A divorce appraisal is a professional property valuation typically ordered by the court or a family law attorney. It is used to assess the value
of a piece of property, whether it's a marital residence, business, or another type of asset, as of a specific date in the past, typically the date of marriage or separation.
What are divorce appraisals also known as?
Divorce appraisals are also known as retrospective appraisals, historical appraisals, or marital appraisals.
Why are divorce appraisals necessary?
Divorce appraisals are necessary to ensure that the division of marital assets is fair. By having a qualified appraiser determine the value of
the property, the court can make an informed decision about how to divide the assets between the spouses.
What are the benefits of having a divorce appraisal?
There are several benefits to having a divorce appraisal, including:
How to choose a divorce appraiser
When choosing a divorce appraiser, it is essential to select someone who is qualified. The appraiser should be a member of a professional appraisal
organization and should have experience in appraising properties in your area.
What to expect during a divorce appraisal
During a divorce appraisal, the appraiser will inspect the property and compare it to alike properties that have sold recently. The appraiser will
also consider the state of the property, its location, and other factors that may affect its value.