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...

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