Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two options when it comes to the house - it can be put on the market and the proceeds divided, 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 the division of assets, it must have a well-supported, professional report that is defensible during a trial. Abandy & Associates Appraisal Services guarantees the very best in service with professional courtesy and well-supported conclusions. Handling the special challenges of a divorce situation is not a problem for us.
Attorneys in CA and accountants depend on our values when figuring out what the real property is worth for estates, divorces, or other disputes where it is crucial. We have a great deal of expertise working with everyone involved and can readily handle your needs. We create appraisal reports for courts or various agencies that meet or exceed their requirements.
For attorneys working with a divorce, your case's material facts often needs an appraisal to ascertain fair market value for the residential real estate involved. A lot of the time the divorce date differs from the date you requested the appraisal. We're comfortable with the processes and what is essential to develop a retroactive appraisal that has an effective date and Fair Market Value conclusion that matches the date of divorce. We work on lots of divorce appraisals (unfortunately) and we understand that they need to be handled delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, guaranteeing you the utmost discretion.