A matrimonial home valuation determines the fair market value of a shared residence during separation or divorce proceedings.
A matrimonial home valuation is a professional assessment that establishes the current market worth of a property jointly owned by married or common-law partners. This valuation becomes essential when couples separate or divorce and need to divide their assets fairly. The process typically involves:
- A detailed property inspection by a certified appraiser
- Analysis of recent comparable sales in the neighbourhood
- Assessment of the home’s condition and improvements
- Consideration of current market conditions
- Documentation of any outstanding mortgages or liens
The resulting valuation provides a legally recognized assessment that helps ensure an equitable division of this significant asset, whether through buyout, sale, or other settlement arrangements.