Divorce is never easy. There are countless decisions that have to be finalized, including the fate of the shared residence. There are generally two options when discussing the house - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the residence.
An appraisal for the purpose of asset division needs a well-supported, professional value conclusion that can be supported to a judge. All parties need to be cognizant that the appraiser cannot and will not advocate for either party. Their job is to provide a credible, reliable, unbiased opinion of value.
GA attorneys as well as accountants depend on professional appraisals when determining what the real property is worth for estates, divorces, or other disputes where it is crucial.
For legal professionals handling a divorce, your case's research regularly needs 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 experienced with the procedures and what's needed to complete a retroactive appraisal with an effective date and Fair Market Value conclusion matching the date of divorce. Contact us if you would like to know more about how we can assist you.