A family law valuation is a valuation of property carried out but a registered property valuer where two parties are separating, either through a divorce or the dissolving of a defacto arrangement.
Some couples may think that they can use a real estate appraisal, the purchase price of the property or the valuation 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 They could be out of date or over inflated by a real estate agent that is eager for you to sell the property with them. The outcome may make this more difficult to reach a compromise figure and lead to further dispute over 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.