Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two alternatives regarding common real estate - it can be sold and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to get an appraisal of the residence.
Contact us if your needs include an appraisal for the purposes of a divorce or other separation of assets.
An appraisal for divorce purposes needs a well-supported, expert report that is defensible to a judge. When you order an appraisal from Allied Real Estate Appraisers, you are assured the best in service with courtesy and well-supported conclusions. We also know how to handle the prickly needs of a divorce situation.
MI attorneys as well as accountants depend on our opinions when determining what the real property is worth for estates, divorces, or other disputes requiring a value opinion. We have a lot of expertise working with everyone involved and We understand their needs and are accustomed to dealing with all parties involved. We provide appraisal reports that fulfill the requirements of the courts and various agencies.
For lawyers handling a divorce, your case's material facts typically requires an appraisal to determine fair market value for the residential real estate involved. A great deal of the time the divorce date can be different from the date you requested the appraisal. We're comfortable with the techniques and what it means to do a retroactive appraisal that has an effective date and Fair Market Value opinion matching the date of divorce. We perform many divorce appraisals (unfortunately) and we understand that they need to be handled delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, ensuring the utmost discretion.