914-469-5946 Greco Appraisal Services has been providing Divorce Appraisals for over 20 years throughout New York 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: 2. Legal and Financial Clarity: 3. Strategic Decision-Making: 4. Minimizing Conflict: Why Choose Greco Appraisal Services? 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: Remember: It's often recommended that both parties agree on a single appraiser to ensure objectivity and avoid disputes. Additional Considerations: 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.
|
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.