Divorce is an incredibly emotional process for all involved. Besides child custody, deciding what to do with shared assets is one of the most challenging parts of the process. Divorce appraisals provide you with the fair market value of your assets (real estate and personal property). This determination of value helps you and your legal counsel determine what to do with your shared assets, whether it be splitting them up or selling them and splitting the proceeds.
Why is an Appraisal Essential During Divorce?
During a divorce, every asset will need to be divided between spouses. It is advised that divorcing couples get their real estate (house and land) and personal property (household goods, antiques, artwork, collectibles, etc.) appraised to establish fair market value.
An appraiser, who acts as an independent third party in the divorce, does not represent either spouse. The appraisal report details the fair market value of the real estate and personal property at the time of the proceedings.
For this reason, an appraiser is a valuable and essential resource during a divorce proceeding. Knowing what your assets are worth can help you come to a fair settlement. On the other hand, in the event that both spouses cannot reach an agreement, the appraisal report may help support your position during a trial, if one is to occur.
How Can I Begin the Appraisal Process?
AppraiseItNow is a global team of certified appraisal professionals. Our appraisers work in all 50 states, and are certified to appraise real estate and personal property for the divorce process. To begin the appraisal process, and see how our team can best help you, click the button below.