The Essence of Estate Appraisal in Divorce cases
There are many instances when you may need to use the value of your house other than when you are either selling or buying it. 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 several scenarios that are possible 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 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. 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. 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. Knowing the value of the house will help in making some crucial decisions. You need to make sure the person who is valuing your property is professional and understands the work.
You are sure if you are dealing with a professional that you will get the correct value of the house. 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. When determining the divorce case the judge will need so many facts and one of them that cannot be left out is the true value of the property used by the family.
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. 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 because you may end up hiring the wrong appraisal expert. When you have the wrong expert, the determination will be based on the wrong figures.
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