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 property’s 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 state’s 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

30700 Russell Ranch Rd, Suite 200

Westlake Village, CA 91362

(818) 934-8902

http://www.lydiagable.com/