Divorce
Settling a divorce involves many decisions, including who gets the house. There are generally two alternatives regarding common 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 should order an appraisal of the mutual real estate in order to determine the value of the property.
An appraisal for divorce purposes needs a well-supported, professional report that will hold up to a judge. Appraisal Associates of Lancaster, Inc. guarantees the very best in service with courtesy and the highest quality appraisal. We also know how to handle the sensitive needs of a divorce situation.
For each divorce appraisal we perform, we understand that they need to be handled with the utmost care. The Uniform Standards of Professional Appraisal Practice (USPAP) contains an ethics provision which compels us to keep the highest degree of confidentiality, resulting in the utmost discretion.
Estate
Settling an estate is an important and sometimes stressful job. It’s up to you as an executor to carry out the wishes of the departed as quickly and with as much dignity as possible. You can count on us to respond quickly and with as much respect to the feelings of everyone in bereavement.
Part of Appraisal Associates of Lancaster, Inc.’s mission is to supply top-notch, ethical appraisals that attorneys can depend on. We cater to their needs and are accustomed to dealing with all parties involved. Among our staff, we are used to dealing with legal agencies in writing appraisals that meet their demands.
Other
Appraisals are primarily used in real estate and mortgage transactions. However, aside from divorces and estates, there are many other uses for an appraisal. Most localities determine your property tax burden based on an ad valorem assessment of the property’s value. Sometimes, as a property owner, you get an unwanted surprise in the mail telling you your taxes are going up, and sometimes it may seem as though your assessment is too high. Appraisals can also be used in preparation for the sale of your home and be used as a tool to find market value in order to know what to list your home at. They can also be used to lower your monthly mortgage payment through the removal of your private mortgage insurance.
In general, appraisals can be used for a variety of purposes. Get in touch with us today to discuss your appraisal needs!