When real estate changes hands between family members — a sale to a child, a gift, or an inter-family transfer — the IRS expects the transaction to reflect fair market value. An independent appraisal documents that value and protects everyone involved from later disputes.
Arm's-Length Documentation
Family sales below market value can be treated as partial gifts. A certified appraisal establishes a credible fair market value so the transaction is properly structured and reported.
Gifts and Transfers
For gifts of real estate, an appraisal supports gift tax reporting and helps establish the recipient's cost basis.
Peace of Mind
An objective, third-party valuation keeps family transactions fair and transparent, reducing the chance of conflict among relatives or scrutiny from the IRS.
Pricing
Family transaction appraisals start at $299. Contact me for a quote based on the property and the transaction. See the full fee schedule for all report types.