When involved in a divorce, choose Prompt Appraisal to provide an accurate value of residence to be divided.
We know that divorce can be very difficult. There are countless decisions looming, including what to do with the house. There are generally two options when discussing real estate - it can be put up for sale and the proceeds split, or one party can "buy out" the other. In either case, one or both parties would be wise to order an appraisal of the joint real estate.
Contact us if you require an appraisal dealing with a divorce or other division of assets.
When the intended use of an appraisal is a couple splitting up, it requires a well-supported, authoritative report that is defensible to a judge. Prompt Appraisal guarantees the very best in service with courtesy and well-supported conclusions. Working through the special conditions of a divorce situation is somewhat matter-of-fact for us.
Attorneys in MI and accountants rely on our analysis when calculating what the real property is worth for estates, divorces, or other disputes where it is important. We have an abundance of expertise working with everyone involved and are ready to assist with your needs. We create appraisal documents for courts or various agencies that meet or exceed their requirements.
For attorneys representing a client in a divorce, your case's material facts often needs an appraisal to determine fair market value for the residential real estate involved. A great deal of the time the divorce date differs from the date you purchased the appraisal. We're accustomed to the procedures and all that it takes to do a retroactive appraisal with an effective date and Fair Market Value opinion corresponding to the date of divorce. We perform 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 means the highest amount of confidentiality, resulting in the utmost discretion.