I had someone ask me the other day about when a real estate appraisal is needed during the divorce process. I have written previously about some of the details of divorce valuations, but to answer the question here, I’ll say the following. An appraisal should be completed whenever your attorney gives you the go-ahead to have an appraisal done. Usually that takes place after divorce papers have been formally filed and before any court or mediation date. On the other hand, if you are not working with an attorney, then it’s really up to you.
Keep in mind that the appraised value is typically based upon the date that divorce papers were filed, so it’s not a bad idea to hire an appraiser not long after filing (maybe a matter of months as opposed to waiting two years). I find that most clients dealing with divorce in the Sacramento Region typically order these types of appraisals within 3-6 months of papers being filed, though each situation is different.
If you have any questions, feel free to reach me at ryan@lundquistcompany.com or 916-595-3735. You can see our divorce appraisal website also at www.SacramentoDivorceAppraisals.com.
www.SacramentoAppraisalBlog.com When do you do the appraisal during a divorce?
It’s good to know that you can have the appraisal done once the divorce paperwork has been filed. It’s better to have the appraisal done sooner than later like you mentioned. Finding out how long the appraisal process takes may also help you decide when to have it done.