Selling an Inherited Home on Long Island? Date of Death Appraisal
www.dmaappraisers.com Selling an Inherited Home on Long Island? Why You May Need a Date of Death Appraisal Inheriting a home can create a complex mix of legal, financial, and practical decisions. For many families on Long Island, one of the biggest questions is simple: What do we do with the house? Some heirs choose to keep the property. Others transfer ownership among family members. But in many estates, the decision is to sell the inherited home. Before listing the property, executors and heirs should understand a key valuation issue. The home's selling price today is not necessarily the value that matters for estate and tax purposes. In many cases, the relevant figure is the property's fair market value as of...
