DIVORCE APPRAISAL 

 

When a couple makes the decision to divorce, numerous aspects have to be dealt with. The most important aspect appears to be the division of the family house. To deal with the greatest financial asset of the marriage, spouses must make a choice among two available possibilities.

The first possibility is to sell the house and divide up the proceeds. The second possibility is that one spouse buys out the other spouse. In both cases, the financial value of the house must be determined. Indeed this value is being used by a judge or mediator to make a decision about how assets are going to be divided up between spouses. Divorce attorneys and accountants will also rely on this value to calculate global values of spouses' assets. This is why the appraisal of the house has to be carried out in a very professional and serious manner.

PahRoo appraisers will put their skills to the benefit of your appraisal. Well trained to carry out divorce appraisals, they will carry out an in-depth evaluation of your house and  come out with a trustworthy assessment of your assets' value. Also, our experience in divorce appraisal taught us how sensitive this kind of situation is. So, PahRoo appraisal team will work with the most courteous, supportive and professional attention. Appraisal reports that we will provide meet courts requirements, as well as other stakeholders' requirements. Because the divorce procedure can last for long, retroactive appraisals may be needed. PahRoo teams are familiar with this kind of procedure and will be able to valuate your house at a given past date.

 

In application of the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) and of our moral values, PahRoo teams will respect confidentiality, as requested by the courts.

 

If you are through a divorce situation and looking for trustworthy appraisal teams, please contact us. We will be honored to assist you in appraisal operations needed during divorce procedure.

 

 

Did you know?   

 

Illinois is among the 41 equitable distribution states for divorce procedure in the US. That means that marital properties shall be divided according to what seems fair, reasonable and equitable. That does not necessarily mean equally. Thus, the court may decide to award each spouse between 0 and 100% of properties.

 

Providing the Court with a written and detailed USPAP-compliant appraisal is the best way to have the judge take a fair and quick decision about assets division.

 

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PahRoo Appraisal & Consultancy - 1707 W. Roscoe Suite 1 Chicago, IL 60607
Phone: 773.388.0003 - Fax: 773.388.3331 - Email: appraisal@pahroo.com

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