Divorce settlements involve many decisions, including "Who gets the house". There are generally two choices when discussing the house - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should commission an appraisal of the residence.
Contact us if you require an appraisal related to a divorce or other division of assets.
An appraisal for divorce purposes needs a well-supported, authoritative report that is defensible in court. The Welter Appraisal Group guarantees an exceptional level of service with professional courtesy and top notch analysis. Taking into account the special challenges of a divorce situation is not a problem for us.
NJ attorneys and accountants rely on our opinions when calculating real property values for estates, divorces, or other disputes where it is relevant. We have a great deal of expertise working with everyone involved and are standing by to assist your needs. We submit appraisal documents for courts or various agencies that meet or exceed their requirements.
For lawyers representing a client in a divorce, your case's research typically requires an appraisal to ascertain 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 comfortable with the techniques and what it means to do a retroactive appraisal with an effective date and Fair Market Value opinion that matches the date of divorce. We work on lots of divorce appraisals (unfortunately) and we understand that they require prudence with the utmost care. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the utmost discretion.