WHAT ARE APPRAISERS?
Appraisers set a value on businesses, houses, real estates, automobiles, boats, yachts, artwork, jewelry, etc. The most common asset in Long Island is the marital home. Homes purchased ten years ago have dramatically risen in value. The average divorce involves one of the parties staying in the marital home while the other party is bought out or vacates the home until the youngest child is 18 or 21. There are also cases where the parties agree to sell the home and split the proceeds. In any event, a good real estate appraiser can find us the numbers that we need to settle a case or win a significant percentage of the equity at trial. Additionally, there are many issues that appraisers can help. For example, separate property claims; improvements and other value. For nstance, if a spouse uses a personal injury award or an inheritance (traditionally separate property) to improve a marital residence by adding an extension, an appraiser can find us several values such as: the value for the
