What You Need to Know for Divorce Appraisals

A divorce is never easy. Not only can it be emotionally draining—it also presents a host of practical problems. How do you even begin to untangle the life you have built together?

It’s easy enough to divvy up your personal belongings and the furniture, but when it comes to your marital home—which is probably your largest financial asset—things can get messy pretty quickly. Here’s where the services of an appraiser company in Toronto can help.

Working with appraisal firms can ensure that you and your soon-to-be-ex spouse both get a fair share—whether you want to sell the home or one of you plans to keep it and the other wants to collect their half of the equity. Even your divorce attorney will likely advise you have your house professionally appraised so you can get an iron-clad valuation.

An appraiser in Toronto is an unbiased third-party that can provide information on the true value of your home. An appraisal company can certainly calm things down when emotions fly high.

What to Expect

The job of Toronto appraisal firms is to determine a property’s fair market value. The process is fairly straight forward. An appraiser will visit your house and review its lot size, square footage, number of rooms, and other such factors. They then take into account factors like neighbourhood demographics, available utilities, market trends in the area, the condition of the property, the immediate surrounding neighbourhood, etc. You can expect a residential appraisal report to be finished in less than a week.

While the services of an appraiser aren’t cheap, a professional appraisal is well worth it. It can save you from a lot of emotional stress and headaches. It also makes it easier to split a joint property following a divorce. An accurate appraisal can simplify the otherwise onerous process of dissolving real estate assets held in your marriage, so you can start fresh as soon as possible.

Here’s a fact: It’s rare for divorcing spouses to agree on the value of their home. An appraiser can diffuse the tension and help ensure that you don’t have to drag yourself through a protracted litigation over disagreements about how much your matrimonial home is worth. Appraisal Hub Inc. provides detailed appraisal reports for properties in Toronto and the Greater Toronto Area. We ensure discretion and accuracy. You will receive a comprehensive report that is valid for use in legal paperwork.