Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two options when it comes to real estate - it can be sold and the proceeds split, 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.
Contact us if you require an appraisal for the purposes of a divorce or other allocation of assets.
An appraisal for divorce purposes should include a well-established, authoritative report that is defensible to a judge. Russell Appraisal Service guarantees the very best in service with courtesy and well-supported conclusions. We also know how to provide for the sensitive needs of a divorce situation.
Attorneys in TX as well as accountants rely on our appraisals when calculating what the real property is worth for estates, divorces, or other disputes where it is material. We have a lot of expertise working with everyone involved and We understand their needs and are used to dealing with all parties involved. We submit appraisal documents that fulfill the requirements of the courts and various agencies.
For attorneys handling a divorce, your case's research often needs an appraisal to determine fair market value for the residential real estate involved. A lot of the time the divorce date may not be the same as the date you ordered the appraisal. We are familiar with the processes and what is essential to complete a retroactive appraisal with an effective date and Fair Market Value conclusion corresponding to the date of divorce. We handle many divorce appraisals and we understand that they need to be handled delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) means the highest amount of confidentiality, resulting in the utmost discretion.