Discuss property valuation for an estate settlement with AREAS, including the required date, property information and report purpose.
Define the assignment early
AREAS offers residential appraisals for estate settlements. Give the team the property address and explain who is commissioning the work, who needs to rely on the report and what decision the valuation will support.
The date matters
Ask your estate adviser which valuation date and property interest the assignment needs to address. If a past date is required, say so at the outset. The available historical information and the condition of the property at that time will need to be discussed.
Organise the property record
Existing plans, photographs, renovation records and tenancy information may help explain the property. If the property has changed since the relevant date, identify those changes rather than assuming its present condition describes its past condition.
Keep professional roles clear
The appraisal addresses the agreed property valuation question. Your lawyer or tax adviser should confirm the legal or tax requirements of the estate. The report should be commissioned with those instructions in mind.
Your starting checklist
Tick items as you prepare. Selections stay on this page only.