Who helps Value the Real Estate and Other Assets?

 Also called a Probate Comparative Market Analysis (PCMA), a Real Estate Opinion of Value Letter establishes the fair market value of a home at the time of the decedent’s passing.

Often requested by accountants or CPAs for estate tax purposes.

Provides an official estimate of the home’s value without the cost of a full appraisal.

Should be prepared by a CPRES Realtor familiar with probate property nuances.

This document is essential for accurate estate reporting and ensures that property value is correctly reflected in tax filings and distributions.

 A Licensed/Certified Real Estate Appraiser provides a full, detailed appraisal of the property.

Offers an official, court-recognized valuation.
Includes thorough inspection of the property, analysis of comparable sales, and a written report.
Often required by probate courts, lenders, or in cases of estate disputes.
 

Appraisers ensure that the property’s market value is documented objectively, providing a reliable basis for sales or estate accounting.

 Personal property appraisers evaluate items inside the estate, such as furniture, artwork, jewelry, antiques, and collectibles.

Establishes value for estate inventory and tax purposes.
Helps determine which items are sold, donated, or retained by heirs.
Provides documentation for legal or insurance purposes.
 

A thorough appraisal ensures the estate’s personal property is accounted for and valued accurately.

A personal property estate liquidator handles the sale, donation, or disposal of the decedent’s belongings.

Sells furniture, collectibles, and household items through estate sales, auctions, or consignment.
Coordinates charitable donations when applicable.
Helps executors maximize value while reducing the burden of managing numerous items.
 

Liquidators make the process more efficient and reduce the emotional and logistical challenges of clearing out an estate

 Maintaining a probate property is often essential to preserve value and prevent deterioration during the probate process. Property care services may include:

Handyman services for repairs and upkeep

Electrician, plumber, and roofer services for safety and maintenance

Pest control to prevent infestations

Property management to oversee ongoing needs

Landscaping and lawn care to maintain curb appeal

Trash hauling and cleanouts for cluttered or unoccupied homes
 

A CPRES Realtor can coordinate these services, ensuring the property remains in good condition and is market-ready for sale or transfer.