Splitting up marital assets?
Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two options when it comes to the shared residence - it can be sold 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.
Contact us if your needs include an appraisal related to a divorce or other division of assets.
When the intended use of an appraisal is the division of assets, it should include a well-established, authoritative value conclusion that can be supported in court. Cosh Property Appraisals pledges to give you an exceptional level of service with courtesy and well-supported conclusions. Working through the special conditions of a divorce situation is somewhat matter-of-fact for us.
Attorneys in BC and accountants rely on our opinions when determining what the real property is worth for estates, divorces, or other disputes requiring a value opinion. We have a great deal of expertise working with everyone involved and We understand their needs and are used to dealing with all parties involved. We create appraisal documents for courts or various agencies that meet or exceed their requirements.
As a legal professional handling a divorce, your case's research typically requires an appraisal to ascertain 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 procedures and what is elementary to do a retroactive appraisal with an effective date and Fair Market Value conclusion corresponding to the date of divorce. We perform many divorce appraisals (unfortunately) and we understand that they require prudence with total professionalism. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, guaranteeing you the utmost discretion.