Book a Divorce Appraisal

Divorce appraisals are a specialized type of real estate appraisal that are used in the process of divorce to determine the fair market value of a marital home or other real property. The purpose of a divorce appraisal is to provide an objective and unbiased assessment of the property's value, which can then be used in the division of assets during the divorce settlement.

In a divorce appraisal, the residential appraiser will typically use the same methods and data as in a traditional real estate appraisal. The appraiser will consider the location, size, condition, and potential income of the property, as well as comparable sales and rental rates in the area. However, the appraiser will also take into account any unique factors that may be specific to the divorce situation.

For example, if the marital home is in need of repairs or renovations, the appraiser will factor in the cost of those repairs into the overall value of the property. If the property is a vacation home that is only used seasonally, the appraiser will take into account the lower potential income and rental rates.

Divorce appraisals are typically ordered by one of the parties involved in the divorce, and the report is shared with the other party as well as the court. The report is usually used as evidence in a trial, to help the court determine how to divide the assets of the couple.

It's important to note that divorce appraisals should be performed by a neutral, divorce appraiser who is not affiliated with either party. This ensures that the appraisal is fair and unbiased, and that the results will be accepted by the court.

If you need a divorce appraisal, a specialized type of real estate appraisal that is used in the process of divorce, NY Appraisals can help you to determine the fair market value of a marital home or other real property. It's performed by a neutral, independent appraiser and it's used to divide assets in the divorce settlement. Factors like location, size, condition, potential income, comparable sales, rental rates and any unique factors that may be specific to the divorce situation are considered.