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How the family home is valued in a divorce

On Behalf of | Aug 26, 2021 | Divorce |

By the time a Harrisburg area couple has decided to get a divorce they have been through a lot. A divorce can be a difficult time for a couple with many things that need to be figured out. One of the most contentious issues for a couple is property division. The family home is often one of the most valuable assets a couple has.

Dividing the family home in a divorce can be one of the most important aspects of a divorce. The family home is often the most valuable asset a couple owns together. Therefore it is important that the home receives an accurate valuation.

Determining value of home

There are several ways a couple can determine the value of their home. These include:

  • Formal appraisal by an experienced and qualified appraiser.
  • Broker price opinion from a real estate agent, appraiser or broker.
  • Comparative price analysis by a real estate broker.
  • Property tax assessment
  • Online price estimator such as Zillow or Redfin

Typically, an appraisal done by an experienced and qualified appraiser is the best way to determine the value of the family home. Whether a couple decides to sell the home, keep the home, etc. a home appraisal is important in determining each spouse’s equity in the home. A legal professional who is skilled in divorce can help their client understand their options with property division and divorce. They understand that their client’s future depends on what is decided during the divorce process. Making sure their client’s needs are protected both now and into the future is their main job and why they are such a valuable member of the divorce team.