Importance Of A Baton Rouge Home Appraisal When Settling Divorce
There is no doubt that any divorce process the people involved will encounter different challenges. Most of these divorce disputes are concerned with the distribution of jointly owned property. In most cases, a home appraisal is required to equitably distribute all property owned during marriage. For that reason, there are certified companies that will do a fair and professional home appraisal.
Further, sometimes a divorce, because of the state laws, is followed in different ways. Although there is a general conception that all possessions have to be divided equally between husbands and wives, this is not always true.
There are different factors that determine the current asset division. In the first place, it has to be considered the way that properties were acquired. Sometimes, possessions prone to be appraised as part of the divorce process cannot be considered since some of them take no part in the marriage. It is pointed out, for example, that all possessions owned prior to the marriage, possessions acquired by inheritance or gift, or possessions bought with funds collected previously or outside the marriage, are hardly considered when settling a divorce. In addition to these parameters, prenuptial agreements are also considered in this particular case.
Given the diverse factors and variables concerning a divorce process, it is highly necessary to look for legal support before ordering a home appraisal. Further, appraisals during divorce ought to be done by a certified appraiser, preferably available in the same estate or zone. For all these reasons, Baton Rouge Home Appraisals is an excellent choice since they are familiar with laws of the state, local geography, valuations, assessments, and other activities concerning home appraisals.
The appraisers, or at least one appraiser, are always looking to simplify and hasten the division process. In spite of the fact that this kind of task involves history facts and investigation, couples or attorneys can rely on Baton Rouge Home Appraisers to fairly determine the value of property. More precisely, they can determine the value of financial holdings, real estate, and other valuable belongings such as furniture, artwork, jewelry, collections, and so forth. Baton Rouge divorce is a big concern for lawyers and appraisals since there is more value present in real estates than expected. In this regard, when there are different valuable items like cars, motorcycles, boats, sports equipment, business equipment, gardening tools, china, jewelry, pensions, and other things, the process of a home appraisal gains more importance and value at the moment of distributing properties.
With regard to the Uniform Standards of Professional Appraisal Practice adopted across the United States since 2008, Baton Rouge Home Appraisals are done to these specific standards to ensure that all properties are properly appraised. A Baton Rouge home appraisal during a divorce is always provides detailed and elaborated documents that are fundamental in any assed division. This way, by using the USPAP standards there will not be any delays or errors when settling a divorce. For that reason, when looking for a home appraisal when settling a divorce, it is very important to request a copy of the state issued license and a copy of the Errors & Omissions insurance.
by: Jamie HansonAbout the Author:WilliamD Cobb, CREA, with Accurate Valuations Group, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 18 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser in East Baton Rouge Parish, West Baton