Title: Tips to Find Worth Value of Your Home
1Easy Steps to Calculate the Worth Value of a Real
Estate
2Select 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 propertys 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.
3Gather 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.
4Determine 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.
5Determine 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 states departments of
revenue, requires that real property values be
determined by a licensed appraiser for tax
purposes.
6Determine the value of all household items and
furnishings
7Lydia 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
830700 Russell Ranch Rd, Suite 200 Westlake
Village, CA 91362 (818) 934-8902 http//www.lydi
agable.com/