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FMV of home in an estate - all cash deal
We're trying to determine the FMV on my mom's home. She died August 5, 2022. Signed the P&S for the sale January 31, 2023 with closing on or before February 16, 2023. Does that put it in the 6 month window? All cash transaction so there is no appraisal. Assessed value of the property used for probate court's inventory of fiduciary filing. Is the FMV the net sale price of the home?
Regards,
Jeff
‎February 6, 2023
10:15 AM