Understanding Divorce Appraisals

Divorce is a challenging and emotionally charged time, and one of the most critical decisions to address is, “What will happen to the house?” Whether you plan to sell your home or buy out your partner’s share, knowing your home’s market value is essential. A divorce appraisal provides the “as-is” market value of your property, helping determine the equity in the home. This insight can guide you and your divorce attorney in making informed decisions about your future.

What is a Divorce Appraisal?

A divorce appraisal is a professional evaluation of your property’s market value, performed by a certified real estate appraiser. Unlike standard appraisals for buying or refinancing, divorce appraisals are often used to:

• Divide assets equitably between spouses.

  
  

• Help determine whether one party will sell their share or retain the home.

  
  

• Establish a fair market value for legal and financial purposes.

  
  

By providing an unbiased estimate, a divorce appraisal can help reduce disputes and streamline the property settlement process.

How Do Divorce Appraisals Work?

At Maverick Appraisals, we follow a thorough process to ensure accurate and timely results:

1. Scheduling the Inspection: We work with you and your divorce attorney to find a convenient time for the home inspection.

   
   

2. Measuring the Home: The appraiser will measure the property to calculate its precise square footage.

   
   

3. Assessing the Property Condition: Notes are taken on the home’s overall condition, unique amenities, and any necessary repairs.

   
   

4. Documenting with Photos: The appraiser will take photographs of all rooms, as well as any visible damage or areas needing improvement.

   
   

5. Preparing the Report: After the inspection, the appraiser compiles all the findings into a professional report, which is delivered to you and your attorney.

   
   

How Is the Appraisal Value Determined?

The appraised value is based on thorough research and analysis. Depending on your case, the appraisal may reflect the property’s value as of the inspection date or a prior date if required by the court.

The appraiser evaluates your home by:

• Comparing it to similar homes in the area that have recently sold.

  
  

• Adjusting the value based on differences between your home and comparable properties, such as size, condition, upgrades, or location.

  
  

• Considering current market trends to ensure an accurate assessment.

  
  

Why is a Divorce Appraisal Important?

A divorce appraisal ensures that both parties have a fair and impartial understanding of the home’s value. This clarity helps in deciding:

• If the house should be sold, how much equity each party may receive.

  
  

• If one spouse wants to keep the home, the buyout amount that reflects the fair market value.

  
  

Without a professional appraisal, it’s difficult to make equitable decisions, which can lead to prolonged disputes or unfair outcomes.

How Long Does a Divorce Appraisal Take?

At Maverick Appraisals, we understand the urgency of divorce proceedings. While every situation is unique, we typically deliver your appraisal report within 3 business days (and sometimes sooner) after the inspection.

Trust Maverick Appraisals to Help You Navigate This Transition

Divorce appraisals are more than just numbers; they’re a critical tool for ensuring fairness during a difficult time. At Maverick Appraisals, we’re committed to providing accurate, timely, and professional services to help you make informed decisions.

📞 Call us at (210) 970-9566 📧 Email us at admin@maverickappraisals.com 🌐 Visit us at www.maverickappraisals-san-antonio.com

With Maverick Appraisals, you can move forward with clarity and confidence.