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Accurate Divorce Valuation Services for Your Property Needs
Divorce
A divorce proceeding will oftentimes involve the value of real estate either owned by one or both parties . This situation will call for a well supported, professional opinion of market value that is defensible in court. This opinion will be relied on by attorneys, accountants and other interested parties in divorces and other disputes requiring a value being placed on property. In cases, where the divorce proceedings require a retrospective appraisal with a unique effective date, we are very familiar with the procedures and requirements necessary to perform this type of assignment. All of our findings, conclusions and reports are confidential as required by the Uniform Standards of Professional Appraisal Practice (USPAP).
Divorce cases:
- Determining Fair Market Value is crucial for equitable distribution. This valuation aids negotiations about property ownership or sales.
- Legal Requirements and Standards: In New York, courts often require professional appraisals during divorce proceedings to maintain consistency and follow recognized standards.
- Dispute Minimization: An objective appraisal can help reduce conflicts by providing a clear property value, encouraging fair agreements and smoother negotiations.
- Financial Settlement Impact: The outcome of the appraisal plays a crucial role in shaping the financial settlement, potentially influencing the division of assets.
- Tax Implications: Appraised value also impacts tax liabilities, particularly if the property is sold during the divorce. Knowing the value helps both parties understand potential capital gains taxes.
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Our Appraisal Work Process
At Urban Appraisals NYC, we understand the importance of accurate property valuations during a divorce. Our expert appraisers are here to provide unbiased, reliable appraisals to ensure a fair division of assets. Whether you’re an individual or an attorney, we offer comprehensive services tailored to your needs. Scheduling an appointment is easy—simply fill out the contact form or call us directly to set up a consultation. Let us help you navigate the complexities of property valuation with professionalism and precision. Book your appointment today to ensure a smooth and equitable settlement process.
Consultation and Planning
We begin by understanding your unique needs, gathering details about your property, and explaining the appraisal process.
Detailed Property Inspection
Our certified appraisers conduct a thorough on-site inspection, assessing all relevant aspects of your property.
Market Research and Analysis
Using the latest market data, we compare similar properties to establish a fair and accurate valuation.
Comprehensive Reporting
We deliver a detailed, USPAP-compliant appraisal report accepted by New York Courts, the IRS, and other agencies.