Along with the emotional stress and frustration that comes during a separation/divorce, division of assets will shortly follow. Figuring out who remains in a family home and who purchases the home can be a great struggle especially when it comes to settling on a price for the residence. Given residential real estate is often one’s largest asset, the determination of value for residential real estate in a divorce can be equally stressful in any market.
Often in divorce scenarios, each party/legal counsel retains a Certified Residential Appraiser to perform an appraisal report to determine fair market value of a property and many times the fair market rental value of a home in instances where one party resides in the residence. In these situations, you typically have two appraisal reports for the judge and legal teams to review and variances are commonly sorted through during trial.
Richard E Bricker has very recent experience as an expert witness testimony in Sacramento and Placer Counties and assisted many family law firms and attorneys through his thorough market analysis, comparable sales research, and market metrics delivered in each appraisal report he provides for his clients.
Contact us today for questions and ordering information. If you would like to order an appraisal, please fill out this form and well will contact you within one business day to schedule your appraisal.
It is important to note that appraisers must abide by the Uniform Standards of Professional Appraisal Practice (USPAP). The purpose of USPAP “is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. It is essential that appraisers develop and communicate their analyses, opinions, and conclusions to intended users of their services in a manner that is meaningful and not misleading.” (Preamble of USPAP). Appraisers are at all times to be unbiased and independent and Rich dedicates his reports to ensure compliance with such standard and remains independent, impartial and objective in all of his assignments and reports. All assignments, as stated in Ethics Rule, are completed with impartiality, objectivity, and independence and without accommodation of personal interests. Therefore, in simple terms our values cannot be developed based on advocating for a party in any appraisal. The opinion of fair market value is developed on market based data and reported as fair market value.
If you would like to inquire about your appraisal needs or order an appraisal please call us or text us at 916-644-0691 or fill out contact us below