Questions About Houses You Must Know the Answers To
Why You Need Estate Appraisal If You are Preparing for Divorce
Several cases may call for you to value your house not necessarily when you are purchasing or selling it. Some of those cases are when you want to get a divorce. There are several scenarios that can take place during a divorce. One of the scenarios is where the house is sold to allow the couple to split the proceeds. There is a time when the best option is to let one of the spouses keep the house and pay the proceeds to the other spouse. That makes it necessary to have the house appraised in order to know the market value.
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. The the house may be increasing in value in that the couple may have spent some money in order to give the house the value it has currently. The couple will want to know the value before the house was improved and what the current value is after improvement. The judge presiding over the divorce case will need to know the value of the house in order to make some crucial decisions. Some of the determinations will have to be based on the value of the house. You need to make sure the person who is valuing your property is professional and understands the work.
When you have a professional doing the work you are sure that you will get the real value of the property. The appraiser should be on the condition of the house and the quality of the construction. All the defects that are found on the property have to be taken into the account before the final figure is determined. The final value is what will be used by the judge to aid in making a decision on the determination of the divorce case. 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.
So since the value of the house is something so significant to the entire divorce process, you need to make sure it is done in the right way. That will make you settled to know that the true value is determined and the right calculation will be carried out. Therefore do not be in a hurry, take your time when you are looking for a suitable professional for the job. getting the wrong expert means getting the wrong figures and that means getting determination with errors.