Divorce Appraisals
Finalizing a divorce and the dissolution of martial assets involves negotiations and many decisions, including "Who gets the martial home, the vacation home, investment properties and what is the value" ? When Law Professionals begin negotiations of these matters, typically it is best to have a clear and comprehensive opinion of value of the assets in question.These are key questions when it comes time to the Property Settlement Agreement (PSA). There are generally two options regarding Real Property Assets:
1. Real Property assets can be sold and the proceeds divided.
2. One party can "buy out" the other.
In either case, one or both parties should order an appraisal of the real property matiral assets. Appraisal reports are always require a well supported, professional opinion of value which produce creditable results that is defensible in court. When your firm engages Metro Residential Appraisals in these types of assignments, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal report is preapred on behalf of your client. The staff at Metro Residential Appraisals know how to respect and abide the privacy of our client's clients and sensitive needs of a divorce situation.
The Chief Appraiser has extensive experience dealing with local and prestigious Family Law Firms when it comes to Divorce proceedings. Attorneys and Accountants have come to rely on Metro Residential for our opinion of values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. We understand their needs and are used 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 oftentimes 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. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.
Contact us today for a consultation.