Importance of Estate Appraisal When Undergoing Divorce
You may require knowing the value of your house in many occasions without having to sell the house. You may need to know the value of your house during a marriage dissolution or divorce. There are many happening that can occur when you are divorcing. One of the scenarios is when there is a need to sell the house and splint the proceeds of the sale between the two parties. The other possibility is having the house sold to one party and gives the proceeds to the other person. That makes it necessary to have the house appraised in order to know the market value.
At sometimes only one value may be required that is at the time of filing the divorce case. if the house was owned by one of the spouses at the time of marriage, there may need to determine the value at the time of marriage and the time of divorce. If the house has changed upwards in value it means that some money has been spending on upgrading the house. That will mean that two values must be determined, come at the time of marriage and the other at the time of divorce after improving the house. When the value is determined, the couple, as well as the divorce judge, will be able to make some informed decisions that are crucial to the divorce process. Some of the determinations will have to be based on the value of the house. It is important to make sure that you have engaged someone who can determine the value professionally.
You are sure if you are dealing with a professional that you will get the correct value of the house. The appraiser needs to visit the property and take detailed notes in regard to the condition of the house and the quality of construction. All the defects that are found on the property have to be taken into the account before the final figure is determined. As the judge makes the final determination, the final figure will be used to aid in making the decisions. There are many other considerations that will be needed before the divorce case is determined but and determining the value of the house is one of the factors that cannot be left out.
After knowing that determining the value of the house is significant in the entire divorce process, the owners is on you to make sure you get the right appraisal expert for the job. The best thing is to know that you have the right figures as far as the house is concerned and the true position is determined correctly. Therefore take your time and make sure you have chosen the right professional to carry out the valuation. getting the wrong expert means getting the wrong figures and that means getting determination with errors.