Call 561-328-0718
to schedule a consultation
Family legal issues? Contact Jonathan today!
Aggressive. Affordable. Results.

The benefits of an appraiser when filing for divorce

On Behalf of | Apr 12, 2019 | High Asset Divorce

An appraiser can wind up being a big help if you file for divorce in West Palm Beach, Florida. You should never go through a divorce without the help of an appraiser. It’s likely your divorce attorney will recommend the same because an appraiser will be able to provide you with the value of your home and other assets to your name.

The biggest benefit of using an appraiser while going through your divorce is that the appraiser is completely unbiased. The appraiser should not have any connection to you or your spouse, so make sure you don’t pick a family member or friend who works as an appraiser. This will help determine a fair market value for the home and a price for the listing.

The appraisal of the home will also be helpful if one of the spouses decides to keep the home and have the mortgage refinanced. Refinancing the mortgage is important because it is used to remove the other spouse’s name from the account. This is a buyout. A fair market value helps determine how much of a buyout the spouse keeping the home will need to pay the other spouse.

Have other large assets? The appraiser you hire can help assign fair market values to all of these large assets, including other pieces of real estate, vehicles, artwork, collections and other items.

The appraiser chosen to assign a value to your home when going through a divorce will be a major asset to the process. Don’t overlook the home appraisal, especially if you are trying to sell the home and then split the money from the sale with your former spouse.