Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago,
Cost of Appraisal for 5-Unit Rental Property
I inherited a 5-unit property from my dad who passed away in January. I need to get the property appraised for the estate using the IRS value as of date of death. I received a quote for the appraisal for $2,000. Does this seem reasonable? The property is located in South Lake Tahoe, CA, since I know costs for these kinds of things can vary by market. I'm having a bit of sticker shock, and this is all new to me, so I don't know what's the "expected" price.
Thanks! ~Jerah