Divorce and Marital Property Appraisals

Residential real estate is often one of the largest assets involved in a divorce or separation. An independent appraisal provides a well-supported opinion of the property’s market value to assist the parties and their legal counsel in making informed decisions.

When a Divorce Appraisal May Be Needed

A residential appraisal may assist with:

• Determining the property’s current market value

• Evaluating a proposed buyout of one party’s interest

• Supporting mediation or settlement negotiations

• Establishing a value for the division of marital assets

• Preparing for litigation or court proceedings

• Developing a retrospective value as of a prior date

The appraisal determines the value of the real estate. It does not determine each party’s ownership interest, calculate the amount of a buyout, or provide legal advice.

Current and Retrospective Valuations

The appropriate effective date is not necessarily the date the appraisal is ordered or the date of the divorce. Depending on the circumstances, a current value or a retrospective value may be required.

The client should obtain the appropriate valuation date from their attorney or applicable court order before the appraisal begins. When a retrospective value is required, the analysis reflects the property and market conditions as they existed on that historical date.

Independent and Impartial Analysis

Every assignment is completed by a Michigan Certified Residential Appraiser in accordance with the Uniform Standards of Professional Appraisal Practice. The appraiser does not advocate for either party and cannot guarantee or agree to a predetermined value.

The appraisal report identifies the client, intended users, intended use, effective date, scope of work, market analysis, and final opinion of value. Confidential information and appraisal results are handled in accordance with applicable professional standards.

Appraiser Testimony

When necessary, the appraiser may be available to explain the appraisal methodology, market data, and final opinion of value during a deposition or court proceeding. Preparation and testimony are separate professional services and are subject to availability and an additional fee agreement.

Service Area

Tri-County Appraisal Group, Inc. provides residential divorce and marital-property appraisal services throughout Wayne, Oakland, Macomb, Washtenaw, Livingston, and Monroe Counties.

To discuss the property, appropriate valuation date, and intended use of the appraisal, call 313-329-0313 or submit a Private Appraisal Request.