Divorce Appraisals for Real Estate
Unfortunately, divorces happen, and when they do, assets need to be divided. One of the largest assets for many people is their home. Before a divorce can be finalized, the value of the home needs to be determined by a residential real estate appraisal. When you know the value of your property, you have information you need to make a decision – does one person get the house (perhaps by buying out the other person), or will the property be sold and the proceeds divided along lines similar to the rest of the division of assets?
Use a Certified Residential Appraiser
In Texas, a licensed real estate appraiser, preferably a Certified Residential Appraiser, should perform divorce appraisals in order to obtain an appraisal that will hold up (i.e, be defensible) in court.
Attorneys, as well as Accountants rely on professional property appraisals when calculating the values for real property.
We Have the Experience You Need
Don’t trust your divorce appraisal to an entry-level, licensed appraiser. You need a Certified Residential Appraiser to perform your realty appraisal.
In divorce cases, the date for which the property needs to be appraised is frequently different than the date the appraisal is requested – the date is usually in the past. Sometimes,more than one date in the past is of interest. Appraisal IQ is experienced in handling appraisals where the date of the appraisal is different than the date the report is ordered, or the date the appraisal is performed.
For this type of appraisal, called a retrospective appraisal, the effective date needs to match the date of the divorce, or another key date in the past.
Appraisal IQ adheres strictly with the Uniform Standards of Appraisal Practice (USPAP), which means the details we receive that are necessary to perform a property appraisal for a divorce will be handled with discretion and confidentiality.
Line Your Financial Ducks Up
If you need an appraisal for a divorce, or for dividing assets, please email email@example.com, or call (512) 541-2107 for more information.