments, narrative, and reconciliation.
- Delivery & Support: Timelines coordinated with attorneys/CPAs; we’re available to clarify methodology as needed.
Why Choose Pilgrim Colonial
- Local expertise: In-depth knowledge of Springfield neighborhoods and Hampden County micro-markets.
- Court-ready reporting: Clear, defensible, and impartial—suited for probate and tax filings.
- Respectful service: Professional communication throughout a sensitive process.
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Serving Springfield, Chicopee, Longmeadow, East Longmeadow, Wilbraham, West Springfield, Agawam, Holyoke, Ludlow, and Westfield.
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Estate & Date-of-Death Appraisal FAQs
What is a date-of-death appraisal?
It’s a retrospective valuation that establishes the property’s fair market value as of a past date—typically the owner’s date of passing—using comparable sales and market data from that time.
Who usually orders the appraisal?
Executors, attorneys, and CPAs commonly order estate appraisals. Family members can also engage us directly with guidance from their advisors.
Do you need to inspect the interior?
When feasible, yes. If interior access is limited, we can discuss an appropriate scope of work and credible sources to reflect the home’s condition as of the effective date.
How long does it take?
Timing depends on access, complexity, and the effective date. Standard assignments are completed promptly after inspection and document gathering; older effective dates may require additional research time.
Can you also provide a current market value?
Yes. Many estates request both a retrospective value (for probate/tax) and a current value for decisions like selling or buyouts among heirs.
