Oftentimes, the question is raised as to whether you need a home appraisal for your Florida divorce. When a married couple decides to divorce, their property must be divided equitably between the two of them. While a couple can choose to dispose of their home in any way that they would like (as long as the disposition fits into a larger scheme of fairly distributing the entire marital estate), deciding what to do with the marital home is never easy. A home is more than an asset with monetary value; it has a great deal of personal significance to all of the people who reside therein. The personal aspect of deciding how to dispose of the marital home can make it difficult for couples to agree on a course of action, even if there are multiple options which would, from a strictly economic view, fit into an equitable distribution of property.
For an ordinary real estate transaction, one appraisal is usually all that is needed. In the context of divorce, having only one appraisal may be problematic. Spouses who are getting divorced typically have interests that are adverse to each other, so it is a good idea for each spouse to have his or her own appraisal done. Sometimes, divorcing couples will agree to use one appraiser. If that is the case, the parties should arrange to be at the home when the appraisal happens.
If you would like to learn more about your legal options regarding your Florida divorce or any other important family law matter, please contact the Law Offices of James S. Cunha, P.A. at 561-429-3924 or via email at [email protected]. We proudly serve family law clients who reside in Palm Beach, West Palm Beach, Boca Raton, Wellington, Jupiter, Palm Beach County, Broward County, and Martin County.
