An appraiser who is asked to complete a Divorce appraisal experiences many challenges:
- The sensitive nature of the divorce proceedings.
- The hostile environment created by the divorce.
- The divergent motivations of the parties – one party wants a high valuation, the other wants a low valuation.
- The pressure of producing an appraisal that will ultimately entail intense scrutiny by all parties to the appraisal and must be both defensible in court and possibly in front of the IRS.
If you are attempting to identify an appraiser to complete a Divorce appraisal, you should be concerned as to whether the appraiser will be successful in meeting the (above) challenges. In addition, the appraiser you select should:
- Be highly ethical
- Understand the difference between a “Retrospective Appraisal” and a “Prospective Appraisal”. Divorce Appraisals are typically “Retrospective” in nature. In other words, a value estimate as of a specified date (typically in the past) e.g. the date of separation, filing or dissolution.
- Have the experience, knowledge and ability in both the market area where the subject is located as well as in the type of appraisal assignment (Divorce).
Appraisal Trend, LLC™ offers two types of Divorce Appraisal services:
- A full and independent estimate of the Market value of your home.
- A full review and analysis of an appraisal for your property that was submitted by another appraiser.
Regardless of the service that you choose, Appraisal Trend, LLC™ will complete the assignment with sensitivity, objectivity, integrity and leading edge quality.
Are you researching your options regarding your home? There are typically two options - it can be sold and the proceeds divided, or one party can "buy out" the other. Generally, one or both parties order an appraisal of the residence. At the very least, if you did not order your own appraisal, you should have the appraisal that was completed for your spouse professionally reviewed by a Certified Appraiser.
Remember; no one wins when court costs and legal fees are compounded by arguments over the value of your home due to an unsupported appraisal. Get the value right the first time...call Appraisal Trend, LLC™.
Our coverage area you ask? In Pennsylvania - Chester County, Delaware County and Montgomery County. In New Jersey - Camden County, Burlington County and Gloucester County. In Delaware - New Castle County.
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Appraisal Trend, LLC™...serving West Chester, Malvern, Oxford, Kennett Square, Downingtown, Chester Springs, Coatesville, Glen Mills, Bryn Mawr, Wayne, Media, Upper Darby, Radnor, Ridley, Haverford, Garnet Valley, Havertown, Newtown Square, Broomall Springfield, Lower Merion, Pottstown, Avondale, West Grove...and everything in between