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The Essence of Estate Appraisal in Divorce cases

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 many happening that can occur when you are divorcing. One of the scenarios is where the house is sold to allow the couple to split the proceeds. 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.

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. When there is increased value in the house after marriage it means that the couple has been spending money to upgrade it. Therefore there will need to determine the initial value of improvement and the value after the house has been improved. The judge presiding over the divorce case will need to know the value of the house in order to make some crucial decisions. When the value is known some decisions will be made based on that. 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 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 the importance of the value of the house in the whole process, it is up to you to make sure you get the right appraiser to do 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 do not be in a hurry because you may end up hiring the wrong appraisal expert. Using the wrong expert means having determinations based on errors.

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