A Formal Property Valuation Report will assist parties with a "buyout" or "Settlement" of the home and properties jointly owned. A Property Valuation could involve a "current market value" or a "retrospective value" based on the date of separation or divorce.It is also important that when working with Family Law Lawyers and Solicitors, all parties quickly and confidently reach an agreement on a settlement value to allow negotiations to proceed. The easiest way to reach this point is to have our Formal Valuation Report completed on each property being divided.
The Family Law Court will also require a Formal Property Valuation Report on all properties. A real estate agents appraisal is not considered to be an experts report and cannot be utilised by lawyers or the Family Law Courts.