Aladdin Appraisal

Divorce Appraisal: 

Why Choosing the Right Real Estate Appraiser and Attorney is Crucial for a Fair Settlement

If you’re going through a divorce and struggling to divide your marital assets, one crucial step in the process is choosing the right real estate appraiser. This can greatly impact the outcome of your settlement, so it’s essential to understand the advantages and disadvantages of hiring separate appraisers versus both hiring one neutral appraiser. Let’s explore why choosing a neutral appraiser is a better idea, as long as you select the right one based on reputation, reviews, and expertise.

Choosing the Right Divorce Attorney

But before we dive into the importance of choosing a neutral appraiser, let’s talk about the role of a good divorce attorney. A divorce attorney can guide you through the legal process and help you achieve a fair settlement. According to veteran divorce attorney Christopher Carbone of Carbone Law Firm, P.C., choosing the right attorney is just as important as choosing the right real estate appraiser. “Think about entering divorce litigation without an attorney, like trying to play a sport without knowing any of the rules, any of the players, how to score, or even how to win,” says Carbone.

It’s essential to choose an attorney who has experience in divorce law and a proven track record of success. Look for an attorney who is empathetic, communicative, and responsive to your needs. Additionally, consider their fee structure and whether it aligns with your budget. Taking the time to research and choose the right divorce attorney can greatly impact the outcome of your divorce settlement.

Advantages and Disadvantages of Hiring a Neutral Appraiser

Now, let’s talk about the advantages and disadvantages of hiring a neutral appraiser versus separate appraisers. Hiring a neutral appraiser can help both parties reach a fair split of marital assets. The neutral appraiser does not have a vested interest in either party and will provide an impartial, objective, and unbiased opinion of the property’s value.

The advantage of hiring a neutral appraiser is that it can save time and money. Both parties will only need to pay for one appraiser, reducing the overall cost. Additionally, with a neutral appraisal report, both parties are working with the same set of market facts regarding the value of the property, leading to a smoother divorce settlement.

According to Carbone, a neutral appraisal is appropriate when both parties have a good handle on all the finances and are approaching the process as a business decision. However, if the parties are still fighting and there is significant distrust and animosity, each party is going to want their own appraisal. In this case, it’s essential to have your own appraiser to counter the other side’s appraisal. Otherwise, you risk not being able to rebut their appraisal nor provide a basis for why the price you have in mind is more accurate.

Conclusion

Choosing the right real estate appraiser and attorney is crucial for a fair settlement in a divorce case. By selecting a neutral appraiser based on reputation, reviews, and expertise, you can save time and money, and ensure a smoother divorce settlement. Additionally, taking the time to research and choose the right divorce attorney can greatly impact the outcome of your divorce settlement. Remember to choose professionals with a winning track record, high ratings, and experience in divorce law.

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If you’re interested in learning more about our appraisal services or have any questions, please don’t hesitate to contact us at 617-517-3711 or info@aladdinappraisal.com . We’d be happy to discuss how we can help you navigate through your divorce.