Articles on Real Estate

Whether you need a valuation for insurance coverage, tax purposes, legal proceedings, or financial planning, understanding how digital appraisals work can save you significant time and money while providing the reliable documentation you require. An online appraisal (also called a virtual appraisal or digital appraisal) is a professional property or asset valuation conducted remotely using digital technology, photographs, and comprehensive data analysis, without requiring an in-person visit.

At AppraiseItNow, we see clients every day who need clarity about the appraisal process. Some are surprised by their appraised value. Others wonder why it differs from online estimates. Many simply want to understand what goes into these crucial calculations that can impact insurance settlements, tax assessments, and legal proceedings. Here's how professional appraisers actually determine fair market value, and what you can expect when you order an appraisal.

Inheriting property can feel overwhelming, especially when you're trying to figure out the tax implications. The good news is that you're likely entitled to a significant tax benefit called "stepped-up basis" that could save you thousands of dollars when you eventually sell. Understanding how to determine the cost basis of inherited property is crucial for making informed decisions about your inherited asset.Whether you've recently inherited a family home, investment property, or business, you need to know your cost basis to calculate potential capital gains taxes accurately. We'll walk you through the entire process, from understanding the stepped-up basis rule to getting the professional appraisal you might need.

When you're handling a loved one's estate, determining the accurate value of real estate can feel overwhelming. A probate appraisal provides the fair market value needed for estate settlement, tax purposes, and equitable distribution among beneficiaries. The process typically takes 1-2 weeks and costs between $85-450, depending on property complexity and location.

When someone passes away, their assets need proper valuation for estate settlement and tax purposes. This is where probate appraisal becomes essential in estate planning. A probate appraisal determines the fair market value of a deceased person's assets at the time of death, ensuring accurate distribution to heirs and proper tax calculations.

Getting your estate valuation right can save your family thousands in taxes and prevent costly disputes. Whether you're planning ahead or settling an estate, accurate asset valuation forms the foundation of effective estate management and tax compliance.