If you are handling a divorce, choose Kordik & Associates, Inc. to provide an accurate value of the common real estate asset.
Divorce settlements involve many decisions, including "Who gets the house". There are generally two alternatives regarding the house - it can be put up for sale and the proceeds divvied up, or one party can "buy out" the other. In either case, one or both parties would find it in their best interest to commission an appraisal of the shared real estate.
Contact us if your needs include an appraisal dealing with a divorce or other separation of assets.
When the purpose of an appraisal is a couple splitting up, it requires a well-established, expert report that will hold up during a trial. When you order an appraisal from Kordik & Associates, Inc., you are assured the best in service with courtesy and the highest quality appraisal. Working through the special needs of a divorce situation is somewhat matter-of-fact for us.
Attorneys in IL as well as accountants rely on our appraisals when figuring out what the real property is worth for estates, divorces, or other disputes where it is material. We have a lot of expertise working with everyone involved and We understand their needs and are accustomed to dealing with all parties involved. We create appraisal documents that fulfill the requirements of the courts and various agencies.
As a legal professional representing a client in a divorce, your case's research often necessitates an appraisal to determine fair market value for the residential real estate involved. A great deal of the time the divorce date may not be the same as the date you purchased the appraisal. We're accustomed to the methods and the effort requisite to develop a retroactive appraisal that has an effective date and Fair Market Value estimate corresponding to the date of divorce. For each divorce appraisal we perform we remain mindful of the fact that they need to be handled with total professionalism. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which dictates confidentiality, ensuring the utmost discretion.