Divorce Appraisals in the state of TN by Wood & Associates
Finalizing a divorce involves many decisions, including "Who gets the house". There are generally two options when it comes to real estate - it can be sold and the proceeds split, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the common real estate.
Contact us Wood & Associates can help if you need an appraisal for the purposes of a divorce or other allocation of assets.
When the reason for an appraisal is the division of assets, it needs a well-established, authoritative report that is defensible in court. When you order an appraisal from Wood & Associates, you are assured the best in service with courtesy and well-supported conclusions. Working through the particular needs of a divorce situation is somewhat matter-of-fact for us.
TN attorneys and accountants rely on our analysis when determining what the real property is worth for estates, divorces, or other disputes where it is relevant. We have a great deal of expertise working with everyone involved and We understand their needs and are accustomed to dealing with all parties involved. We submit appraisal reports that fulfill the requirements of the courts and various agencies.
For lawyers dealing with a divorce, your case's material facts often requires an appraisal to establish fair market value for the residential real estate involved. Often the divorce date can be different from the date you purchased the appraisal. We're accustomed to the methods and what it means to develop a retroactive appraisal with an effective date and Fair Market Value conclusion that matches the date of divorce. We work on lots of divorce appraisals (unfortunately) and we understand that they need to be handled delicately. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) compels us to keep the highest degree of confidentiality, ensuring the utmost discretion.