Divorce Appraisals
Divorce Appraisals. Divorce
is a painful process in which there are many decisions to be made including ‘who’s staying’ and ‘who’s going’ when determining what happens to the house. Often times the home is put up for sale in which the profits are split or otherwise one of the parties typically buys out the other.
In either case, one or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that’s defensible in court.
Many times the divorce date differs from the inspection date of the appraisal thus requiring a retrospective appraisal that has an effective date and value estimate corresponding to the date of divorce or filing. We’ve completed countless divorce appraisals over the years so we understand exactly what’s involved as well as the need to handle these situations with the utmost care.
We’re bound by the ethics provision within the Uniform Standards of Professional Appraisal Practice (USPAP) which means you’re assured the highest level of confidentiality, guaranteeing you the utmost discretion. In addition, we provide you with comprehensive appraisal reports that meet or exceed requirements of the courts and other various agencies.
When you work with Bostedo Appraisal Services you can be assured you’ll get the best in professional service, courtesy, and you’ll receive the highest quality appraisal reports. Our team of exceptional appraisers will also respect and protect the privacy of your needs in a divorce situation.
Frequently Asked Questions About Divorce Appraisals
Q: What exactly is included in a divorce appraisal? A: A divorce appraisal includes a detailed analysis of your property, including its physical condition, location, and comparable market data. The final report provides a fair market value which can be used in court or settlement negotiations.
Q: How long does the appraisal process typically take? A: The timeline can vary, but typically an appraisal is completed within one to two weeks from the initial consultation. We strive to accommodate urgent requests when possible, understanding the time-sensitive nature of divorce proceedings.
Q: Can the appraisal be challenged in court? A: Yes, either party can challenge the appraisal. However, having a professionally prepared appraisal by a certified appraiser provides strong evidence in court. Our thorough process and detailed reports are designed to withstand scrutiny.
Q: How is the appraised value determined? A: The value is determined by comparing your property to similar properties that have recently sold in the area, adjusting for differences in size, condition, and other factors. We use multiple valuation methods to ensure accuracy.
Q: What if we have multiple properties to appraise? A: We can appraise multiple properties as part of the same divorce proceeding, providing a comprehensive report for each. This approach ensures consistency and can streamline the overall process.
Q: Do both parties need to agree on the appraiser? A: It is beneficial if both parties agree on using the same appraiser to avoid discrepancies and potential conflicts over the property value. We strive to maintain neutrality and provide unbiased assessments.
Why Choose Bostedo Appraisal Services for Your Divorce Appraisal
At Bostedo Appraisal Services, we understand the emotional and financial complexities of divorce. Our experienced team is committed to providing compassionate, precise, and timely appraisal services to help you navigate this difficult time with confidence. We offer:
By leveraging our expertise and comprehensive approach, we aim to provide you with the clarity and support you need during your divorce proceedings. Our goal is to ensure that you receive a fair and accurate appraisal, allowing you to move forward confidently in the next chapter of your life.
Give us a call today with any questions you might have and make sure to check out our Customer Reviews and Testimonials page of what others have to say about our Team at Bostedo Appraisal Services.
