Often times the home is put up for sale in which the profits are split or otherwise one of the parties typically buys out the other.
In either case, one or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that’s defensible in court.
Many times the divorce date differs from the inspection date of the appraisal thus requiring a retrospective appraisal that has an effective date and value estimate corresponding to the date of divorce or filing. We’ve completed countless divorce appraisals over the years so we understand exactly what’s involved as well as the need to handle these situations with the utmost care.
We’re bound by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) which means you’re assured the highest level of confidentiality, guaranteeing you the utmost discretion.
Our Senior Appraiser, Stephanie Foster, has extensive experience in dealing with local and prestigious Family Law Firms when it comes to divorce proceedings. In fact, a large number of Family Law Firms, Accountants, and Mediation Advisors rely on Foster Associates for our opinion of values when formulating real property values during divorce proceedings and other disputes requiring a value being placed on real property.