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Greco Appraisal Services has been providing Divorce Appraisals for over 20 years throughout New York

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A New York Divorce Appraisal is a critical step in ensuring a fair and equitable division of assets, especially when real estate is involved. Here's why it's so important, with a focus on how Greco Appraisal Services can help:

1. Fair and Impartial Valuation:

  • Divorcing couples often have differing opinions on the value of their shared property. An independent appraisal from a reputable firm like Greco Appraisal Services provides an objective and unbiased assessment of the property's market value. This helps to avoid disputes and ensures that neither party feels they are being treated unfairly.

2. Legal and Financial Clarity:

  • A professional appraisal report from Greco Appraisal Services can serve as a strong foundation for legal agreements and may even be required by courts in some jurisdictions. It provides clear documentation of the property's value, which is essential for making informed decisions about asset division, buyouts, or potential sale of the property. Greco Appraisals has New York State Court Approved Appraisers on staff to assist you with any of your appraisal needs. 

3. Strategic Decision-Making:

  • Knowing the true value of your real estate is crucial for your future financial planning. Whether you're considering buying out your spouse's share, selling the property, or exploring other options, an appraisal from Greco Appraisal Services empowers you to make informed decisions based on accurate information.

4. Minimizing Conflict:

  • Property valuation can be a contentious issue during divorce proceedings. By hiring a neutral and experienced appraiser like Greco Appraisal Services, you can minimize disagreements and facilitate smoother negotiations. A professional appraisal provides a solid basis for discussions, reducing the emotional stress associated with property division.

Why Choose Greco Appraisal Services?

  • Expertise and Experience: Greco Appraisal Services has a team of qualified and experienced appraisers who specialize in divorce appraisals. They understand the unique requirements of these situations and can provide accurate and reliable valuations.
  • Impartiality: Greco Appraisal Services is committed to providing unbiased and objective appraisals. They have no personal interest in the outcome of your divorce and will provide a fair assessment of your property's value.
  • Local Market Knowledge: Greco Appraisal Services is familiar the local real estate markets throughout Westchester County, Putnam, Rockland, Bronx, Queens, and beyond. Greco Appraisal Services can provide accurate valuations based on current market trends and comparable sales. From Yonkers to White Plains, Eastchester to Scarsdale or from Queens to Brooklyn, Greco Appraisal Services can assist you with your divorce appraisal needs. 
  • Detailed Reporting: Greco Appraisal Services provides comprehensive and detailed appraisal reports that can be used for legal and financial purposes.

In conclusion, a divorce appraisal is a crucial investment in ensuring a fair and smooth divorce process. By choosing a reputable and experienced appraisal firm like Greco Appraisal Services, you can gain the objective information you need to make informed decisions about your property and your financial future.

A real estate appraisal is a formal, objective estimate of the market value of a property. It's a crucial step in a divorce when real estate is involved because it helps ensure a fair and equitable division of assets. Here's why it's so important:

1. Fair Division of Assets: In a divorce, marital assets are typically divided equitably between both parties. If you and your spouse own a house, an appraisal provides a neutral assessment of its worth, which is essential for determining how much each party should receive.

2. Avoiding Disputes: Property valuation can be a contentious issue during divorce proceedings. A professional appraisal, conducted by a qualified and impartial appraiser, can minimize disagreements by providing a solid, unbiased basis for negotiations.

3. Legal Requirements: In some jurisdictions, courts may require an independent appraisal to ensure that property settlements are fair. Having a professional appraisal can help you meet these legal requirements and expedite the divorce process.

4. Financial Planning: Knowing the accurate value of your real estate is essential for your future financial planning. It can help you make informed decisions about whether to sell the property, buy out your spouse's share, or explore other options.

5. Tax Implications: The division of assets in a divorce can have tax consequences. An appraisal can help you understand these implications and plan accordingly.

How to Choose an Appraiser:

  • Credentials: Look for a certified or licensed appraiser with experience in divorce appraisals. Greco Appraisal Services has New York State Certified and Insured Appraiser's on staff. Covering multiple counties such as Westchester, Putnam, Rockland, Orange County, Bronx, Brooklyn and Queens - Greco Appraisal Services has you covered. 
  • Impartiality: Choose an appraiser who has no personal interest in the outcome of the divorce.
  • Experience: Select an appraiser familiar with the local real estate market and the specific type of property you own. With over 20 years of experience, Greco Appraisal Services has you covered. 

Remember: It's often recommended that both parties agree on a single appraiser to ensure objectivity and avoid disputes.

Additional Considerations:

  • Cost: The cost of an appraisal varies depending on the property's complexity and location. A small single family residential home in the Bronx with 1500 square feet of living space may cost just $425; while a mansion in Bronxville with over 10,000 sf of finished space may have a cost exceeding $1500. 
  • Timing: It's important to get the appraisal done at the right time in the divorce process, usually before finalizing any settlement agreements. At Greco Appraisal Services we offer 24 hour rush turn time; however our appraisal reports are typically delivered in 3 to 5 business days after inspection. 

Finalizing a divorce in Connecticut or New York State involves many decisions, including "Who gets the house"? There are generally two options regarding the house - it can be sold and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties should order an appraisal of the residence. New York Divorce appraisals require a well supported, professional appraisal that is defensible in court. When you order an appraisal from us, you are assured that you will get the best in professional service, courtesy, and the highest quality appraisal. New York Appraisal Services also knows how to handle the sensitive needs of a divorce situation. Our firm has New York Supreme Court appointed appraisers on staff.  

Attorneys, Courts and Accountants rely on our values when calculating real property values for estates, divorces, or other disputes requiring a value being placed on real property. New York Appraisal Services understands their needs and are use to dealing with all parties involved. We provide appraisal reports that meet the requirements of the courts and various agencies.

As an attorney handling a divorce, your needs oftentimes include an appraisal to establish fair market value for the residential real estate involved. Often the divorce date differs from the date you order the appraisal.  New York Appraisal Services is familiar with the procedures and requirements necessary to perform a retroactive appraisal with an effective date and Fair Market Value estimate matching the date of divorce. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) binds us with confidentiality, ensuring the fullest degree of discretion.

Greco Appraisal Services, Inc.  dba New York Appraisal & Inspection Services provides Bronx divorce appraisals, Queens divorce appraisals, Brooklyn divorce appraisals, Manhattan divorce appraisals, Staten Island divorce appraisals, Westchester County divorce appraisals, Rockland divorce appraisals, Nassau County divorce appraisals, Suffolk County divorce appraisals as well as Putnam and Orange County divorce appraisals. We also provide appraisal services throughout Fairfield County Connecticut.

Please contact us directly for any of your New York Divorce and/or Estate planning appraisal needs.

914-469-5946

 

 

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