Probate Appraisal

Get the Right Appraisal for Your Property in Washington State

Our probate appraisal service is focused on the laws of Washington State, providing accurate and reliable appraisals of real property for probate purposes. Our certified appraisers have the knowledge and experience to assist attorneys, executors, and other interested parties in determining the value of real property during the probate process. We specialize in appraisals for all types of properties, including residential, commercial, and industrial properties.

How does a probate appraisal differ from a lending or mortgage appraisal?

A probate appraisal differs from a lending or mortgage appraisal in several ways. The main difference is the purpose of the appraisal. A lending or mortgage appraisal is done to find out how much a property is worth so that a loan or mortgage can be given. In contrast, a probate appraisal is done to find out how much a property is worth on the open market so that an estate can be settled or assets can be divided.

Another key difference is the level of detail included in the appraisal report. A lending or mortgage appraisal typically includes a summary of the property's physical characteristics and a comparison to recent sales of similar properties in the area. A probate appraisal, on the other hand, may include a more detailed description of the property, as well as an analysis of local market trends, zoning and land use regulations, and other factors that could impact the property's value.

Types of probate administration in the state of Washington:

In the state of Washington, there are three types of probate administration: formal, informal, and small estate.

1. Formal administration is used for estates with a value greater than $100,000 and involves court supervision and oversight.

2. Informal administration is used for estates with a value less than $100,000 and does not involve court supervision.

3. Small estate administration is used for estates with a value less than $100,000 and involves a simplified process that can be completed without court supervision.

How much money does a probate appraisal typically cost?

The cost of a probate appraisal can vary depending on a number of factors, including the type of property being appraised, its location, and the complexity of the appraisal. In general, a probate appraisal can cost anywhere from $700 to $1,500 or more. It is important to work with a certified appraiser who has experience with probate appraisals to ensure that the appraisal is accurate and reliable.