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  1. #11
    Join Date
    Sep 2010
    Posts
    19,602

    Default Re: Capital Gains Tax on Inherited Home

    Zillow isn't an appraisal either. While it's based on nearby home sales, it has no way of actually valuing property that's useful.

  2. #12
    Join Date
    Feb 2020
    Posts
    6

    Default Re: Capital Gains Tax on Inherited Home

    Quote Quoting MaltbyMark
    View Post
    Has the sale closed? I hope you have time to get an appraiser in there before the new owners move in
    Yes the sale has closed. However the buyer is letting me stay in the house through May at no cost.

    The price of the house on Zillow and similar sites had decreased since last April. Although the house is old (1947) itís in a very exclusive area in the Bay Area. We had eight offers.

    Iíll get an appraisal, thanks for the helpful feedback.

  3. #13
    Join Date
    Jan 2019
    Location
    Pugetopolis
    Posts
    114

    Default Re: Capital Gains Tax on Inherited Home

    You've undoubtedly caught on, but just make sure you ask for a time of death appraisal. That'll be old hat for your appraiser.

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