3 Ways to Value your Home During a Divorce

3 Ways to Value your Home During a Divorce

Thinking of filing for Divorce? Here are 3 ways to value your largest asset… Your Home. For a lot of partners, the marital property is the largest asset gained during the marriage. Whether you or your partner desires to keep the marital residence following the divorce, it is essential that an accurate value is obtained for purposes of property division. Order A Home Appraisal The absolute most reliable evaluation method for real-estate would be to obtain an appraisal from a qualified appraiser. Depending on your real estate market, appraisals could cost a few hundred or several hundred dollars. Even though this may be financially burdensome when your earnings are already strapped as a result of costs for the divorce process, an assessment can save you thousands of dollars if the value you’re using for the real estate is inexact. For example, if you are inquiring to keep the marital residence, and you are attributing value to the property based upon a 2013 assessor’s value at $345,000, but a current appraisal values the property at $325,000, you’ll owe your partner $20,000 less in equity for the residence. Thus, the expense of an appraisal is actually a valuable investment. Conversely, if your husband or wife is requesting to keep the property, and you have inadvertently valued the house too low, there’s a chance you’re losing out on equity in your home to which you are entitled. In the event you and your spouse aren’t in agreement on the value of the property, an appraiser is a reliable witness whom you can call to testify at a final hearing. Comparative Market Analysis...
How will my Divorce effect our Home?

How will my Divorce effect our Home?

What happens to my home during a divorce? Divorce is a terribly painful process and can be very confusing for both parties involved. A divorce appraisal is necessary to determine the value of your home since you are likely to sell the house and split the proceeds. Both parties involved should look into hiring a real-estate appraiser to place a value on the house. Asset division is the solution nine out of ten times when deciding the file for divorce. In many cases the home owners don’t want the burden of the memories that took place in the house once separation is decided. Our Divorce Discretion Policy. An appraisal report is needed when filing for divorce, the courts and other financial institutions will want to know the value of your assets including your home when filing for divorce so that an agreement can be arranged for division. When you choose to work with Appraise Denver Xpert you can expect the utmost discretion and confidentiality. We know that this is a trying and sensitive time in your life and we do everything in our power to make working with us the most comfortable experience for you. Will you work with my Divorce Attorney during the appraisal process? Appraise Denver Xpert has years of experience working with Divorce Lawyers and law firms during divorce proceedings. Many firms depend upon us to provide property values during these trying times. If you have any questions call us now for a free consultation. You can reach us at (720) 434-8527. Additionally, you can visit our site – Click Here – for more...
When are Carbon Monoxide Detectors Required?

When are Carbon Monoxide Detectors Required?

  When and Why Are Carbon Monoxide Detectors Required? Everyone seems to have heard about carbon monoxide, but not many people seem to know much about it. This particular gas is created each time a fuel source is burned off. These sources of fuel can consist of many various things such as kerosene, oil, gas and even wood or charcoal. The issue is that carbon monoxide can’t be seen or otherwise detected without the use of a monitoring device and in high levels; carbon monoxide can certainly cause death. And undoubtedly even lesser quantities may still cause carbon monoxide poisoning, which can cause significant health problems from lethargy and amnesia to psychosis and even Parkinson’s disease. Taking that into consideration it is a little bit more obvious why it’s so essential to have carbon monoxide detectors set up in your house. So here’s a couple of things to know about the detectors themselves: •   Carbon monoxide detectors are like smoke detectors in size, appearance and cost. •   The detector can be a battery powered plug-in style with battery backup, or an installed and wired device connected to a system panel with battery backup. •   Under law, the carbon monoxide detector must omit an audible alarm when elevated levels of carbon monoxide are detected. •   In circumstances in which a combination of both a smoke detector and carbon monoxide detector are in the same device, there must be a distinct difference in the audible alarm between the two. What is Colorado Law regarding Carbon Monoxide Detectors? What most people are asking when investigating this issue, though, is what the Colorado law is regarding carbon...

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