What is a divorce appraisal?

A divorce appraisal is a specialized type of real estate appraisal that is conducted for the purpose of determining the value of a property in the context of a divorce. Divorce appraisals are typically conducted when a couple owns a property together and they are in the process of dividing their assets as part of their divorce settlement. The purpose of a divorce appraisal is to determine the fair market value of the property, which will be used to determine how the property will be divided between the divorcing parties.

The process of conducting a divorce appraisal is similar to that of a standard real estate appraisal, with the appraiser gathering information about the property and the local real estate market, conducting a physical inspection of the property, and analyzing the data to determine the value of the property. However, divorce appraisals often have additional requirements or considerations, such as the need to adhere to specific state laws or guidelines related to divorce and property division.

Divorce appraisals are typically conducted by licensed and trained professional appraisers who have experience in conducting divorce appraisals. It is important to choose a qualified and experienced appraiser to ensure that the appraisal is accurate and reliable, as the value of the property will have significant consequences for the division of assets in the divorce settlement.