Divorce is unpleasant no matter what state you live in. Home Appraisers, Inc. would like to help smooth out at least one part of the process for you. Whether you jointly own residential or commercial property (or both), we have a trained, certified Massachusetts home appraiser standing ready to assist you. The price of such an appraisal for a residential property averages approximately three hundred fifty dollars, which is going to be money well spent regardless of what ultimately happens to the property itself. In general, there are two options. The property can be sold and the proceeds divided, or one party can “buy out” the other’s interest in it. In either case, you can see why an appraisal is so important.
A divorce home appraisal is indeed a little different from other types of appraisals, as much as you might think otherwise. For example, it needs to be prepared in such a way as to stand up well in court. Therefore, it’s a good idea to have this done by an appraisal company that handles this specific type of appraisal on a regular basis. What’s more the courts in Massachusetts have slightly different requirements for such a document than those in other states. So, in a sense, the company you’re dealing with needs to be familiar with both the appraisal process and at least some legal processes.
One unique aspect of these appraisals is that sometimes they need to be retroactive. In the event the divorce date is actually prior to the date the appraisal was performed, some analysis is required in order to make the appraisal accurate as of that prior date. For Home Appraisers, Inc., this is not a problem. Neither is the discretion such an appraisal requires. In fact, we will make sure that your appraisal is one less thing you have to worry about in any way.
Categorised in: Reasons To Get An Appraisal
This post was written by Joseph Castaneda