Divorce is a painful process which involves the process of deciding who gets the house when real estate is involved, whether it be your own home or rental property that is owned together. In a divorce situation typically the home is either sold or one party stays in the house and the other party buys out the other. In either case both parties should have a real estate appraisal completed for each property.
Typically the attorney’s involved with handling the divorce will make sure a real estate appraisal is completed in order to determine the Fair Market Value for each property involved. The appraisal report will usually be completed as of the divorce or filing date which means the appraisal report will be a “retrospective appraisal” – an effective date that matches the divorce or filing date.
A real estate appraisal completed for asset division should be a professional report that is well-supported and defensible in court. The appraisal should be completed by a licensed and professional appraiser that understands the intricacies of the appraisal process and works side-by-side with the client in order to provide the most complete and professional service.
At California Home Appraisals Inc. we provide our clients with property valuation and report details that each unique real estate/divorce situation brings. California Home Appraisals is a Certified Appraisal company bound by the Uniform Standards of Professional Appraisal Practice (USPAP). This level of certification means we are able to appraise any residential (1-4 unit) property within the state of California and are bound by the most current standards of the appraisal profession.
Working with California Home Appraisals Inc. will assure that you receive the best in professional service and the highest quality appraisal reports. We also respect our clients and protect the privacy of your needs in every divorce situation.
