Case Study: My Experience With Houses

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. There are occasions when the best option is to have the house sold and the proceeds dived between the couple. The other possibility is having the house sold to one party and gives the proceeds to the other person. That is why it is important to have the appraisal in order to determine the market value of the house.

In some instances only one value is required which is the value at the date of filing the divorce case. In case where one of the spouses was owing the house in question, there may be two values needed, that is one at the time of marriage and another at 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 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. 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 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 the final figure will be useful to the judge when making the final determination of the 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.

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. Using the wrong expert means having determinations based on errors.

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