Dividing marital assets?
Divorce settlements involve many decisions, including "Who gets the house". There are generally two choices when discussing real estate - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to commission an appraisal of the residence.
Contact us if you require an appraisal related to a divorce or other allocation of assets.
When the reason for an appraisal is a couple splitting up, it needs a well-supported, expert document that can be supported in court. P.M. Appraisals, Inc. pledges to give you an exceptional level of service with courtesy and top notch analysis. Working through the sensitive needs of a divorce situation is somewhat matter-of-fact for us.
Attorneys in NY as well as accountants depend on our values when calculating what the real property is worth for estates, divorces, or other disputes where it is important. We have a great deal of expertise working with everyone involved and can readily handle your needs. We provide appraisal documents that meet the requirements of the courts and various agencies.
For attorneys working with a divorce, your case's evidence typically requires an appraisal to ascertain fair market value for the residential real estate involved. Many times the divorce date may not be the same as the date you ordered the appraisal. We are familiar with the processes and what is vital to complete a retroactive appraisal with an effective date and Fair Market Value conclusion matching the date of divorce. For each divorce appraisal we perform we understand that they require prudence with the utmost care. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) compels us to keep the highest degree of confidentiality, resulting in the utmost discretion.