Financing in Groton>Question Details

Mary, Home Buyer in 06340

Determine home value for divorce purposes

Asked by Mary, 06340 Wed Jan 21, 2009

I am going through a divorce and would like to keep our second home. How can I determine what current value to assign to the home?

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Mary,
In addition to having a formal appraisal, you need to have a home inspection. Yes, a home inspection. It will do you no good to only determine the value of the home if the home as some major issue that needs to be addressed. As a Realtor who specializing in handling real estate issue of divorcing couples we have learned that this is a best practice.
Web Reference: http://dianeoandfriends.com
0 votes Thank Flag Link Tue Jul 14, 2009
Absolutely, your best best is to have an appraisal done by an appraiser.
However, check with your divorce attorney first. He or she will be able to direct you so that all is handled according to the terms of the divorce.
0 votes Thank Flag Link Wed Jan 21, 2009
Mary,

The best source for accurate and defendable information will come from having an appraisal done for the property. A licensed appraiser will be able to provide you with what you need for a fee.

Best wishes,
The Eckler Team
0 votes Thank Flag Link Wed Jan 21, 2009
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