Dividing Marital Assets?
Divorce is a painful process in which there are many decisions to be made including ‘who’s staying’ and ‘who’s going’ when determining what happens to the house. Often times the home is put up for sale in which the profits are split or otherwise one of the parties typically buys out the other.
In either case, one or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that is defensible in court.
Many times the divorce date differs from the inspection date of the appraisal thus requiring a retrospective appraisal that has an effective date and value estimate corresponding to the date of divorce or filing. We have completed countless divorce appraisals over the years so we understand exactly what is involved as well as the need to handle these situations with the utmost care.
We are bound by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) which means you are assured the highest level of confidentiality, guaranteeing you the utmost discretion. In addition, we provide you with a comprehensive appraisal report that meets or exceeds requirements of the courts and other various agencies.
When you work with Premier Appraisal you can be assured you will get the best in professional service, courtesy, and you will receive the highest quality appraisal reports. Our team of exceptional appraisers will also respect and protect the privacy of your needs in a divorce situation.
Give us a call today with any questions you might have and also check out our Testimonial page to see what others are saying about Premier Appraisal.
A divorce appraisal is crucial for determining the fair market value of the marital home. It provides an impartial evaluation, aiding in equitable property division during divorce proceedings.
Ideally, a divorce appraisal should be conducted as early as possible in the divorce process. It helps establish a clear understanding of the property’s value, facilitating fair asset distribution
A divorce appraisal often involves a retrospective valuation, considering the property’s value as of the divorce date. This ensures an accurate assessment that aligns with the specific circumstances surrounding the divorce.
Yes, the divorce appraisal plays a crucial role in property division negotiations. It provides a basis for discussions, helping spouses reach an agreement on the fair allocation of real estate assets. If the case goes to court, the appraisal serves as credible evidence.