A family law valuation is a valuation of property carried out where two parties are separating, either through a divorce or the dissolving of a defacto arrangement. The purpose of a property valuation for divorce settlement is to determine how to divide your property between you and your former partner.
Some couples may think that they can use an appraisal carried out by a real estate agent, the purchase price of the property, or previous residential property valuations undertaken for the bank when they purchased the property.
These methods are likely to provide values that are vastly different. They could be out of date or over-inflated. The outcome may make this more difficult to reach a compromise figure and lead to a further dispute over the property’s value.
By engaging a certified property valuer experienced in family law valuations you will receive an independent and unbiased property valuation that contains the current fair market value after considering various important market factors.