When it comes to a divorce, there are generally two options regarding the house – it can be sold and the proceeds divided, or one party can “buy out” the other. In either case, one or both parties should order an appraisal of the residence. Divorce appraisals require a well supported, professional opinion of value and accomplish two things:
1. Develop an appraisal that will be defensible in court should it go that far.
2. Develop an appraisal that may be accepted by both parties as reasonable and accurate so that all parties can come to agreement faster and with less acrimony.
Listen to Blaine delve further into this topic on his Real Value Podcast where he discusses the qualities to look for in an appraiser who specializes in divorce type appraisals. Getting a divorce is a very stressful and emotional process that doesn’t need to be complicated further by a bad appraisal or by somebody who doesn’t understand how the process works.
Blaine founded the Real Value Group in 2005 with a vision of having a collaborative office of like-minded appraisers and professionals from other industries all under one roof. The idea worked even better than first planned! Real Value Group became a business incubator for success minded individuals from several industries. Blaine has mentored and personally trained more than 10 appraisers since 2005, most of whom have gone on to build their own successful appraisal firms.