Dividing marital assets?
Settling a divorce involves many decisions, including "Who gets the house". There are generally two options when it comes to 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 would be wise to commission an appraisal of the residence.
Contact us if you require an appraisal for the purposes of a divorce or other separation of assets.
When the intended use of an appraisal is a divorce settlement, it needs a well-established, professional value conclusion that will hold up in court. P.M. Appraisals, Inc. pledges to give you the very best in service with professional courtesy and the highest quality appraisal. We also know how to handle the delicate needs of a divorce situation.
NY attorneys as well as accountants depend on our analysis when determining real property values for estates, divorces, or other disputes where it is material. We have a great deal of expertise dealing with all the parties involved and are standing by to assist your needs. We submit appraisal reports for courts or various agencies that meet or exceed their requirements.
As a legal professional handling a divorce, your case's research typically necessitates an appraisal to establish fair market value for the residential real estate involved. Many times the divorce date differs from the date you ordered the appraisal. We're experienced with the processes and what it means to do a retroactive appraisal with an effective date and Fair Market Value opinion matching the date of divorce. We work on many divorce appraisals (unfortunately) and we understand that they require prudence with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which binds us with confidentiality, ensuring the utmost discretion.