Dividing assets?We understand that divorce can be very difficult. There are numerous issues to worry about, including the status of the shared residence. There are generally two options regarding real estate - it can be put on the market and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to order an appraisal of the common real estate.
An appraisal for the purpose of asset division must have a well-established, authoritative value conclusion that will hold up in court. When you order an appraisal from JM Real Estate Service, you are assured the best in service with professional courtesy and well-supported conclusions. Through experience and education, we've learned how to care for the delicate needs of a divorce situation.
Illinois attorneys and accountants rely on our analysis when calculating real property values for estates, divorces, or other disputes where it is important. We have a lot of expertise dealing with all the parties involved and are standing by to assist your needs. We assemble appraisal documents for courts or various agencies that meet or exceed their requirements.
As a legal professional dealing with a divorce, your case's material facts customarily require an appraisal to establish 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 comfortable with the methods and all that it takes to develop a retrospective appraisal that has an effective date and Market Value opinion corresponding to the date of divorce. We perform a reasonable number of divorce appraisals , and we understand that they need to be handled prudently. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which binds us with confidentiality, ensuring the utmost discretion.