Administering an estate that holds commercial real estate requires clear, well-documented values that all parties can rely on. Our probate appraisal services provide independent opinions of value used for settling estates, distributing assets, resolving disputes among heirs, and satisfying court requirements.
Need a probate or trust valuation?
Tell us the property and the purpose. You get a written scope and fee estimate within 24 hours — not a sales call.
We work with personal representatives, probate attorneys, and fiduciaries to determine the appropriate effective date (often a retrospective “date of death” value) and prepare a report that meets the needs of the probate court and any tax filings. This includes careful documentation of the property’s condition and relevant market data as of the required valuation date.
By engaging an experienced commercial appraiser early in the probate process, executors can reduce uncertainty, minimize conflict among beneficiaries, and demonstrate that real estate decisions were based on an independent, professional opinion of value.
Not ready for a full appraisal yet?
Send us the address and we will return a free, submarket-specific underwriting review — so you can decide whether one is warranted.
These are the states where Eric holds Certified General and signs personally. Every other market we cover runs through a locally licensed appraiser with the same MAI review.
Not all of it is essential, and a missing item is rarely a blocker — but the more of this we have at the start, the faster and firmer the engagement.
Probate valuations are almost always retrospective: the value opinion is as of the date of death, not today. That matters more than people expect. We reconstruct what the market was doing on that date using sales and lease data available then, and we do not let hindsight about what the market did afterwards color the conclusion.
The standard is fair market value — the price between a willing buyer and a willing seller, neither under compulsion, both reasonably informed. For income-producing property that usually means the income approach carries the conclusion, supported by sales comparison. For owner-occupied or special-use property, sales comparison and cost tend to do more of the work.
An estate may elect an alternate valuation date six months after death under IRC §2032. If that election is under consideration, tell us early — it changes the effective date and, in a moving market, the number.
No estimate ranges that turn into a surprise. You get a fixed fee in writing before any work starts.
The fee depends on property type, tenant count, how much market data exists, and your deadline — every assignment is scoped and quoted at a fixed fee before any work begins. An appraisal for IRS filing or for testimony is a different scope than one for a routine refinance. More on how appraisals are priced →
I have been working with Eric and Gravitas Valuation for some time now, and I find his work to be trustworthy and credible. As a residential appraiser, I feel very comfortable with referring my clients who need commercial appraisals to them.
I've had the pleasure of working with Eric at Gravitas on several commercial real estate appraisal projects over the years. He consistently demonstrates a high level of diligence and attention to detail, delivers on time, and makes the entire process smooth and efficient.
They were very professional, responsive and respectful of my timelines. Eric was incredibly nice to talk to on the phone and set me at ease when I had any questions or concerns.
Four fields. We reply with a written scope and fee estimate within one business day. Every report is signed or reviewed by an MAI-designated certified general appraiser.
Prefer to talk it through? (248) 251-5331
