When couples are separating or divorcing and real estate is part of the marital estate, an independent appraisal is almost always necessary to establish the fair market value of the property. This valuation is used to determine equitable distribution — whether the property will be sold and proceeds divided, or one party will buy out the other's interest.
Madison & Park Appraisal is on the Court Approved Appraiser List in New York. We provide objective, well-documented appraisals that are accepted by matrimonial attorneys, mediators, and the courts.
In divorce proceedings, both parties have a financial interest in the property's value — one side benefits from a higher value, the other from a lower one. An independent, certified appraisal from a neutral third party eliminates the subjectivity of estimates from real estate agents or online tools and provides a credible, defensible opinion of value.
Our appraisals meet the standards required for use in court proceedings. If the case goes to trial, an appraisal from an SRA-designated appraiser with extensive experience carries significant weight with judges and referees.
We are typically engaged by one attorney, both attorneys jointly, or by the court itself. The appraiser inspects the property, researches comparable sales, analyzes market conditions, and delivers a comprehensive appraisal report that meets USPAP standards. The effective date of the appraisal may be the current date or a retroactive date as specified by the attorneys or court order.
In some cases, each party retains their own appraiser. When two appraisals are produced, the court or the parties' attorneys use them to negotiate a settlement. Having a well-supported appraisal from a credentialed appraiser strengthens your position in these negotiations.
We understand the sensitivity of divorce proceedings. All inspections and communications are handled with discretion, and our reports focus exclusively on the property's physical characteristics, market data, and valuation analysis.
We provide divorce appraisals for single-family homes, condominiums, co-ops, multi-family properties, and vacant land throughout Westchester County, Manhattan, Greenwich, CT, and all of our service areas.
Tax Grievance · Estate / Date of Death · Divorce · Mortgage · Hard Money · HELOC · Expert Witness · PMI Removal · Capital Gains · REO / Foreclosure · Portfolio Valuation
Contact us today for a free quote.