Washington Property Appraisal Lawyer
Divorce is a complex and emotionally charged process. When a married couple has substantial assets that are of a very high value, or they are difficult to value, dividing marital property becomes even more challenging. In these cases, couples are required to obtain a property appraisal that they can then use to guide property division matters. Below, our Washington property appraisal lawyer explains in greater detail.
When Do You Need a Real Estate Appraisal?
In divorce, the marital home is one of the largest assets subject to division. There are many options available and the one chosen by the couple, or decided by a judge, will depend on the facts of the case.
One spouse may keep the home and compensate the other for their share, or the home may be sold with the proceeds being distributed among the couple, the home must first be valued. In the event that one spouse keeps the home and the other is bought out, the selling spouse will want the highest price possible, while the spouse who keeps the home will want the lowest price possible so they do not have to pay as much compensation. This can make valuing a home a very contentious issue.
It is critical to work with a professional appraiser who can provide an accurate value of the home. This can help either party create a strong argument that will strengthen their position during the divorce process.
What are Real Estate Appraisals During Divorce?
Real estate appraisals during divorce differ from other types of appraisals, such as those homeowners obtain when refinancing their mortgage.
Generally speaking, real estate appraisals during divorce are based on comparable sales in the area. An appraiser will inspect the real estate property, take note of any distinct features, and then compare them with properties that are similar in the same market or in a similar market. The value of the appraisal may differ from other values of the property, such as those obtained by tax authorities. This is one reason it is so important to work with a Washington property appraisal lawyer who can help you obtain the most accurate valuation so your interests are protected.
Appraising Other Types of Property
During divorce, there are other types of property a couple may need appraised, as well. These can range from jewelry, art collection, and other types of personal property. Often, one or both spouses place a sentimental value on these types of property and so, obtaining an actual value is more difficult. A Washington property appraisal lawyer can obtain an accurate value so the property can be divided properly.
Call Our Property Appraisal Lawyer in Washington Today
If you are getting a divorce, our Washington property appraisal lawyer can help. At Bunde & Roberts, P.C., our experienced attorney has the necessary expertise to appraise your property so you obtain the fair settlement you are entitled to. Call us now at 412-391-4330 or chat with us online to schedule a consultation and to get the legal help you need.
