How can DTSW help with matrimonial home valuation?
Our team of Family Mediators and Accredited Divorce Financial Analysts provides expert guidance and support to ensure a fair and smooth property division process.
What are the costs associated with a home appraisal?
Home appraisals typically cost between $400 and $1500.
How does the appraisal affect property division?
The appraised value is used to ensure an equitable division of the property's value between the spouses.
Can I challenge the appraisal value?
Yes, if you disagree with the appraisal, you can request a reappraisal or seek a second opinion from another certified appraiser.
What is the difference between an appraisal and a Current Market Assessment (CMA)?
An appraisal is a formal, unbiased valuation conducted by a certified appraiser, while a CMA is an estimate provided by a real estate agent based on recent sales data.
How should I prepare my home for an appraisal?
Keep your home clean and well-maintained, and provide documentation of any recent improvements or renovations.
How do I choose the right appraiser?
Select a certified appraiser with experience in "divorce appraisals" and local real estate market knowledge.
What factors are considered in a home appraisal?
Factors include the property's location, size, condition, and recent sales of comparable homes in the area.
Why is a home appraisal important in a separation and divorce
A home appraisal provides an unbiased and accurate property valuation, ensuring a fair division of assets between the separating parties.
What is a matrimonial home valuation?
A matrimonial home valuation is an assessment of the fair market value of a home owned by a married or common law couple, specifically for the purpose of dividing property during a separation or divorce.