Understanding the Importance of Date of Death Appraisals – Holmby Hills
When a loved one passes away, managing their estate requires a balance of emotional care and legal accuracy. One of the most essential steps in this process is obtaining a Date of Death (DOD) appraisal, which determines the fair market value of real estate as of the date the decedent passed away. In a world-class market like Holmby Hills, where estates often exceed eight figures and every property is truly unique, a certified and locally knowledgeable appraisal is critical for probate court filings, IRS documentation, and equitable asset division.
At Pacific Home Appraisers, we specialize in high-value property appraisals and offer trusted, USPAP-compliant Date of Death appraisal services throughout Holmby Hills and the greater Los Angeles area.
A Date of Death appraisal, also known as a retrospective appraisal, provides the estimated market value of a property based on the real estate market conditions at the time the owner passed away. Unlike current appraisals, DOD appraisals use historical sales data to determine what the home was worth on that specific date.
In Holmby Hills, where estates range from architectural landmarks to ultra-private gated compounds, accurate valuation requires in-depth knowledge of the neighborhood, land values, development potential, and luxury home features.
1. IRS and Estate Tax Compliance When an estate exceeds the federal exemption threshold, the IRS requires a certified appraisal to support the value of real property included in IRS Form 706. A DOD appraisal ensures accurate tax reporting and helps prevent costly disputes or audits.
2. Step-Up in Basis for Inherited Property Heirs benefit from a stepped-up tax basis, which adjusts the property’s value to its market level at the time of death. A Date of Death appraisal documents this adjustment, potentially saving the estate significant capital gains taxes down the line.
3. Equitable Distribution of High-Value Assets In large estates with multiple beneficiaries, a neutral, third-party appraisal ensures that each party receives a fair share. Whether the property is kept by one heir or sold, a certified DOD appraisal supports an objective and transparent division of assets.
4. Required for Probate and Trust Administration The probate courts in Los Angeles County require USPAP-compliant appraisals as part of estate documentation. A Date of Death appraisal ensures the property value is correctly reported and legally defensible.
You’ll need a DOD appraisal if:
You are the executor, administrator, or trustee of an estate with real property in Holmby Hills
The estate includes real estate subject to probate or trust administration
You are working with a CPA or estate attorney for tax filings or valuation
The property is to be sold, refinanced, retained, or divided among heirs
The estate is required to file IRS Form 706
You need to establish a stepped-up basis for tax planning and capital gains protection
Even if the property is not being sold immediately, a certified appraisal protects the estate by providing a credible and supportable valuation.
Property Evaluation We review the estate’s location, square footage, condition, architectural design, land features, views, privacy, and amenities. If access to the home is not available, we reconstruct the property profile using MLS records, past listing data, photos, and public documents.
Historical Market Research We identify comparable high-end sales from the same time period—often pulling data from Holmby Hills and nearby enclaves such as Bel Air and Beverly Hills. Each sale is carefully vetted for relevance and similarity.
Sales Comparison Approach Adjustments are made for square footage, design, location, and other premium features. This allows us to derive a market-supported valuation reflecting the property's worth as of the date of death.
Certified USPAP-Compliant Report Our appraisal reports are prepared according to the Uniform Standards of Professional Appraisal Practice. These reports are accepted by courts, the IRS, attorneys, CPAs, and fiduciaries.
In addition to Date of Death appraisals, Pacific Home Appraisers provides:
Divorce Appraisals for impartial and court-ready valuations
Expert Witness Appraisals for litigation, depositions, or settlement negotiation
Appraisals for Any Intended Use, including pre-listing, refinancing, estate planning, gifting, or property tax appeals
We understand that luxury properties require a higher standard of accuracy and discretion—and we deliver just that.
Holmby Hills is home to some of the most valuable residential real estate in the United States. From historical estates to modern architectural icons, this market requires more than just technical appraisal skills—it requires insight, experience, and market fluency.
With over 5,000 appraisals completed, Pacific Home Appraisers offers:
Fast delivery within five to seven business days
Rush service available within 48 hours of inspection
Clear and responsive communication with attorneys, CPAs, and family members
Reports accepted by courts, IRS, banks, and financial institutions
We provide clarity and accuracy in even the most complex cases.
Can a Date of Death appraisal be completed long after the date of death Yes. These are retrospective appraisals and can be performed months or even years later, using historical market data.
Do I need an appraisal even if the property is not being sold Yes. A Date of Death appraisal is still required to establish the stepped-up basis and to satisfy estate tax or probate court requirements.
Can I use the tax assessor’s value instead No. Assessed values are intended for property tax purposes and are not accepted by the IRS or probate courts. A certified, USPAP-compliant appraisal is required.
If you are managing a trust, estate, or probate case in Holmby Hills, let Pacific Home Appraisers provide you with accurate, professional, and certified valuation services.
Call 818-880-1466 Email kiani105@yahoo.com Visit www.pacifichomeappraisers.com