Divorce in and of itself is an emotional and stressful time. A major decision is “Who gets the house”? Generally there are two options as it relates to the property:
- It can be sold and the proceeds divided.
- One party can “buy out” the other.
In either case, one or both parties should order an appraisal of the property. Divorce appraisals require a well supported, professional appraisal that is defensible in court.
Attorneys and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We appreciate their needs and are sensitive to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies.
As an attorney handling a divorce, your needs often include an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal. We are familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce or other stipulated date.
The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.