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Divorce Appraisals
At Bibeault Appraisals, we are committed to mitigating the stress of the divorce process by completing appraisals in a timely, diligent manner. We provide appraisals to lawyers representing the parties, or to the parties directly. We look forward to completing an appraisal for your divorce. Request a Quote
FAQs
Why should I get an appraisal?
Divorces involving commercial properties can be complex, particularly when multiple properties are involved. There are multiple reasons to get a real estate appraisal for divorce proceedings:
Equitable Distribution: An accurate appraisal helps ensure that the real estate is divided fairly according to the divorce settlement. Both parties need to have a clear understanding of the property’s value to reach a fair agreement. Furthermore, if one party is buying out the other’s interest in the property, an appraisal determines how much equity is involved. This ensures the buyout offer is fair and reflects the current property value.
Avoid Disputes: A professional appraisal can help prevent disputes by providing an unbiased valuation that both parties can agree upon, reducing the potential for conflicts. Appraisals also ensure that both parties have an accurate picture of the property’s value, protecting individual financial interests and ensuring a more equitable division of marital assets.
Future Planning: Knowing the property’s value helps both parties make informed decisions about whether to sell, retain, or transfer the property. If both parties agree to sell the property, an appraisal can help them determine a sale price.
In some instances, divorce proceedings can involve three or more appraisals -- one appraisal for each spouse, plus a review appraiser for both reports. We also provide appraisal review services if required for a particular divorce scenario.
How long do appraisals for divorce proceedings take?
Appraisals for conventional commercial properties typically take 2-3 weeks (10-15 business days) to complete. Rush orders can be requested but usually require a higher fee. Appraisals for divorce proceedings can take considerably longer than appraisals for bank financing or prospective sales because of the higher level of reporting required. Appraisal reports completed for divorces may be used in a court of law, which requires the appraiser to explain their conclusions in more detail and bulletproof their analysis.
Why should I choose Bibeault Appraisals for my divorce appraisal?
Independent, Well-Supported, and Accurate Appraisals: Our appraisers are committed to professional integrity and independence, and employ contemporary methods of analysis to ensure that your appraisal is accurate and defensible. We give individualized attention to each appraisal and perform the necessary due diligence for each assignment. Before transmittal, your appraisal will be rigorously reviewed for quality and accuracy.
Timeliness: We are always willing to accommodate the strict timelines of lawyers and property owners. We are committed to meeting our deadlines and providing prompt answers to any inquiries or possible revisions.
One-on-One Attention: Our view is that every client deserves individual attention. We are committed to treating every client with the utmost respect, helping them navigate the appraisal process and answering any questions they may have along the way. We always have time for your inquiries and follow-up questions, and are committed to making the appraisal process as seamless as possible.
Professionalism and Expertise: All of our commercial appraisers are licensed professionals who approach every assignment with solemnity. We are versed in contemporary methods of analysis and data collection, and ensure that every report is well-written, defensible, and credible. We are also available to provide expert witness testimony in depositions, mediations, and court proceedings.
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