Dividing assets?We understand that divorce can be very difficult. There are countless issues to worry about, including the fate of the home. There are generally two choices when it comes to real estate - it can be put up for sale and the proceeds divided, 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.
When the purpose of an appraisal is the division of assets, it should include a well-established, professional report that will hold up to a judge. Elite Appraisal guarantees the very best in service with professional courtesy and well-supported conclusions. Handling the sensitive needs of a divorce situation is somewhat matter-of-fact for us.
Illinois attorneys as well as accountants rely on our opinions when ascertaining real property values for estates, divorces, or other disputes needing a value opinion. We understand their needs and are accustomed to dealing with all parties involved. We create appraisal documents that fulfill the requirements of the courts and various agencies.
For lawyers dealing with a divorce, your case's material facts customarily require an appraisal to determine market value for the residential real estate involved. Many times the divorce date may not be the same as the date you purchased the appraisal. We're accustomed to the procedures and all that it takes to develop a retrospective appraisal with an effective date and Market Value estimate matching the date of divorce. For each divorce appraisal we handle, we remain mindful of the fact that they need to be handled with total professionalism. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, guaranteeing you the utmost discretion.