If you’re selling your property as a result of divorce, you’re going to want to read this first.
Financial expert Shawn Leamon wrote a story, “4 Easy Ways to Accurately Appraise the Real Value of Your Marital Home,” originally posted here on this page of his site, DivorceAndYourMoney.com.
When you have a home, an apartment, house, or any similar asset, you should get a real estate appraisal when you’re considering or going through a divorce. These certified experts will determine the value of your property. The cost can vary depending on the nature of the property and any perks involved with it. Real estate appraisers will come up with either an exact value or a range of values for your property.
Before hiring an appraiser, do your homework. Be sure that they are certified by the state and that they’re familiar with your neighborhood, can provide references, and charge a competitive fee. Also ensure that the company doesn’t send a trainee to evaluate your house. You should get a seasoned appraiser who can ensure you get the most accurate and in-depth appraisal possible.
An appraisal is a starting point. Although real estate appraisers can estimate the value of your house, this doesn’t necessarily mean you will receive this amount after selling the house. Fees such as agent commission, taxes, and mortgage costs can slash that amount. An appraisal is a starting point, and simply an estimated value of your property.
Shawn Leamon is the author of Divorce and Your Money: The No-Nonsense Guide. Shawn Leamon, MBA and a Certified Divorce Financial Analyst, discusses real estate appraisals and how they work during divorce.