How Can Attorneys Use Real Estate Valuation Services

How Can Attorneys Use Real Estate Valuation Services?

Real estate valuations play a large role in the legal industry, but attorneys can often struggle to find licensed appraisers and valuation firms to value properties around the country. By using Akrivis, legal firms can eliminate time spent searching for valuation partners with one trusted vendor. 

A third-party opinion of value for real estate can be valuable to attorneys by facilitating out-of-court settlements, resolving value disputes, and providing clarity on a real estate asset’s true value. 

There are three main reasons why an attorney or firm would require an appraisal or valuation, including divorce settlements, estate settlements, and trust & probate settlements.

Divorce Settlements

Perhaps one of the most common reasons an attorney would require an evaluation or appraisal is to help in a divorce settlement. Unfortunately, when two individuals file for divorce, a disagreement can arise about the value of the assets they are dividing.  This is where Akrivis’ services come in.

Using one of our hybrid appraisals or evaluations, your firm can obtain the value and condition of the real estate asset in five business days or less. This quick turnaround time helps keep the legal process moving and ensures a quick resolution for all parties involved.

Estate Settlement

Before a person passes away, they often set up an estate administration through an attorney to ensure their debts are settled and assets are distributed to their loved ones. Akrivis’ estate settlement valuation services come in handy here through not only our normal services but also our ability to provide a retrospective (date of death) value. 

Once the property is valued, the will determines how it will be divided among heirs and beneficiaries.

Probate Settlement

Probate is the court-supervised process for the orderly transfer of a decedent’s assets to those who are entitled to receive them. When real estate is involved, evaluations or appraisals may be necessary to understand the value of the decedent’s assets. 

Akrivis can help ease the burden of this process by providing timely and accurate valuations. Our quick turnaround time and expertise help minimize confusion, disagreements, and added stress during what’s often already a difficult time for those involved. 

Real Estate Valuation Solutions for Litigation

Akrivis is a pivotal player in real estate asset valuation for litigation, offering tailored solutions that go beyond conventional valuations. 

With a strong focus on data-driven methodologies, Akrivis specializes in precisely valuing real estate assets. Our expertise, driven by a combination of advanced technology and skilled professionals, allows us to navigate property valuation intricacies with accuracy. 

Attorneys and other litigation specialists benefit from our commitment to delivering reliable and insightful analysis, supporting informed decision-making in legal contexts.

Real Estate Settlement Report

The settlement statements we offer furnish an up-to-date market assessment for real estate implicated in various settlement scenarios.

Following an appraiser’s approach to value, we construct a market-based approach to value your client’s property, ultimately streamlining the settlement process by saving time and alleviating associated pressures.

Real Estate Settlement Appraisal 

If needed, you have the choice to get a real estate settlement appraisal through Akrivis. Our group of approved appraisers will use the Uniform Standards of Professional Appraisal Practice (USPAP) rules to assess the property. This way, you’ll have all the information and research necessary to build a solid argument for your client.

Appraisal Reviews

Do you need a second opinion on a current appraisal? Our specialists will assess the work of another appraiser to ensure it meets regulatory standards and minimizes risks, safeguarding both you and your clients.

Explore Akrivis Services for Your Litigation Specialty 

Accurate property valuations strengthen legal approaches, providing a solid basis for negotiations and court proceedings. Regardless of the type of litigation you specialize in, if there is a need to value real estate, please consider working with Akrivis. 

If you’re interested in learning more, please contact us, and one of our team members will connect with you!

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