Splitting up assets?
Settling a divorce involves many decisions, including "Who gets the house". There are generally two options regarding 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 would be wise to get an appraisal of the residence.
Contact us Wendy Johnston can help if you need an appraisal for the purposes of a divorce or other division of assets.
When the reason for an appraisal is a divorce settlement, it should include a well-established, authoritative value conclusion that will hold up to a judge. When you order an appraisal from Wendy Johnston, you are assured the best in service with courtesy and well-supported conclusions. Handling the particular needs of a divorce situation is familiar territory for us.
PA attorneys as well as accountants depend on our values when ascertaining what the real property is worth for estates, divorces, or other disputes where it is in question. We have a lot of expertise dealing with all the parties involved and can readily handle your needs. We create appraisal documents that meet the requirements of the courts and various agencies.
As a legal professional representing a client in a divorce, your case's material facts frequently requires an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you requested the appraisal. We're experienced with the procedures and what it entails to develop a retroactive appraisal that has an effective date and Fair Market Value estimate 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 dictates confidentiality, ensuring the utmost discretion.