Splitting up marital assets?
Divorce settlements involve many decisions, including "Who gets the house". There are generally two alternatives when it comes to the shared residence - it can be put on the market and the proceeds split, or one party can "buy out" the other. In either case, one or both parties would be wise to commission an appraisal of the joint real estate.
Contact us if your needs include an appraisal related to a divorce or other division of assets.
When the purpose of an appraisal is the division of assets, it must have a well-supported, professional document that is defensible during a trial. When you order an appraisal from Ellis Real Estate Services Inc, you are assured the best in service with courtesy and the highest quality appraisal. Through experience and education, we've learned how to care for the delicate needs of a divorce situation.
Attorneys in NJ as well as accountants rely on our analysis when figuring out real property values for estates, divorces, or other disputes needing a value opinion. We have a lot of expertise working with everyone involved and We understand their needs and are accustomed to dealing with all parties involved. We provide appraisal documents for courts or various agencies that meet or exceed their requirements.
For lawyers working with a divorce, your case's evidence often requires an appraisal to establish 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 versed in the processes and all that it entails to perform a retroactive appraisal with an effective date and Fair Market Value opinion corresponding to the date of divorce. For each divorce appraisal we perform we keep in mind that they need to be handled with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which compels us to keep the highest degree of confidentiality, resulting in the utmost discretion.