When real property is part of a divorce, an independent appraisal can help attorneys, mediators, and property owners understand the market value of the residence or other residential real estate involved. The appraiser's role is to provide an impartial, well-supported opinion of value—not to advocate for either party.
Current vs. Retrospective Value
Some assignments require current market value; others may require value as of a prior date. The correct effective date should be established with the client or legal counsel before the appraisal begins.
Information That Can Help
- Property address and ownership information
- Required effective date
- Attorney or mediator contact information when appropriate
- Relevant court or assignment instructions
- Information about renovations, additions, deferred maintenance, or unusual property characteristics
- Access arrangements when one party occupies the property
Neutrality Matters
An appraisal used in a divorce should not be built around a desired outcome. The appraiser independently researches the market, selects and analyzes appropriate comparable sales, considers relevant property characteristics, and develops a supported opinion of value.
Buyouts and Settlement Discussions
When one spouse is considering retaining the home, a credible appraisal can provide a common valuation reference for attorneys and parties discussing a potential buyout or property division. The appraisal itself does not determine how equity should be divided; that is a legal and financial matter outside the appraiser's role.
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