PROPERTY VALUATIONS
Probate Property Valuations
Estate Administration
When an estate includes residential property, a valuation may be needed to establish its market value.
We provide an independent written property valuation to assist executors, administrators and their professional advisers with estate administration.
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THE PURPOSE
A Property Value at the Date of Death
A probate valuation considers the property's market value, rather than simply stating a current asking price.
It can form part of the information used by executors or administrators when preparing estate figures and dealing with the grant process.
Probate and inheritance tax matters often overlap, but this service page focuses on the property valuation needed for administering the estate. Tax treatment should be discussed with an appropriate adviser.
WHEN IT MAY BE REQUIRED
Supporting the Administration of an Estate
A probate property valuation may be requested:
✓ When residential property forms part of a deceased person's estate
✓ To establish market value
✓ By executors, administrators, solicitors or other estate advisers
✓ Where a clear written valuation is required rather than an estate-agent appraisal
INFORMATION AND LIMITATIONS
The Relevant Date Matters
We will need the property details, the date of death and information about its condition and tenure at that date. Access arrangements and any material changes since then should be explained.
The valuation addresses property value, not the wider administration of the estate or personal tax and legal advice. Additional information or specialist input may be required in unusual cases.
THE VALUATION PROCESS
How the Valuation Is Prepared
The scope is agreed for the purpose and relevant valuation date before the report is prepared.
01
Confirm the instruction
We establish the client, property, purpose, date of valuation and intended use of the report.
02
Review information
Relevant tenure, accommodation, condition and available property information are considered.
03
Inspect and research
The property is inspected where appropriate and relevant market evidence is reviewed.
04
Prepare the report
A written valuation is provided with its basis, assumptions and limitations clearly stated.
WHAT YOU RECEIVE
A Clear Written Valuation
You receive a written report identifying the property, the relevant date and the opinion of market value for the agreed purpose.
The report sets out the basis of valuation together with material assumptions, information relied upon and any limitations affecting the opinion.
The valuation can be supplied to the estate's professional advisers as appropriate, but it does not replace their legal or taxation advice.
REQUEST A QUOTATION
Discuss a Probate Property Valuation
Tell us the property address, date of death, your role in the estate and any access considerations. We will confirm the appropriate scope and provide a quotation.
Request a Quote