Did you know that a divorce appraisal is a legal requirement for a successful divorce? Divorce is a very hard time to deal with for both parties involved. It includes not only the separation of the wedded party but also all of their assets.
Disputes regarding how much of the total assets go to which party or who gets to keep the asset with them after separation are common causes of a lot of stress and pain. Thankfully, when it comes to these issues, you have the option of taking the assistance of a professional divorce appraiser.
So, let’s take a look at what is a divorce appraisal and what you should expect from a divorce appraiser in Sacramento.
What is a Divorce Appraisal?
Divorce Appraisal is a process where a professional licensed appraiser estimates the total market value of your assets. This process is done for the assets owned by either one of the spouses or the assets shared by both of them. Their report is a valid document that can be submitted before a court to determine how the assets will be distributed between them.
What to Expect from a Divorce Appraiser
The professional who is licensed to perform a divorce appraisal is known as a divorce appraiser. You can expect the following from them during their work to estimate the value of your assets:
- They Give Unbiased Reports
A divorce appraiser has to be a third party who does not have any previously established connections with either party. This is done to ensure that they remain unbiased when submitting their report before the court. You can rest assured that the divorce appraisal report will contain figures that were calculated without any bias.
- Inspections of Your Assets and Properties
For their divorce appraisal reports, a divorce appraiser will frequently conduct searches on your property. Here they will examine every corner of your home and also look at the outside areas as well. You are also required to provide the divorce appraiser, information on any renovations or additions that you made to the property.
All of this is done to determine the overall condition of your property. They also do the same for every asset that you have.
- Analysis of Market Trends
The divorce appraisal does not only include the condition of your properties and assets but also the market trends that are prevalent at the time of your divorce. Your property and asset values are calculated by the appraiser based on both market trends and the condition of your asset.
- They Comply with all Legal Requirements
All of the work done by a divorce appraiser is done while complying with every legal requirement expected of them. The divorce appraisal report is a very important piece of document that plays a crucial role during the negotiation process.
Conclusion
A divorce appraisal is an accurate estimation of your property and asset’s real market value. It involves the expertise of a licensed divorce appraiser to be considered an admissible document before a court. So, if you are in search of a divorce appraiser in Sacramento, visit Sacramento Valley Appraisal today.