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SpinDistribute.com Article Directory

The following article was published in our article directory on February 26, 2013.
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Necessity of a Divorce Appraisal

Article Category: Real Estate

Author Name: Mariana

Divorce is never easy. Normally, it involves people who used to love each other so much that they decided to marry, start a family and invest time and money for and with each other. This is why when they decided to get divorce, it is often difficult to undergo through the process of it. It is even an added injury to talk about settling properties that are part of the community property of the spouses. But if the latter involves a real property, they can lessen the agony by commissioning someone that does divorce appraisal.

An appraisal in the context of divorce is one that needs a report that has authority and that is well-established so that it can be used in court during the divorce trial.

The divorce appraisal that one should avail of is that which is provided for by a company or a person that can assure a report that is well-supported by facts and evidence. This can only be done if the appraiser is educated and experienced enough to know how to handle the most sensitive situations during the course of a divorce proceeding.

Getting the right person for a divorce appraisal is extremely vital as this appraisal will directly affect the outcome of the divorce. Lawyers and accountants both rely on the appraisals conducted in determining the value of a real property.

In divorce the value of the property, say a house, is important to be established because generally, after a divorce proceeding has been finalized, there is a need to account all the properties accumulated by the spouses and those that are deemed included in the community property of the couple. This is necessary because when the divorce proceeding is final, these properties will be equally divided into half.

Thus, all properties must be liquid. A non-liquid property can not be divided unless the couple agree on its value or stipulate each other's share.

Some couples decide to sell their properties and the proceeds of the same will be divided into two. The division is handled by the court or by the lawyers and accountants of both parties, and they rely on appraisers for such.

In other situations, one would want to keep the property and buy out the half that belongs to the other spouse. In this case, the lawyers, accountants and the couple will rely on the assessment of the people doing divorce appraisal.

A lot of things depend on when one can commission someone to do divorce appraisal. Part of the material facts which the entire divorce proceeding will be based on is the appraisal of the properties of the couple being divorced. Usually, the date when the proceeding will begin is based on when the appraisal is completed.

Basically, nothing can commence without the proper appraisal of the properties of the couple. Thus, hiring an appraiser is a necessity and not simply an option.

Keywords: home appraisal,house appraisal,nj property appraiser,divorce appraisal,property values,licensed appraisers ,property tax appraiser new jersey new jersey

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