WHO GETS THE HOUSE?
Assessing the value of the martial home or other shared properties is a big deal in the settlement process.
There are generally two options regarding shared property in a divorce:
- It can be sold and the proceeds divided
- One party can “buy out” the other.
In either case, one or both parties should order an appraisal of the residence. Now, a divorce appraisal is not the same as your typical appraisal used for lending purposes. They require a well supported, professional appraisal that is defensible in court.
We know how to handle the sensitive needs of a divorce situation. We are familiar with the procedures and the requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of the divorce.
Confidentiality is key. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.