We know that divorce is never easy. There are numerous issues looming, including what happens to the shared residence. There are generally two options when discussing common real estate - it can be put on the market 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 mutual real estate.
Contact us if you require an appraisal for the purposes of a divorce or other division of assets.
When the intended use of an appraisal is the division of assets, it requires a well-established, authoritative document that can be supported to a judge. Floyd Appraisal Works pledges to give you the very best in service with professional courtesy and top notch analysis. Working through the particular needs of a divorce situation is not a problem for us.
Attorneys in TN as well as accountants depend on our appraisals when ascertaining real property values for estates, divorces, or other disputes where it is material. We have an abundance of expertise dealing with all the parties involved and can readily handle your needs. We create appraisal reports that fulfill the requirements of the courts and various agencies.
For legal professionals working with a divorce, your case's material facts typically necessitates an appraisal to establish 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 experienced with the procedures and what is elementary to complete a retroactive appraisal with an effective date and Fair Market Value opinion that matches the date of divorce. For each divorce appraisal we are hired to do we keep in mind that they require prudence delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) dictates confidentiality, ensuring the utmost discretion.