We are a professional appraisal firm dedicated to providing reliable date-of-death property valuations. Our experienced team understands the emotional and legal challenges families face during estate settlement.
We work closely with heirs, attorneys, accountants, and executors to deliver accurate reports that meet court, probate, and tax authority standards.
Real estate appraisals are used for a wide range of financial, legal, and investment purposes. Understanding why an appraisal is needed helps property owners, buyers, and lenders make informed decisions. Below is a breakdown of the most common reasons property appraisals are ordered.
Our date-of-death appraisal services help heirs and families meet legal and estate requirements. Each report is prepared with detailed research and market analysis.
Determining property value is not always straightforward, as different situations require different approaches. Whether for IRS reporting, estate settlement, selling, or asset management, the right valuation method ensures accuracy and compliance. At Retroactive Appraisal, we provide multiple valuation solutions to match your needs. Our goal is to guide you in selecting the most appropriate method based on your specific situation and intended use.
Property value can vary depending on market conditions, timing, and purpose. A value used for selling may differ from one used for legal or tax reporting. Some methods provide quick estimates, while others meet strict regulatory standards. Choosing the correct approach is essential, especially for IRS filings or legal matters, as using the wrong method can lead to delays, compliance issues, or inaccurate financial decisions.
A professional appraisal is the most reliable method for determining property value. Conducted by licensed appraisers, it follows strict standards and is suitable for IRS reporting, estate settlements, legal disputes, and financial documentation. It includes a detailed analysis of the property, comparable sales, and market trends. Because of its accuracy and compliance, it is considered a legally defensible report accepted by courts and government agencies.
A Broker Price Opinion provides a quick and cost-effective estimate of property value. Prepared by a licensed real estate professional, it is commonly used by lenders, investors, and asset managers. BPOs are useful for distressed properties, foreclosures, and portfolios where speed matters. While they offer practical insights, they are not as detailed as appraisals and are generally not accepted for legal or IRS-related purposes.
We do not charge a fee, you pay the appraiser direct and we coordinate with vetted appraisers within our network. Our parent company is a property management and brokerage company. Often the personal representative needs advisory services in regards to recommendations around highest and best use of the property operations to optimize liquidity for the estate, management, or highest net proceeds paid to the estate. Waller Group is the parent company www.wallergroupcapital.com that provides services in the best interest of the estate, this is where our agents excel and specialize in providing the most value for unique property types, commercial properties, businesses and unique situations. We do not solicit these services but they are available if requested.
Date of Death or retrospective / retroactive appraisal with a date of death no longer than 24 months prior is typically $400-$650 for urban or suburban locations of an average size residential property.
Date of Death or retrospective / retroactive appraisal with a date of death longer than 24 months prior is typically $500-$950 for urban or suburban locations of an average size residential property.
Date of Death valuations such as a Broker Price Opinion or Comparative Market Analysis for less than 24 months prior generally range from $0-$400 for urban or suburban locations of an average size residential property.
Date of Death valuations such as a Broker Price Opinion or Comparative Market Analysis for more than 60 months are generally difficult to provide and a certified appraisal would be recommended.
Date of Death commercial valuations such as a Broker Price Opinion or Comparative Market Analysis less than 60 months are generally $250-$1,200
Date of Death commercial valuations such as a Broker Price Opinion or Comparative Market Analysis for more than 60 months are generally difficult to provide and a certified appraisal would be recommended.
Date of Death or retrospective / retroactive Commercial appraisal with a date of death longer than 24 months prior is typically $1,800-$5,000 for urban or suburban locations of an average size residential property.
Date of Death or retrospective / retroactive Commercial appraisal with a date of death no longer than 24 months prior are typically $900-$5,000 for urban or suburban locations of an average size commercial property.
For Rush orders: Guaranteed completion date prior to 7 days additional 25%
Most appraisals can be completed in 4-14 days depending on appraiser availability and property accessibility.
