Splitting up assets?
Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two choices when discussing real estate - it can be sold and the proceeds split, or one party can "buy out" the other. In either case, one or both parties should get an appraisal of the residence.
Contact us if you require an appraisal related to a divorce or other division of assets.
An appraisal for divorce purposes should include a well-supported, professional value conclusion that is defensible in court. When you order an appraisal from P.M. Appraisals, Inc., you are assured the best in service with professional courtesy and top notch analysis. We understand how to care for the prickly needs of a divorce situation.
NY attorneys and accountants depend on our opinions when ascertaining real property values for estates, divorces, or other disputes requiring a value opinion. We have a lot 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 dealing with a divorce, your case's material facts typically requires 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 purchased the appraisal. We're comfortable with the processes and what is vital to develop a retroactive appraisal that has an effective date and Fair Market Value estimate that matches the date of divorce. We perform lots of divorce appraisals (unfortunately) and we understand that they require prudence delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, resulting in the utmost discretion.