Property Valuation Helps In Settling Divorce Issues
17 Jul 2017 in Finance
Going through a divorce is never easy. Aside from the emotional trauma that it brings, you will also become more financially unstable. You have to settle a lot with your former partner before finalising the agreement. Otherwise, you will drag each other into court and this could be very messy.
One of the best ways to avoid this mess is by undergoing property valuation. The process is very easy. You can just have the property valued by an appraiser and you will know how much it is worth. It is crucial when you are about to divide assets between each other.
You already know how much the property cost, so it is easy to split up. If you have a lot of properties, it is even easier to find out who will get a certain property and why one property is better than another. Take note that property valuation includes all the details.
It is not just about the value of the home itself. It also includes the facilities and amenities present inside the property. The location of the property will also affect its value. Its distance from other key facilities like schools, department stores, hospitals and public transportation will also have an effect on the value. Therefore, the final amount that will be given to you is the actual value of the property.
There’s no need to fight
Sometimes, divorcing couples have to fight about certain properties. One option is to split up but you cannot split the house. The best way is for one person to get the property and pay the other half the price of the property based on the amount stated in the valuation report.
Some other things and assets are more difficult to quantify. Fighting over them could be even messier. At the very least, the properties won’t be included among the things to fight about.
Hire a surveyor now
To get started with the process, find a surveyor to help out. Make sure that you are getting someone who is trustworthy and has a reputation for valuing properties accurately. Better yet, look for firms with the best surveyors. If something goes wrong, you can easily complain to the firm and they will give another assessment for free. Go for the best building surveyor Chelmsford offers for more information about valuating properties.
Focus on starting a new life
Now that you have settled the property issues, you can focus on other things. It won’t be difficult for you to start over since you have at least settled some difficult parts of the process. You might even find a new love soon since you can now focus on the more important things.