Splitting up marital assets?Settling a divorce involves many decisions, including who gets the house. There are generally two alternatives when it comes to common real estate - it can be put up for sale 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 joint real estate.An appraisal for divorce purposes needs a well-established, professional value conclusion that can be supported in court. Brandow Real Estate Appraisals guarantees the very best in service with professional courtesy and top notch analysis. Handling the sensitive needs of a divorce situation is familiar territory for us.
Illinois attorneys as well as accountants rely on our analysis when calculating what real estate is worth for estates, divorces, or other disputes requiring a value opinion. We understand their needs and are used to dealing with all parties involved. We create appraisal documents that meet the requirements of the courts and various agencies. As a legal professional dealing with a divorce, your case's evidence often requires an appraisal to determine market value for the residential real estate involved. Many times the divorce date differs from the date you purchased the appraisal. We're versed in the procedures and what's fundamental to perform a retrospective appraisal with an effective date and Market Value estimate that matches the date of divorce. For each divorce appraisal we handle, we remain mindful of the fact that they need to be handled prudently. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, ensuring the utmost discretion. |
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