Splitting up assets?
Divorce settlements involve many decisions, including "Who gets the house". There are generally two alternatives regarding the house - it can be sold and the proceeds split, or one party can "buy out" the other. In either case, one or both parties should commission an appraisal of the residence.
Contact us if your needs include an appraisal related to a divorce or other allocation of assets.
When the purpose of an appraisal is the division of assets, it requires a well-established, expert report that can be supported to a judge. When you order an appraisal from Advantage 1 Appraisals, you are assured the best in service with courtesy and top notch analysis. Working through the sensitive conditions of a divorce situation is frequent territory for us.
IN attorneys as well as accountants rely on our analysis when figuring out real property values for estates, divorces, or other disputes where it is crucial. We have a great deal of expertise dealing with all the parties involved and We understand their needs and are accustomed to dealing with all parties involved. We submit appraisal reports for courts or various agencies that meet or exceed their requirements.
As an attorney handling a divorce, your case's evidence regularly necessitates an appraisal to determine fair market value for the residential real estate involved. A lot of the time the divorce date can be different from the date you requested the appraisal. We're versed in the methods and the effort necessary to develop a retroactive appraisal that has an effective date and Fair Market Value estimate corresponding to the date of divorce. For each divorce appraisal we are hired to do we keep in mind that they require prudence with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which compels us to keep the highest degree of confidentiality, resulting in the utmost discretion.