The appraiser will provide more written detail relative to current market conditions versus the conditions at date of death if the appraisal is for marketing purposes as well as estate settlement.
The appraiser is recommended to measure the house to ensure accuracy of square footage for market value appraisals, often inspecting the property’s current condition is not relative to the condition at date of death so what is more important is providing the appraiser with photos, and documentation to substantiate value at date of death. The IRS requires a licensed appraiser to validate the data.
If I order a BPO or valuation instead of an appraisal will it not comply with the IRS requirement? This is for your attorney or CPA to answer, we can provide a response as to what most prefer if you call and discuss your specific situation with one of our administrators.
Date of Death or retrospective / retroactive appraisal with a date of death no longer than 24 months prior is typically $400-$650 for urban or suburban locations of an average size residential property.
Date of Death or retrospective / retroactive appraisal with a date of death longer than 24 months prior is typically $500-$950 for urban or suburban locations of an average size residential property.
Date of Death valuations such as a Broker Price Opinion or Comparative Market Analysis for less than 24 months prior generally range from $0-$400 for urban or suburban locations of an average size residential property.
Date of Death valuations such as a Broker Price Opinion or Comparative Market Analysis for more than 60 months are generally difficult to provide and a certified appraisal would be recommended.
Date of Death commercial valuations such as a Broker Price Opinion or Comparative Market Analysis less than 60 months are generally $250-$1,200
Date of Death commercial valuations such as a Broker Price Opinion or Comparative Market Analysis for more than 60 months are generally difficult to provide and a certified appraisal would be recommended.
Date of Death or retrospective / retroactive Commercial appraisal with a date of death longer than 24 months prior is typically $1,800-$5,000 for urban or suburban locations of an average size residential property.
Date of Death or retrospective / retroactive Commercial appraisal with a date of death no longer than 24 months prior are typically $900-$5,000 for urban or suburban locations of an average size commercial property.
For Rush orders: Guaranteed completion date prior to 7 days additional 25%
The appraiser will provide more written detail relative to current market conditions versus the conditions at date of death if the appraisal is for marketing purposes as well as estate settlement.
The appraiser is recommended to measure the house to ensure accuracy of square footage for market value appraisals, often inspecting the property’s current condition is not relative to the condition at date of death so what is more important is providing the appraiser with photos, and documentation to substantiate value at date of death. The IRS requires a licensed appraiser to validate the data.
If I order a BPO or valuation instead of an appraisal will it not comply with the IRS requirement? This is for your attorney or CPA to answer, we can provide a response as to what most prefer if you call and discuss your specific situation with one of our administrators.
A Comparative Market Analysis is used to estimate property value when preparing to sell. Real estate agents analyze recently sold homes, current listings, and market trends to determine a competitive price range. This method helps attract buyers and position the property effectively. Although CMAs are useful for pricing strategy, they are not regulated and do not carry legal weight for formal or tax-related purposes.
County tax assessments assign property values for taxation purposes using public data and mass appraisal methods. These values can provide a general reference but often do not reflect current market conditions. In many cases, assessed values differ from actual market value. While helpful for understanding tax obligations, they are not suitable for legal, estate, or financial decision-making where accuracy is critical.
The right valuation method depends on your situation. For IRS reporting or legal matters, a formal appraisal is typically required. If selling a property, a CMA helps determine a competitive listing price. BPOs are useful for quick insights into lending or investment decisions. Tax assessments can serve as a basic reference. Understanding your purpose ensures you choose the correct method and avoid costly mistakes, for your specific situation discuss with an administrator on our team to learn what would be most applicable for your situation.
Property valuation often involves multiple parties, including heirs, attorneys, and financial professionals. Each case requires the right approach and expertise. At Retroactive Appraisal, we help clients navigate valuation options with clarity and confidence. Whether you need a formal appraisal, BPO assistance, or market guidance, we ensure you receive accurate information and the most appropriate solution for your specific needs.
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