Divorce Appraisals (Division of Marital Assets)
We know that divorce can be very difficult. There are numerous decisions that have to be settled, including what to do with the house. There are generally two choices when discussing real estate - it can be put up for sale and the proceeds divided, or one party can "buy out" the other. In either case, one or both parties would be wise to get an appraisal of the residence.
An appraisal for divorce purposes requires a well-supported, authoritative appraisal document that can be supported during a trial. When you order an appraisal from Residential Valuation Services Inc., you are assured the best in service with courtesy and the highest quality appraisal. Through experience and education, we've learned how to care for the prickly needs of a divorce situation.
Attorneys as well as accountants in Alberta rely on our opinions when calculating real property values for estates, divorces, or other disputes where it is relevant. We have an abundance of expertise dealing with all the parties involved and are ready to assist with your needs. We create appraisal reports that meet the requirements of the courts and various agencies.
For lawyers representing a client in a divorce, your case's evidence typically necessitates 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 entails to complete a retrospective appraisal that has an effective date and Market Value conclusion matching the date of divorce. For each divorce appraisal we take on, we understand that they need to be handled delicately. The ethics provision within the Canadian Uniform Standards of Professional Appraisal Practice (CUSPAP) means the highest amount of confidentiality, resulting in the utmost discretion.