Settling a divorce involves many decisions, including "Who gets the house". There are generally two options when discussing common real estate - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to commission an appraisal of the shared real estate.
Contact us Frigoletto & Associates Inc. can assist if you need an appraisal dealing with a divorce or other allocation of assets.
When the reason for an appraisal is a divorce settlement, it requires a well-established, authoritative value conclusion that will hold up in court. Frigoletto & Associates Inc. pledges to give you the very best in service with professional courtesy and well-supported conclusions. Working through the special challenges of a divorce situation is frequent territory for us.
Attorneys in MA and accountants rely on our appraisals when determining what the real property is worth for estates, divorces, or other disputes depending on a value opinion. We have an abundance of expertise working with everyone involved and We understand their needs and are accustomed to dealing with all parties involved. We submit appraisal reports that meet the requirements of the courts and various agencies.
For legal professionals handling a divorce, your case's research typically requires an appraisal to determine fair market value for the residential real estate involved. Often the divorce date may not be the same as the date you requested the appraisal. We're experienced with the procedures and what is imperative to complete a retroactive appraisal with an effective date and Fair Market Value opinion matching the date of divorce. We work on many divorce appraisals and we understand that they require prudence delicately. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which means the highest amount of confidentiality, resulting in the utmost discretion.