Why You Need Estate Appraisal If You are Preparing for Divorce
You may require knowing the value of your house in many occasions without having to sell the house. One of the times when you will want to know the value of your house is when you are looking forward to divorcing your spouse. 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. Sometimes the couple decide to let one of them keep the house and then the other is paid the proceeds. That means it is important to have the current market value of the house and that is why appraisal is necessary.
In some instances only one value is required which is the value at the date 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. Therefore there will need to determine the initial value of improvement and the value after the house has been improved. The a couple, as well as the judge, will want to know the value of the house so that the decisions that will be made will be based on facts and not imaginations or assumptions. When the value is known some decisions will be made based on that. You need someone professional to value the property.
When you have a professional doing the work you are sure that you will get the real value of the property. What needs to be determined is the construction of the house and the condition. 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. That will make you settled to know that the true value is determined and the right calculation will be carried out. Therefore take your time and make sure you have chosen the right professional to carry out the valuation. Using the wrong expert means having determinations based on errors.