Easy Steps to Calculate the Worth Value of a Real Estate
Select the date of calculation you will use for valuation
purposes. If you are moving home, conducting a property valuation
is an essential step in the process. Things that our calculator
takes into account to determine the propertys value include factors
such as: the number of bedrooms your home has, whether it has a
garden, parking availability, any extensions or conversions, and
how modern the property is.Our online property valuation tool will
then give you an instant estimate.
Gather all financial account statements as of the date of
calculation Financial accounts include bank or credit union
checking, savings, and CD accounts, retirement accounts, such as
401(k) and 403(b) accounts, certain annuities payable to your
estate or to your heirs, and all stocks, bonds, and mutual
funds.
Determine the value of all financial accounts, which is
attributable to the estate The entire balance of a financial
account may not be attributable to the estate. If the account is
owned individually, one hundred percent (100 percent) of its value
should be attributed to the estate. If the account is owned jointly
with a spouse, with rights of survivorship, fifty percent (50
percent) of its value should be attributed to the estate. If the
account is owned jointly with any party, other than a spouse, with
rights of survivorship, one hundred percent (100 percent) of its
value should be attributed to the estate, unless you can prove the
other owner contributed more than half of the value to the
account.
Determine the value of real property as of the date of
calculation Real property is real estate owned by the decedent or
the living person whose estate value you are calculating, and
includes a home, business, or rental property. The Internal Revenue
Service, and most states departments of revenue, requires that real
property values be determined by a licensed appraiser for tax
purposes.
Determine the value of all household items and furnishings
Lydia Gable Realty is considered as one the well known agency in
the real estate industry. We have a team of professionals, having
vast knowledge in this field that will guide you in all aspects of
your investments by planning and executing a proper planned
strategy well in time. Hire our professionals and enjoy our
services. Schedule an appointment now.Lydia Gable
