Working on a divorce? Property Services/Otter Tail Appraisals has the experience for these matters.Divorce settlements involve many decisions, including who keeps the house. There are generally two choices when it comes to real estate - it can be sold and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would be wise to order an appraisal of the mutual real estate.
An appraisal for the purpose of asset division must have a well-supported, authoritative value conclusion that is defensible in court. Property Services/Otter Tail Appraisals pledges to give you an exceptional level of service with professional courtesy and top notch analysis. We understand how to care for the sensitive needs of a divorce situation.
Minnesota attorneys as well as accountants depend on our analysis when calculating real property values for estates, divorces, or other disputes requiring a value opinion. We understand their needs and are accustomed to dealing with all parties involved. We create appraisal documents that meet the requirements of the courts and various agencies.
For legal professionals working with a divorce, your case's evidence regularly necessitates an appraisal to establish market value for the residential real estate involved. Many times the divorce date can be different from the date you purchased the appraisal. We're experienced with the processes and what it takes to do a retrospective appraisal that has an effective date and Market Value opinion that matches the date of divorce. We work on lots of divorce appraisals (unfortunately) and we understand that they need to be handled with total professionalism. The ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) compels us to keep the highest degree of confidentiality, guaranteeing you the utmost discretion.