Splitting up assets?Divorce settlements involve many decisions, including "Who gets the house". There are generally two options when it comes to the shared residence - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence. Contact us Midtown Appraisals LLC is at your service if you need an appraisal related to a divorce or other allocation of assets. A divorce appraisal needs a well-supported, professional document that will hold up in court. When you order an appraisal from Midtown Appraisals LLC, you are assured the best in service with courtesy and well-supported conclusions. Working through the particular conditions of a divorce situation is somewhat matter-of-fact for us. MI attorneys as well as accountants rely on our values when determining real property values for estates, divorces, or other disputes where it is crucial. We have a great deal of expertise dealing with all the parties involved and We understand their needs and are used to dealing with all parties involved. We create appraisal reports that meet the requirements of the courts and various agencies. For attorneys handling a divorce, your case's research typically needs an appraisal to establish fair market value for the residential real estate involved. Many times the divorce date may not be the same as the date you purchased the appraisal. We are familiar with the procedures and what is vital to do a retroactive appraisal that has an effective date and Fair Market Value conclusion matching the date of divorce. For each divorce appraisal we are hired to do we keep in mind that they require prudence with total professionalism. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which binds us with confidentiality, resulting in the utmost discretion. |